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

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December 13, 2013
Time: 8.50 am

Pre Market Report:

1. US markets fell again.
2. Second day Dow lost more than 100 points.
3. Fed Tapering fear is surfacing again and this continue for few more days until next Wednesday.
4. Entire BJP election win rally fizzled out.
5. This is despite FIIs keep on buying every day.
6. This is the last stage of consolidation market when all retail investors will exit the market.
7. This will go on for few more months.
8. Most Asian markets are down.
9. SGX Nifty is down by about 40 points.
10. Nifty future support is at 6180.
11. If that is broken, market will fall drastically.
12. Gold and Crude oil trading stable.
13. Rupee is likely to open above 62.
14. Some Asian markets have recovered.

Recommendation:

1. Sell Nifty 5900 Put option and 6400 Call option.