Post Market Report, November 13, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 13, 2013
Time: 8.45 pm

Post Market Report:

1. Earlier it was announced that tomorrow is a holiday.
2. Later it was announced that tomorrow is a working day and Friday is a holiday.
3. Usually traders will square off their positions ahead of holiday.
4. But that did not happen today as tomorrow is not a holiday.
5. Our markets would have fallen more severely if there was no press conference by RBI Governor.
6. Tomorrow again it seems that markets will fall for eighth consecutive day.
7. Now US markets are trading lower.
8. Today also FIIs bought for about 300 crores.
9. For the first time in the last 7 trading sessions, DII selling was lower than the FII buying.
10. If US markets recover and close positive or slightly negative, then by tomorrow afternoon markets may recover a bit due to short covering ahead of 3 days weekend.
11. After markets closed, Tata Steel declared very good results.
12. SBI declared less NPA during market hours.
13. It seems that the worst is over for PSU banks.
14. Markets are at crucial juncture, markets should not fall more from here.
15. December Fed Tapering Fear, January US Govt. shut down fear, February US Debt ceiling issue fear and then election fear and son, so the markets will break out only after election results in May 2014.
16. Until then it will be up and down and will not go anywhere.
17. In fact from January 1, 2013 until today, markets have not gone anywhere.
18. On January 1, Nifty closed at 5950 and today it closed at 5985.