Pre Market Report, November 5, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

 November 5, 2013
Time: 8.15 am

Pre Market Report:

1. Most Asian markets are down.
2. We are expecting either a small correction of 100 to 200 points in Nifty or sideways consolidation for this week.
3. There seems to be buying exhaustion by FIIs.
4. SGX Nifty is almost flat at this time.
5. Even on Muhurat trading, DIIs have sold for 28 crores.
6. Although indices are trading at all time high, there is no wider participation.
7. So the market can swing widely from here on either direction.
8. Today markets will move in a range.

 Recommendation:

1. Sell Tata Motors 450 Call option if it trades above Rs 2.25. On Sunday, it closed at Rs 2.30.