Post Market Report, October 31, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 31, 2013
Time: 3.45 pm

Post Market Report:

1. In the MId Market Report we said that in the late afternoon markets will show volatility.
2. Markets came down and almost touched day's low around 2.45 pm and then shot up to cross 6300.
3. We have been reporting for the last many days that markets will cross 6300 once Fed policy is out and favorable.
4. That has happened exactly.
5. Good results from some PSU Banks, particularly Bank of India, triggered short covering in all PSU Banks and that has helped the Nifty to cross 6300 intraday.
6. Today's turnover at over 5 lakh crores is the highest in Indian stock market history.
7. Morning suggestion of selling 6150 Put and 6350 Call has given full profit as both expired worthless.
8. For dare devils we have suggested selling 6200 Put and 6300 Call for a premium of Rs 6 and that also worked very well although in the last few minutes tension shot up.
9. The whole October series passed as expected.
10. We will be writing "November Outlook" today or tomorrow and November series is expected to be range bound.