Pre Market Report, September 27, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

September 27, 2013
Time: 8.30 am

Pre Market Report:

1. US markets rose after 5 consecutive day fall.
2. Asian markets are trading with positive bias.
3. FIIs were on the buy side. Usually they will be on the sell side on expiry day, due to reversal trade.
4. This means that FIIs bought more than what the figure shows if we take the reversal into account.
5. SGX Nifty trading flat, because yesterday the October future closed around 60 points higher than the cash Nifty. Usually it will be 30 to 40 points only.
6. Gold and Crude trading stable.
7. Rupee is likely to open below 62 and that is positive for stock markets.

Recommendation:

1. In our October view we have given a number of recommendations.
2. Sell Jindal Steel 280 Call option.
3. Sell Mcdowell 3000 Call option.