Mid Market Report, November 29, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 29, 2013
Time: 1 pm

Mid Market Report:

1. It is a complete surprise market today.
2. Nobody expected such a big positive move today.
3. No global cues, GDP data release in the evening, weekend, still Nifty shot up by about 80 points.
4. I guess today evening GDP data figure should be good, some informed people are  buying or covering their shorts.
5. Europe is likely to open flat with negative bias.
6. Today is Friday, afternoon trade will always be difficult to predict.
7. There may be some profit booking or there may be some short covering.
8. Most technical people are short in the market.
9. We will see what happens after 2.30 pm.