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

P R Sundar, Aditya Trading Solutions

October 17, 2013
Time: 6.45 pm

Post Market Report:

1. Today's market is the classic example of "Buy on rumor and sell on news".
2. Such a good result by TCS and HCL Tech, but both shares fell and also dragged entire IT pack and hence the Nifty.
3. Since the US Debt issue is over, VIX has crashed more than 9%.
4. Option buyers all lost and option sellers have made very good money.
5. December expiry 5500 Put fell by Rs 6.90 and 6500 Call fell by Rs 29.90, anybody who sold these two would have made a profit of over Rs 1800 per lot in one day.
6. Don't be carried away by today's selling.
7. This is DII selling.
8. FIIs are buying continuously,in the last five trading sessions they have bought for more than Rs 4500 Crores.
9. Today is the second consecutive day of FII buying of more than Rs 1000 Crores.
10. Fed tapering is not likely by the end of this month, that is why Gold has shot up today, Indian Rupee appreciated.
11. Money will continue to flow to India, markets will rise with volatility.
12. So as we always suggest play with options.