Mid Market Report, November 20, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 20, 2013,
Time: 1.30 pm

Mid Market Report:

1. Markets are consolidating as expected.
2. People will not like to take fresh positions ahead of key retail sales data in US today evening.
3. Nifty future is expected to close between 6200 and 6240 today.
4. Europe will opening slightly negative.
5. Most Asian markets are down.
6. China and HK markets up due to economic liberalisation in China.
7. US futures are flat.
8. VIX is inching towards 20.
9. FII buying will make sure markets are not down much from here.
10. Market consolidation will continue for one or two more days.