After Market Report, August 29, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solution

August 29, 2013
Time: 3.30 pm

After Market Report:

1. I mentioned in the morning that Nifty will expire around 5380. It exactly closed at 5380.85.
2. The weighted average close may be higher by 20 to 25 points.
3. Short covering did not come in Bank Nifty as expected.
4. People are so bearish in Banking Stocks, Kotak Bank September future is trading at Rs 36 discount to the cash market price. It seems that all the shorts are rolled over, instead of covering.
5. Volatility index fell by 9% as I have mentioned in the morning.
6. I suggested selling 4500 Put option and 5800 Call option in September, despite market moving by over 100 points, 5800 Call option open price and close price are the same, but 4500 Put option, there is a difference of 3 Rupees between open and close price.