Pre Market Report, December 12, 2013 | Stocks and Commodities

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December 12, 2013
Time: 8.15 am

Pre Market Report:

1. US markets fell.
2. Although US budget deal is signed, this raised the speculation that Fed will taper.
3. Next hurdle for our market is Fed Tapering.
4. This one will go on until next Wednesday.
5. Markets will breakout or breakdown only on next Thursday.
6. Most Asian markets are down.
7. Europe is likely to open more than half a percent down later in the afternoon.
8. Brent Crude and Gold did not react much for the Fed Tapering speculation.
9. They are down only marginally.
10. SGX Nifty is trading around 6310.
11. Nifty future 6303 is a very important level as this eas the closing on last Friday.
12. If that is broken, then it means that the entire effect of Sunday election results news is wiped out.

Recommendation:

1. Sell Nifty 6000 Put option and 6500 Call option.