Mid Market Report, October 28, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Soutions

October 28, 2013
Time: 12 Noon

Mid Market Report:

1. Markets are not moving as expected.
2. We expected Nifty future to cross 6200.
3. ITC alone bringing down Nifty by 27 points, otherwise Nifty future should be trading 6180+ levels.
4. Europe is likely to open higher.
5. Dow futures is trading higher.
6. So any FII buying in the afternoon only can lift the markets.
7. There should be no shortselling due to benign global cues and RBI policy review tomorrow.
8. Private sector banks, L&T and Reliance are holding the markets.
9. Any FII buying should lift the Nifty future to 6180 level.
10. Nifty will be bullish only then.