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| P R Sundar, Aditya Trading Solutions |
Time: 7.15 pm
Post Market Report:
- Last 45 minutes of free fall in Nifty was totally not expected.
- We reported in the Mid Market Report that Nifty future is expected to close between 6200 and 6240.
- When it fell below 6200, there was free fall.
- Surprisingly FIIs did not sell and DII selling was much less compared to last few days selling.
- Also markets fell without any news flow.
- European markets were trading with slight negative bias.
- US futures were flat.
- So it is a complete surprise fall.
- Since markets fell without any negative news flow and institutional selling, markets should stabilise tomorrow.
- This fall is not to be taken as reversal signal.
- Our market is a monkey market, difficult to predict the behavior.
- That is why we always play with options, not futrures.
- Also we keep a good distance, though our profits are not fantastic.
- At 7 pm, data that came from US all look good.
- After the data release, European markets recovered, US futures also inched up.
- If there is no recovery in our markets tomorrow, then there may be some trouble.
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