Post Market Report, October 21, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 21, 2013

Time: 6.20 pm

Post Market Report:

1. Market has moved as expected.
2. Morning recommendation of selling 6000 Put and 6500 call, both are in profit.
3. Today fourth consecutive day, FIIs bought for more than 1000 crore.
4. Nifty has resistance at 6250 and once it is crossed it will move quickly to 6350.
5. All the put positions can be closed once Nifty crosses 6300.
6. This is a liquidity driven rally and hence may fall anytime, so please be careful about your long positions.
7. European markets are trading sideways and US futures also flat.
8. Nifty may spend one or two more days around this level and then may break out to reach all time high.
9. This month we started of selling 5400 put option and continued to sell 5500, 5600, 5700, 5800, 5900 and today 6000 Put option.
10. Those who have followed our recommendation would have made handsome profits.