Pre Market Report, September 3, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

September 3, 2013
Time: 8 am

Pre Market Report:

1. US markets were closed yesterday, but Asian markets are trading firmly.
2. FIIs bought both in cash and F&O market yesterday after a long time.
3. SGX Nifty is trading at the higher end of yesterday's trade.  i.e. around 5565.
4. There is a general feeling that for the Asian emerging markets worst is over.
5. For Nifty, now 5100 will be a very strong support.
6. Oil prices continue to trend lower which is good for India.
7. Further short covering will take Nifty between 5600 and 5700 which will be 50% retracement of the entire fall.

Follow Up:

1. Nifty, those who have created 5000 Put and 5800 Call, can sell additional 5000 Put option.
2. Nifty, those who have created 4500 Put and 6000 Call, can just leave it.
3. Nifty, those who went long yesterday , sell 5800  call option today, if Nifty crosses 5580.
4. Bank Nifty, those who have created 7500 Put and 11000 Call, can just leave it.
5. Bank Nifty, those who have sold 8000 Put, can just leave it.
6. All the stock options, just leave them. Keep stop loss only for Tata Motors 300 Call option at Rs 12.
7. All the stock options are profitable except Tata Motors.

Recommendation:

1. Square up Reliance 760 Put and sell Reliance 800 Put option.
2. Sell Bank Nifty 11000 Call option if it trades above Rs 20.

Long Term Option:

1. Sell Dec 2014 expiry Nifty 4000 Put option and 8000 Call option simultaneously. 

For comments and suggestions:

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