Mid Market Report, November 19, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 19, 2013
Time: 1.30 pm

Mid Market Report:

1. Market are consolidating as expected.
2. Europe will be opening about half a percent lower.
3. That will have some negative impact here.
4. Anyway markets will be range bound only.
5. Bank Nifty is trading firm and hence downside for Nifty is also limited.
6. Since PSU banking stocks have bottomed out and some PSU banks declared good results and improving NPAs, next big upmove could be by PSU Banks.
7. Today SBI and Bank of Baroda find place in top 5 gainers.
8. So if you want you may sell put options in SBI and Bank of Baroda or Bank of India.
9. Avoid PNB as its results are not good.
10. We have to see towards the end of the day whether anymore FII buying push the index higher or not.