Pre Market Report, September 19, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

September 19, 2013
Time: 8 am

Pre Market Report:

1. Fed is not tapering and that is a huge positive for India.
2. Yesterday we have mentioned that the market looks bullish based on options data.
3. No need to say that US markets were up and Asian markets doing well.
4. Nifty will gap up by about 180 points and rate sensitives will fly.
5. But there will be profit booking by DIIs.
6. It will be difficult day for traders.

Recommendation:

1. Sell Nifty 5900 Put option whenever there is about 30 to 40 point correction in Nifty. 
2. Sell Bank Nifty 9500 Put option.