Mid Market Report, November 1, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 1, 2013,
Time: 12.45 pm.

Mid Market Report:

1. Markets are consolidating with positive bias.
2. Banking stocks are doing well.
3. Yesterday market turnover was highest at 5.32 lakh crores.
4. FII bought for more than 1800 crores.
5. Europe is likely to open positive.
6. US futures also trading positive.
7. Chinese PMI came better than expected.
8. So the global sentiment has been good.
9. However profit booking can come at anytime.
10. So do not play with futures.

 Recommendation:

1. Sell Bank Nifty 13000 Call option and 10000 Put option.