Pre Market Report, October 21, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 21, 2013
Time: 8.15 am

Pre Market Report:

1. US markets rose on Friday.
2. All Asian markets are trading firmly positive today.
3. SGX Nifty is trading about 30 points higher.
4. FIIs have bought for a record amount of 1750 crores on Friday.
5. This record amount of buy was followed by two consecutive days of more than 1000 crore of buy by FIIs.
6. On the other side DII selling came down to 560 crores from more than 1000 in the previous two days.
7. European futures and US futures are trading positive.
8. If this momentum continues, Nifty will cross all time high before any correction sets in.

Recommendation:

1. Sell Nifty 6000 Put option and 6500 Call option.
2. Sell Bank Nifty 8500 Put option. 
3. Sell L&T 860 Put option.