Pre Market Report, September 13, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

September 13, 2013
Time: 9.15 am

Pre Market Report:

1. US markets fell as jobless claims came much lower than expected which in turn increses the chance of Fed tapering.
2. FIIs bought in cash and sold in F&O Market.
3. Most Asian markets are down.
4. So this volatility will subside only after Fed tapering news and RBI policy news next week.
5. IIP data and inflation data came better.
6. Particularly capital goods did very well in IIP.
7. Capital goods should turn around first for the economy to turn around.

Recommendation:

1. Sell Nifty 5600 Put trading at Rs 55 and 6200 Call trading at Rs 19. By the end of next week, VIX will collapse and hence the premium.