Mid Market Report, November 7, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 7, 2013
Time: 1 pm

Mid Market Report:

1. We have reported earlier that this fall is only a correction and markets will bounce back.
2. We expected the bounce only next week, but bounced nicely today itself.
3. Europe is likely to open slightly negative.
4. US futures also trading slightly negative.
5. Since Rupee breached 62 and DIIs sell aggressively, short sellers became active.
6. But FIIs turned buyers and all short sellers have been trapped.
7. If the key events in Europe and US turns positive then our markets will try to cross all time high again.
8. This time if all time high is crossed, Nifty will quickly move to 6500
9. So please do not play with futures.
10. Keep a distance and sell both Call and Put.