After Market Report, August 30, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

August 30, 2013
Time: 3.30 pm

After Market Report

1. I mentioned earlier that I will not be surprised if Nifty crosses 5500 today, but Nifty fell nearly 125 points and then shot up to 5493, just 7 points away from 5500.
2. Huge volatility means either market will move significantly higher from here or significantly lower from here.
3. Huge volatility shows the indecision, due to GDP data, Syria problem, etc.
4. Positions created as per my recommendation are doing well as volatility is falling as expected.
5. If the volatility continues to fall and if the market moves above 5520, then market will reach 5700.
6. On the other hand if volatility increases in the next two days and if Nifty breaks 5320, then it will retest 5100.
7. We will see how the market moves next week.