After Market Report, October 10, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 10, 2013

Time: 3.30 pm

After Market Report:

1. Markets have played out exactly as we projected.
2. It was volatile, due to yesterday's out performance, today it was expected to close plus minus half a percent.
3. We also mentioned that Infy will make a move of 1% to 2%, it came down from the high of 3149 to 3088 and recovered from there.
4. Option premiums have collapsed in Infy, meaning that no big move is expected in this counter tomorrow.
5. Firm opening in Europe markets and more than 100 points uptick in US futures added sentiment towards the end.
6. There were 3 selling pressures came, despite that market closed firmly, meaning that market expectation about Infy results and IIP data is very good.
7. We suggested selling 5700 Put option at the opening, those who have done it would have got more than Rs 500 profit per lot.
8. Tomorrow is the D-Day.
9. We will see how the market moves tomorrow.
10. Nifty future should cross 6100 by tomorrow, Nifty cash 6140 is the resistance for medium term.