Mid Market Report, December 19, 2013 | Stocks and Commodities

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December 19, 2013
Time: 12.15 pm

Mid Market Report:

1. Markets fell surprisingly.
2. Everyone was expecting Nifty to open and trade about 40 points higher.
3. This is a knee jerk reaction to theFed news.
4. We have to see the FII figure today evening to know what is their view.
5. As of now, Nifty future is stabilising around 6180.
6. Nifty future premium has come down from about 40 points to about 10 points.
7. Markets can always throw surprises like this.
8. Though markets fell so much, VIX has fallen by more than 4%.
9. Nifty 6000 Put, 5900 Put are in profit despite such a fall.
10. But look at the profit in the call options.
11. This is the reason why we always suggest selling bothsides.
12. Europe will open firmly in positive and that should help our markets to recover some lost ground.
13. Nifty future should settle between 6180 and 6220.
14. This is too early to predict, but we are writing this Mid Market Report much earlier as too many people are visiting our blog to know why markets fell.