Post Market Report, September 29, 2014 | Stocks and Commodities

September 29, 2014
Time: 9 pm

Post Market Report:

1. Markets were choppy as expected.
2. Yet closed almost flat at the end of the day.
3. IT and Pharma stocks shot up.
4. Banking stocks fell ahead of RBI policy.
5. FIIs stopped selling in cash market and bought for Rs 150.10 crores.
6. DIIs continued to support the market by buying Rs 234.52 crores.
7. Hong Kong pro democracy protest is gathering momentum.
8. That is reflected in all the global markets.
9. US markets fell at the open.
10. But recovered later and now down by about half a percent.
11. Tomorrow, get ready for roller coaster ride.
12. Markets will be choppy until 11 am and then RBI policy will set the trend.
13. Ahead of 5 day weekend, tomorrow afternoon and day after tomorrow, VIX will come down.
14. Around 10.50 am, sell Bank Nifty 14000 Put and 17000 Call to benefit from fall in implied volatility after the RBI event.
15. In case markets move viloently, you need to have buffer margin to sell additional Put or Call option.