Mid Market Report, October 17, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 17, 2013,
Time: 1 pm

Mid Market Report:

1. VIX has crashed 7.5% which is expected as the event risk is over.
2. Option premiums have collapsed.
3. All option sellers are happy.
4. We have been suggesting to sell 5600 and 5700 Put options.
5. As mentioned earlier, Bank Nifty is the drag.
6. Afternoon trade by FIIs have to be watched.
7. Overall the market will be bullish and hence every dip, sell Put option by keeping 300 to 400 points distance.
8. VIX has collapsed by more than 20% since last Friday.
9. European markets have opened flat.
10. Axis Bank results will have some impact on Bank Nifty and hence on Nifty.
11. Tomorrow L&T results is important.