Post Market Report, February 13, 2014 | Stocks and Commodities

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February 13, 2014
Time: 9.45 pm

Post Market Report:

1. Today's market was totally disappointing for various reasons.
2. First, Inflation data and IIP data declared yesterday were much better than expected.
3. SGX Nifty started the day at 6146, which was very bullish.
4. There was no big negative news flow, Cipla declared bad results which was actually expected.
5. Yet our markets fell drastically.
6. Surprisingly FIIs have bought for 399 crores.
7. Sometimes markets can fall 4 to 5% without any reason, just by short sellers.
8. US retail sales data was below expectation, so US markets started with negative note, but recovered and now trading slightly positive.
9. Last week our markets out performed other Asian markets, may be that is getting adjusted.
10. So far in February series, Nifty cash closed between 6000 and 6100.
11. If it falls further, then tomorrow will be the break down day and markets will fall towards next support level of 5800.
12. SBI results will make or break the markets tomorrow.