Pre market Report, October 30, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 30, 2013
Time: 7.45 am

Pre Market Report:

1. US markets rose once again.
2. Asian markets are trading positive.
3. Once again FIIs bought for more than one thousand crores.
4. There are buying on an average of one thousand crores for the last 10 days.
5. That is one of the main reasons we have bullish view of the markets and have been suggesting to sell 6000 and below strike Puts.
6. All those who have followed our recommendations have made huge money.
7. SGX Nifty is trading above 6250.
8. Markets are going up despite huge selling pressure from DIIs.
9. Once that subsides, Nifty will cross all time high.
10. But profit booking will come anytime and that is why we do not suggest going long in futures.
11. We always suggest selling options.

Recommendation:

1. Sell Nifty 6100 Put option and 6350 Call option provided there are trading above Rs 5.