Post Market Report, October 27, 2015 | Stocks and Commodities

October 27, 2015
Time: 7.15 pm

Post Market Report:

1. Markets traded as expected between 8200 and 8300.
2. It was gap down and then has not recovered.
3. There was some recovery intraday in Bank Nifty.
4. As expected Maruti came out with very good results and the shares shot up. I mentioned in the morning that Maruti will come out with good results.
5. It was a lack luster trade today and hence VIX has come down.
6. DIIs have sold for Rs 165.45 crores and FIIs have bought for Rs 9.5 crores in cash market.
7. Still highest open interest among Puts is at 8200 and Calls is at 8300.
8. There is a significant drop in open interest in 8200 Put, which means that people expect Nifty to break below 8200.
9. As I have stated earlier, those who sold 8200 Put and 8300 Call few days before collected about Rs 80 premium, so they want the Nifty to expire between 8150 and 8350 so that they will make profits.
10. European and US markets are down right now.
11. SGX Nifty is also trading lower.
12. So the pressure may continue tomorrow also.
13. So tomorrow's trade may be some thing like today, gap down slightly and then continue to trade lower without any recovery.
14. This is my view right now, which may change tomorrow morning.
15. There are no important corporate results tomorrow.