Post Market Report, November 9, 2015 | Stocks and Commodities

November 9, 2015
Time: 10 pm

Post Market Report:

1. Today is the 10th fall in 11 trading sessions.
2. But nobody will complain as the intraday recovery was something nobody expected.
3. I thought there will be resistance at 7900.
4. But Nifty future hit a high of 7955.
5. Morning itself both Midcap and Small cap indices turned positive.
6. That aided the short covering and Nifty also climbed higher.
7. FIIs have sold for Rs 861 crores.
8. DIIs have bought for Rs 621 crores.
9. Europe markets were marginally lower.
10. Most important thing in today's trade is the VIX.
11. India VIX crashed by 12.5%.
12. Option premiums fell in both Call side and Put side.
13. Call options fell more than the put options.
14. Surprisingly companies that declared not so good results did well in today's trade like Tata Motors, Auro Pharma.
15. Two days before I said I am long in Auro Pharma at Rs 820 and sold 820 Call at Rs 32 and 900 Call for Rs 7. That is likely to give superior returns, I plan to hold until the expiry with a stop loss at entry level.
16. Even if my stop loss is triggered, by that time option premiums would have gone down, I will still make some pprofit.
17. As I have 4 lots, the total expected profit is over Rs 1 Lakh.
18. From now on, markets are expected to consolidate.
19. We still have IIP and Inflation data due later this week.
20. For few more days, Nifty future is expected to trade between 7800 and 8000.