Mid Market Report, November 5, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 5, 2013
Time: 12.15

Mid Market Report:

1. We reported that we are expecting some correction today morning as well as over the week end.
2. Today itself Nifty has corrected by about 70 points.
3. Corrections are healthy for bull market.
4. Chinese Premier has warned of loose monetary policy.
5. That is the reason why most Asian markets are down.
6. Europe is likely to open positive.
7. Europe markets are trading at 5 year high.
8. Crude price is falling, that is good for India.
9. Today morning HSBC India Services PMI also came better than last month.
10. Undertone is still bullish, this is only a correction.