Pre Market Report, October 15, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 15, 2013
Time: 7.45 am

Pre Market Report:

1. Dow Jones fell 100 points at the opening but closed 65 points higher.
2. Markets will be volatile for few more days.
3. SGX Nifty is trading above 6200.
4. This means that cash Nifty will cross 6142, the previous high.
5. Until Debt. ceiling issue becomes clear, do not go long or short.
6. Play with options as we always suggest.
7. During the volatile time, returns will also be high and safety is very high compared to playing with futures.
8. Tomorrow is a holiday, Thursday is the deadline for Debt. talk. So anything can happen.
9. More selling will come from DIIs.
10. Whenever such selling comes, sell put options.

Recommendation:

1. Sell Bank Nifty 9500 Put option whenever you see some selling pressure and Nifty falls by about 30 to 40 points.
2. Sell Nifty 5700 Put option whenever there is some selling pressure.
3. Sell TCS 2000 Put option and 2500 Call option.

Follow Up:

1. Those who have sold Reliance 800 Put option and 940 Call option, today sell 860 Put option.