Pre Market Report, November 22, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 22, 2013
Time: 8.15 am

Pre Market Report:

1. US markets rose overnight.
2. Dow closed above 16000 for the first time.
3. Emerging markets are also stabilising.
4. Last time Fed tapering issue came, Rupee went to 69 from 58 and Nifty lost around 1000 points.
5. But now situation should not be that bad.
6. Nifty has already lost around 350 points.
7. So may be it may go down by another 150 to 200 points.
8. 200 DMA is also somewhere there.
9. FIIS have sold for about 60 crores after continuously buying for 33 trading sessions.
10. SGX Nifty is trading slightly positive.

Recommendation:

1. Sell Nifty 5800 Put option and 6200 Call option.