Mid Market Report, October 29, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 29, 2013
Time: 11.30 am

Mid Market Report:

1. Finally we have a RBI Governor who does not throw negative surprise every time in the name of inflation.
2. RBI policy announced is on expected lines.
3. So Bank Nifty is going up.
4. Our morning recommendation has already given nearly Rs 1000 profit per lot.
5. VIX is also falling.
6. One more event, Fed Tapering is over then VIX can fall below 18.
7. Below Rs 5 we suggest to square up 6000 Put option that we have been suggesting for the last many days.
8. If you want to hold, nothing wrong.
9. Expiry will be above 6000 only.
10. Europe is likely to open negative.
11. China market fell more than 2.5% from the time we reported in the morning.