Post Market Report, November 29, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 29, 2013
Time: 8 am

Post Market Report:

1. Yesterday was a holiday for US markets.
2. Hence there is no clear global cues.
3. Asian markets are trading flat, some with positive bias and some with negative bias.
4. Both FIIs and DIIs bought in cash market yesterday.
5. Therefore SGX Nifty is trading firm at yesterday's close of 6160.
6. Brent crude is trading above $110 which is actually not good for India.
7. Today in the absence of global cues, ahead of GDP data and ahead of weekend, people will not initiate long positions aggressively.
8. So today's market is expected to be sideways consolidation mode.

Recommendation:

1. Sell Mcdowell 3000 Call option and 2300 Put option.