Mid Market Report, October 31, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 31, 2013
Time: 12.15 pm

Mid Market Report:

1. Markets are remarkably stable on Expiry day.
2. Sure there will be volatility in the late afternoon.
3. November expiry both Put option premiums and call option premiums have come down.
4. This is due to the fall in VIX by more than 3%.
5. Expiry is expected to be between 6200 and 6300.
6. Those daredevil people can consider selling both 6200 Put and 6300 Call.
7. One can get Rs 300 per lot in 4 hours time, if Nifty settles down between 6200 and 6300.
8. Since all event risks are over, markets are likely to consolidate within a range of 6000 and 6500.
9. The next event is on 8th of December when state election results will be out.
10. So for entire November series markets will trade in a range.