Post Market Report, October 22, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 22, 2013
Time: 6.30 pm

Post Market Report:

1. Markets moved as expected.
2. FIIs bought today also for more than 700 crores.
3. But DII selling was more than the FII buy at over 800 crores.
4. Non farm payroll came at 148K against the expectation of 180K although unemployment improved.
5. This is a positive news as Fed tapering is likely to be delayed.
6. Wipro has declared better than expected results after the markets close.
7. There are no market moving results tomorrow.
8. After the beak out, Nifty has been consolidating and once consolidation is over it is likely to cross 6250 and next resistance will be at 6350 level.
9. We suggested to sell 6000 Put option when Nifty futures fall below 6200, it fell below only for brief period.
10. Those who have sold can continue to hold.