Post Market Report, October 20, 2015 | Stocks and Commodities

October 20, 2015
Time: 8.30 pm

Post Market Report:

1. I have stopped writing 'Post Market Report' for a long time.
2. Now since more readers are reading the blog, I thought, may be I have to start again.
3. Today, as I have mentioned in the morning, markets consolidated for a second day.
4. Nifty traded in the range of 8220 to 8320 as expected.
5. Commodity stocks fell as expected.
6. Four out of 5 bottom stocks in Nifty are commodity stocks.
7. Despite that Nifty fell just 13 points.
8. Europe opened lower and that has affected the sentiment here.
9. FIIs have bought for Rs 524 crores today while DIIs have sold for Rs 355 crores.
10. There are only 6 more trading sessions.
11. So the action is slowly shifting to next month contracts.
12. People expect Nifty to trade between 7850 and 8650, judging by option prices.
13. Highest open interest among Puts is at 8000 Put and among Calls is at 8500 for a combined premium of Rs 150.
14. This month my recommendations have worked very well.
15. This month Nifty is expected to expire between 8000 and 8400.
16. Bank Nifty is expected to expire between 17500 and 18500.
17. If there are no negative news, Nifty may move higher towards the expiry.