After Market Report, October 11, 2013. | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 11, 2013.

Time: 4.15 pm

After Market Report:

1. Markets moved as expected, Nifty crossed 6100 and profit booking also came in.
2. Those who have sold 5600 and 5700 Put options are sitting with huge profits.
3. Those who have sold Infy 2400 Put and 3650 Call also having good profit.
4. Nifty now trading in a resistance zone.
5. But Bank Nifty seems to have broken out of the range 10000 and 10500.
6. Any further rally in Nifty will depend upon banking stocks.
7. Today volatility index crashed by 8.84%, that is very good for option sellers.
8. Put option premiums have come down but call option premiums did not go up much, 6400 and above call options actually came down.
9. Over the weekend we do not know what is going to happen in US, that will decide the next week movement.
10. As of now, market looks good.