Pre Market Report, November 11, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 11, 2013
Time: 8.15 am

Pre Market Report:

1. On Friday, FIIs bought for around Rs 500 crores in cash market.
2. But they have sold over Rs 1500 crores in futures market.
3. Also DIIs are selling aggressively and they have sold over Rs 900 crores on Friday.
4. In US, jobs report came very good and that is stroking the fear of Fed tapering sooner than expected.
5. Due to all these factors SGX Nifty is trading 50 points lower.
6. But not everything is bad.
7. After our markets closed on Friday, Tata Motors and Divis Lab. came out with very good numbers.
8. Also there was a news that Relaince is likely to get new price for its gas.
9. So oil and gas, auto and pharma sectors should not be falling more.
10. Tomorrow IIP data and inflation data are due.
11. Also on Wednesday, SBI result is due.
12. Due to all these factors markets will be volatile.
13. Nifty futures should take support at around 6120.

 Recommendation:

1. Sell Reliance Infra 400 Put option and 500 Call option which closed at Rs 4 and Rs 5.45.
2. Sell RPower 65 Put option and 90 Call option which closed at Rs 0.30 and Rs 0.40. 
3. Those who have sold Tata Motors 350 Put and 450 Call, consider selling 360 Put option as Tata Motors declared very good results. In case it crosses 405, then sell one more lot of 370 Put option.

Note: 

1. There will be no mid market report as I will be flying over Bay of Bengal during the market hours.
2. Post Market Report will be delayed as I am expected to reach my home at around 10 pm.