Post Market Report, October 23, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 23, 2013
Time: 5.45 pm

Post Market Report:

1. Our market started of with bullishness.
2. Suddenly the news came from China that due to tight monetary policy, interest rates shot up by around half a percent.
3. All the markets started falling.
4. Only PSU Banks were trading positive due to recapitalisation.
5. Also HUL rose in the morning as Unilever Indonesia shot up by 14%.
6. In the afternoon trade, Nifty recovered nearly 70 points from the low due to FII buying.
7. Markets can fall suddenly and that is why we always suggest options.
8. On closing basis 6000 Put and 5900 Put lost less than a rupee.
9. Those who are holding can continue to hold.
10. Today's FII figures should be good and hence markets may stabilise here before making an up move.