Post Market Report, October 30, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 30, 2013
Time: 10.45 pm.

Post Market Report:

1. Markets moved as expected.
2. After a huge run yesterday, markets need to consolidate.
3. Also today there is Fed news is there.
4. So tomorrow again markets may move higher if there is no negative surprise from Fed.
5. Call option premiums are shooting up.
6. Once Nifty crosses 5250 then next resitance will be at 6350.
7. That may happen in few days time.
8. Today also FIIs have bought for more than 1000 crores.
9. US and European markets are trading cautiously ahead of Fed news.