Mid Market Report, December 12, 2013 | Stocks and Commodities

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December 12, 2013
Time: 1 pm

Mid Market Report:

1. Nifty future broke 6303, Friday's close.
2. So entire up move by Sunday election news has been wiped out.
3. Now Nifty future is trading at a level of Friday afternoon.
4. But look what happened to option prices.
5. Nifty 6000 Put option which was trading at Rs 40 on Friday afternoon, now trading at Rs 10.
6. Nifty 6600 Call option which was trading at Rs 29 on Friday afternoon, now trading at Rs 5.50.
7. So option is the only way to make money safely.
8. Europe is likely to open lower.
9. Only FII buying can hold the market.
10. Otherwise Nifty future should head towards 6220.
11. Rumour: Indian Govt. has asked DIIs like LIC to sell aggressively so that market does not rise. Reason: People should not think that markets will rise if BJP wins.