Mid market Report, October 25, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 25, 2013
Time: 11.30

Mid market Report:

1. Nifty future is moving in a range of 30 points between 6140 and 6170.
2. Europe is likely to open flat with negative bias.
3. Markets are waiting for ICICI and ITC results both are index heavyweights.
4. Friday afternoon market will be difficult to predict.
5. Traders will like to square off their positions by Friday afternoon.
6. So depending upon traders position markets will move up or down.
7. If there is any FII buying towards the end of the day then Nifty will go up.
8. Ahead of RBI policy next Tuesday and Fed policy next Wednesday, markets will be volatile.
9. But no shorts will be created ahead of key events and therefore Nifty may not fall much below from the current levels.