After Market Report, September 12, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

September 12, 2013
Time: 6 pm

After Market Report:

1. Market is moving as expected.
2. After a huge run up from 5100 to 5900, some pause is required.
3. That is what is happening now.
4. Also people will like to book profits before Fed tapering news.
5. Also continues negative IIP data for the last few months and negative inflation data for the last few months made people to book profit before IIP and infaltion data today.
6. Surprisingly both data came positive.
7. SGX Nifty is already trading about 40 points higher.
8. Markets will be move in a range from here.
9. Despite more than 1% fall today, VIX did not go up.
10. This is a positive sign.

Follow Up:

1. Yesterday we suggested to sell 5700 Put and 6100 Call for a premium if Rs 140. Today it is around Rs 115 only. A decent return of about Rs 1000 plus per lot.