Pre Market Report, October 14, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 14, 2013

Time: 8.15 am

Pre market Report:

1. No agreement in US Debt. talk.
2. Most Asian markets are down.
3. SGX Nifty is trading around 6095 about 30 points lower than Friday's close here.
4. 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)
5. Today inflation data will be released.
6. There will be a lot of activity in Reliance as it is declaring results toady evening.
7. US futures are trading about 1% lower.
8. Markets will be volatile with negative bias.

Recommendation:

1. If Bank Nifty falls more than 150 points, then sell Bank Nifty 9000 Put option.
2. If Reliance trades more than 875, then sell 940 Call option and if it trades below 860, then sell 800 Put option.
3. If you are a low risk trader, Sell Nifty 5600 Put option when Nifty is trading below 6100.