January Outlook | Stocks and Commodities

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December 26, 2013
Time: 11.15 pm

January Outlook:

1. Both RBI policy and Fed Tapering issue did not bring down our markets.
2. In December, Nifty rose by about 200 points.
3. Januaryis a 5 week month.
4. Also Q3 results will make it more volatile.
5. There are no big events ahead in January except Q3 results.
6. Cash Nifty is likely to trade between 6000 and 6400 until some trigger comes.
7. Trigger could be good Q3 results or some global events.
8. Or pre election rally may start at anytime.
9. Meanwhile global cues continue to be good.
10. FII allocation to India in the new year should be good.
11. So FII inflow will also aid the upmove.
12. The year 2013 saw Nifty going up only by 300 points, we will see what happens in 2014.

Recommendation:

1. Sell Nifty 5800 Put option and 6700 Call option.
2. Sell Bank Nifty 10000 Put option and 13000 Call option.
3. Sell Axis Bank 1100 Put option and 1500 Call option.
4. Sell Mcdowell 2200 Put option and 3000 Call option.
5. Sell Auro Pharma 350 Put option and 450 Call option.