![]() |
P R Sundar, Aditya Trading Solutions |
October 14, 2013
Time: 8.15 am
Pre market Report:
- No agreement in US Debt. talk.
- Most Asian markets are down.
- SGX Nifty is trading around 6095 about 30 points lower than Friday's close here.
- IIP data that came on Friday after the markets close was very bad. (But that is good for banking stocks as RBI is unlikely in hike rates)
- Today inflation data will be released.
- There will be a lot of activity in Reliance as it is declaring results toady evening.
- US futures are trading about 1% lower.
- Markets will be volatile with negative bias.
Recommendation:
- If Bank Nifty falls more than 150 points, then sell Bank Nifty 9000 Put option.
- If Reliance trades more than 875, then sell 940 Call option and if it trades below 860, then sell 800 Put option.
- If you are a low risk trader, Sell Nifty 5600 Put option when Nifty is trading below 6100.
Comments
Post a Comment