Post Market Report, November 7, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 7, 2013
Time: 7 pm

Post Market Report:

1. Markets bounced back nicely in the afternoon.
2. Suddenly the news from S&P came and markets started falling.
3. In the morning we reported that due to ECB interest rate decision, US GDP and US unemployment report today and tomorrow, markets are not likely to break out.
4. But it bounced back and fell more than the bounce.
5. FIIs bought for 479 crores after two days of less than 200 crores of buy.
6. But DIIs continue to sell aggressively and they have sold for 715 crores today.
7. So the markets may continue to consolidate for one or two more days.
8. Tomorrow's markets will also be volatile due to results from PNB, DLF, Mcdowell, Indian Bank, City Union Bank, etc.
9. But Friday afternoon markets wil be difficult to predict.
10. We will see whether markets breakout tomorrow afternoon.