Mid Market Report, November 26, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 26, 2013,
Time: 1 pm

Mid Market Report:

1.  Markets are consolidating as expected.
2. Asian stocks are mixed.
3. Europe is likely to open flat with negative bias.
4. Brent crude has gone up after 2.5% fall yesterday.
5. Rupee is trading stable.
6. That is due to a news that RBI collected US$25 billion using the swap window for banks.
7. As we have reported earlier, Nifty is likely to expire between 6000 and 6200, if there are no major newflow.
8. So daredevils may sell 6000 Put option and 6200 Call option both of them trading at good premium considering the fact that there are only two more trading sessions.
9. If you are conservative, then follow our morning suggestion of selling 5950 Put option and 6250 Call option.
10. We do not expect any surprise move in Nifty today.