Mid Market Report, November 22, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 22, 2013
Time: 1 pm

Mid Market Report:

1. As expected markets are stabilising.
2. This is due to all time high close in US.
3. We do not know how the matkets will be reading yesterday's FII data.
4. After consecutive 32 days of buying, yesterday they have sold. That is negative.
5. But their selling was less than 100 crores and that is positive.
6. Since markets have fallen so much in last two trading sessions, traders will like to square of thier positions today ahead of weekend.
7. If no more institutional selling, then this short covering by traders will push Nifty futures to 6080 to 6100 range.
8. If any institutional selling comes, then things will be different.
9. Any way predicting Friday afternoon trade will be difficult.
10. One thing is sure, it will be volatile.