Pre Market Report, November 18, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 18, 2013.
Time: 8 am

Pre Market Report:

1. Asian markets are trading firm.
2. We reported yesterday that Nifty futures will open gap up by 80 to 100 points.
3. Now SGX Nifty is trading at 5170 levels which is about 80 points higher than Friday's closing here.
4. In addition to Janet Yellen's statement, China's announcement regarding economic liberalisation over the next ten years also boosting the sentiment.
5. India's entry into JP Morgan Bond Index and Chin's economic liberalisations are two events that can be considered as "BIG" events.
6. Europe is likely to open flat with positive bias today.
7. VIX is trading below 20 and that shows that markets will trade firm without any big swings.
8. Crude and gold trading stable.

Recommendation:

1. Sell Nifty 5900 Put option and 6450 Call option.
2. Sell Sun Pharma 580 Put option and 650 Call option.