After Market Report, September 11, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

September 11, 2013
Time: 3.30 pm.

After Market Report:

1. Our markets were huge volatile today.
2. But after a long time, it was a flat close, just 16 points up for Nifty and 40 points down for Sensex.
3. This shows that market rally from 5100 to 5900 is over.
4. Now the market will consolidate before making next move.
5. The next move will be based on Fed tapering news.
6. Until then there will be no significant move, but volatility will continue.
7. Our volatility is twice the volatility of US markets.

Follow up:

1. Tata motors fell as expected. Those who have sold 390 Call and 400 Call will be having profits.
2. During the market hours, we suggested through Nest, to sell 5700 Put and 6100 call for a total premium of Rs 140. It closed at rs 126. If the VIX falls more, square up when the total premium is 100.