Mid Market Report, November 14, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 14, 2013
Time: 1.30 pm

Mid Market Report:

1. Markets are moving as expected.
2. Nifty futures should settle down between 6080 and 6120 as we have reported yesterday.
3. Last one hour trading will be interesting.
4. Will there be any short covering by traders or will there be any selling by DIIs? We do not know.
5. Europe will be opening firmly positive.
6. Janet Yellen statement, RBI press meet, good corporate results all helping today's rally.
7. Yet compared to last 7 consecutive session losses, today's rise is not significant.
8. If Nifty futures closes above 6120, then the rally will continue next week.
9. It also depends how today and tomorrow US markets and other markets move.
10. From now onwards, there will be no corporate results.
11. So global cues and FII flows will decide the market movement next week.