Post Market Report, November 22, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 22, 2013
Time: 6.15 pm

Post Market Report:

1. We have reported that in the Mid Market report that for sure there will be volatility.
2. After 2 pm, Nifty future fell nearly 90 points and then from there it recovered nearly 50 points.
3. As expected there was institutional selling to the tune of 250 crores.
4. Once again, FIIs sold very little, about 3 crores.
5. Since the markets fell drastically in the last two sessions and did not fall today on close to close basis, VIX has come down by more than 5%.
6. European markets were trading firm.
7. Also once 5980 broken, short covering came and Nifty recovered.
8. Once again our view is that markets should take support from here.
9. 9. Let us see what happens next week.