Mid Market Report, December 24, 2013 | Stocks and Commodities

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December 24, 2013
Time: 1 pm

Mid Market Report:

1. Markets are trading flat.
2. Positive sentiment in Asia failed to reflect here due to expiry related buying and selling.
3. Volatility has fallen bymore than 3%.
4. Nifty future is expected to expire between 6200 and 6400.
5. Low risk and low return strategy: Sell Nifty 6200 Put option and 6400 Call option.
6. Japan markets closed at 6 year high.
7. European markets are expected to open mixed.
8. But there will be no volume.
9. US markets are closed today.
10. Bank Nifty once again failed to participate in the rally.
11. Nifty is going to expire around 6380 or 6220 depends on how banking stocks are going to perform.