Mid Market Report, November 21, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 21, 2013
Time: 1.45 pm

Mid Market Report:

1. Yesterday, Nifty fell by 100 points from intraday high.
2. Today again it has fallen by 100 points.
3. As we have reported in the morning, Nifty future should take support at 6020.
4. Last May when Fed tapering news came, Nifty fell nearly 1000 points.
5. Now also the same fear is playing out.
6. So sell additional calls for whatever positions you have and also kepp stop losses for Put options.
7. If cash Nifty breaks 6000 then selling will accelerate.
8. Also in the last 30 plus trading sessions FIIs have bought heavily.
9. Even if they sell one tenth of what they have bought, Nifty can easily go down to 5500.
10. So time to be careful about long positions.
11. Europe opened down.
12. US futures also trading lower.