Post Market Report, December 12, 2013 | Stocks and Commodities

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December 12, 2013
Time: 9 pm

Post Market Report:

1. Markets fell in the last one hour.
2. Traders were nervous about IIP data and Inflation data.
3. As per their expectation, both data came very bad after our markets closed.
4. IIP data came at -1.9% and inflation also was much higher than expected.
5. So RBI will hike interest rate and banking stocks will take beating again tomorrow.
6. FIIs have bought for Rs 187 crores in cash market.
7. DIIs have sold for Rs 355 crores in cash market.
8. Global markets are also falling due to fed tapering issue.
9. Fed Tapering issue is being priced in the markets.
10. That is actually good.
11. Even if there is Fed Tapering announcement on 18th December, since markets have already fallen, they will not fall much after the announcement.
12. On the other hand, if there is no Fed Tapering announcement, then markets all over the world will go for "Santa Claus Rally"
13. Now US markets are trading mixed.
14. Nifty should take support at 6200 as the maximum open interest is there at that level.
15. We will see whether markets bottom out tomorrow.