Pre Market Report, December 27, 2013 | Stocks and Commodities

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December 27, 2013
Time: 7.30 am

Pre Market Report:

1. Post Chrismas trading also US markets shot up.
2. Dow gained more than 100 points.
3. Asian stocks are mixed.
4. Yesterday FIIs have bought for more than 700 crores.
5. SGX Nifty is trading about 10 points lower.
6. Action is not in the index or large cap stocks.
7. Many small cap and mid cap stocks are doing well, rising by 10% and 20%.
8. Yesterday, Opto Circuit, Amtek Auto, Liberty Shoes, Bosch all shot up by more than 10%.
9. Some people are buying now so that in January 2014, when new FII allocation comes to India, they can exit in January.
10. Today market is expected to be in sideways consolidation mode.

Recommendation:

1. Sell Nifty 5800 Put option and 6700 Call option.
2. Sell Bank Nifty 10000 Put option and 13000 Call option.