Post Market Report, December 13, 2013 | Stocks and Commodities

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December 13, 2013
Time: 8.25 pm

Post Market Report:

1. Markets fell in the morning and did not recover.
2. Today is Friday the 13th. This is on possible reason for not recovery.
3. FIIs have sold for Rs 432 crores and DIIs also sold for Rs 45 crores.
4. Expected short covering did not happen.
5. The reason: FIIs turned net sellers.
6. This is a very bad news for bulls.
7. If the global cues continue to be bad, then the fall will be more severe next week.
8. Who is going to buy when both FIIs and DIIs turn sellers?
9. But as for as our recommendations are concerned, time value will work in our favor.
10. We suggested selling options of strike 6000 and below only.
11. Europe was trading positive, but that did not have any effect here.
12. US also trading slightly positive now.
13. Rupee closed lower.
14. Markets will be volatile ahead of RBI policy and FOMC meeting.
15. There was a huge trade worth 5.1 million (single trade) in the VIX call option in US. The buyer will make profit only if VIX rises at least by 50%.
16. So volatility is expected to shoot up in the coming months globally.