Post Market Report, September 30 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

September 30, 2013

Time: 7 pm

Post Market Report:

1. Markets moved as expected.
2. Those who have sold Nifty 6000 Call and Bank Nifty 11000 Call would have made good profit.
3. The position can be carried as the markets will be bearish as there is no sign of any solution in US.
4. Also Wednesday is a holiday and time value will be in our favour.
5. CAD came at 4.9% of GDP which is not bad.
6. Excluding Gold import, it would be less than 15 billion, that is a good sign, as the gold import in the second quarter will be significantly lower.
7. However the market trend will be based on global cues rather than the local cues.
8. FIIs have sold Rs 519 Crores in cash market.
9. Nifty will find support only at 5620 which is 50% retracement level.
10. Keep all the call options, those who have sold both put and call, bring the calls to the lower strike.