Pre Market Report, November 1, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 1, 2013
Time: 8.15 am

Pre Market Report:

1. US markets fell but moderately.
2. Asian markets are mixed.
3. SGX Nifty is trading about 20 points lower.
4. Volatility index fell by 5.8%.
5. There are no event risk in the month of November.
6. Also it is 4 week month.
7. So the market expectation is that Nifty should be trading between 5800 and 6600.
8. We will give detailed report in our "November Outlook"
9. Europe and US futures are trading positive.
10. Today markets are likely to consolidate.

 Recommendation:

• Sell Bank of India 250 call option. In case 260 or 270 strike is opened then sell 260 call or 270 call instead of 250 call. Yesterday's 22% rise has factored in all the positives. So going forward, Bank of India going above 250 will be difficult.