Post Market Report, September 20, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

September 20, 2013
Time: 9 pm

Post Market Report:

1. Everyone expected bad news from FED, it came with good news, markets went up.
2. Everyone expected good news from RBI, it came with bad news, markets crashed.
3. But global cues are more important than the local cues.
4. Despite such a big fall, FIIs bought for 945 crores in cash market.
5. But traders would have lost heavily. How traders can stand a fall of 700 to 800 points in Bank Nifty?
6. Volatility has come down from the peak of 35 to below 25.
7. There are no more 'event' risks.
8. So the markets will be in sideways mode from now onwards.
9. Currency movement and FII figures will guide the market from now on.
10. Q2 results will decide the markets in the second half of October.