Mid Market Report, November 25, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 25, 2013
Time: 12.50 pm

Mid Market Report:

1. We have reported in the morning that Iran-US nuclear deal will be good for India and there could be some short covering rally of about 100 points.
2. That has happened in the morning itself.
3. Still there must be more shorts.
4. This deal will make sure that Crude oil prices will stay low.
5. That is very good for India especially for CAD.
6. If this positive sentiment is carried for few more days, then election expectation will start factoring in the market.
7. Since the 6000 level has become double bottom now, Nifty is likely to inch upwards.
8. Europe is likely to open about half a percent higher.
9. US futures also trading higher.
10. In the afternoon also markets are expected to be firm.
11. Nifty future should settle down between 6080 and 6120 by the end of the day, if there is no major selling by FIIs.