Post Market Report, September 23, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

September 23, 2013
Time: 6.30 pm

Post Market Report:

1. In two trading sessions, Nifty fell from the peak of 6175 to below 5900.
2. This has happened without FII selling.
3. Everybody is talking about the effect of FII selling if that happens, in my opinion it is the DII selling due to redemption pressure will create more troubles.
4. Today FIIs sold less than 100 Crore but DIIs have sold more than 700 Crores.
5. Markets will not be going anywhere, it will come u if it goes down, it will come down if it goes up.
6. Nifty was around 6000 in the beginning of this year and by the end of this year also it is expected to be somewhere there only.
7. Two equal and opposite forces are playing, one side China, Japan and Europe economies stabilising, and other side local problems like inflation, rupee depreciation, CAD, political uncertainty.
8. But markets will be very volatile. In fact in the last two months, every day the Nifty swung more than 200 points intraday. A total swing of about 8000 points in the last two months.
9. Next three days also the markets will be volatile due to expiry on Thusday.
10. It is better to avoid any trade now or go for short strangle.