Post Market Report | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 6, 2013
Time: 7.40 pm

Post Market Report:

1. We have reported two days before that we are expecting a correction between 100 and 200 points in Nifty.
2. Yesterday and today put together, Nifty has corrected 100 points.
3. FII buying has slowed down.
4. But DIIs are selling aggressively.
5. Markets will bounce back at anytime.
6. No selling by FIIs and strong global cues will make sure that our markets will bounce.
7. Those who have sold BHEL 170 Call and 110 Put can continue to hold the position.
8. Europe is trading firmly positive.
9. US futures are trading positive.
10. Bank Nifty fell ahead of PNB, Indian Bank, Uco Bank and City Union Bank results on Friday.

 Note: Those with limited resources like Rs 1 lakh to 2 lakh, always follow our weekly strategy and invest. Our weekly strategy will be mostly on indices where margin money will be lower. Our stock idea is only for those who have more capital as stock option margin is higher and stocks tend to move faster and hence you need more money for delta hedging.