Pre Market Report, November 19, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 19, 2013
Time: 9 am

Pre Market Report:

1. US markets rose in the first half and fell in the late session and ended mixed. Dow was up and Nasdaq and S&P was done.
2. China economic liberalisation optimism keeps some Asian markets alive.
3. As most world markets are trading at 5 year high, some consolidation is required at this stage.
4. Some big event or news is required at this stage for the markets to break out, otherwise profit booking will make sure that markets do not rise significantly from here.
5. Since the the second half of the US session was done, Europe will open down.
6. FII buying is more than DII selling. That is positive news for bulls.
7. Nifty futures will should be trading between 6120 and 6320 for the next few sessions before breaking out or down.
8. Crude and gold are stable.
9. VIX is below 19, so violent movements are not expected.

Recommendation:

1. Sell Bank Nifty 10500 put option and 12000 call option.