Mid Market Report, November 13, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 13, 2013
Time: 11.55 am

Mid Market Report:

1. Nifty cash broke 6000 but recovered a bit.
2. This is because people do not want to short as tomorrow is a holiday.
3. Also 7th consecutive day markets are falling, risk reward ratio is not in favor of short sellers.
4. Markets are waiting for SBI results for direction.
5. Also Tata Steel, Coal India, ONGC, Cipla, Sun Pharma are some of key results today.
6. Europe is likely to open lower by about half a percent.
7. US futures also trading lower.
8. Rupee did not fall below 64.
9. Afternoon trading will be volatile.
10. There is a possibility of short covering in Bank Nifty if SBI results are good.