Post Market Report, February 18, 2014 | Stocks and Commodities

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February 18, 2014
Time: 6 pm

Post Market Report:

1. Markets shot up by short covering in Banking stocks.
2. Short covering was due to yesterday's huge FII buy figure.
3. As we have reported earlier, Auro Pharma has come under "Ban".
4. But the open interest is around 97.8% and if there is little volatility, next day it should come out out of ban.
5. Europe markets also supported our markets, but later Europe fell.
6. US futures are trading positive now.
7. FIIs have oce again bought today for 292 crores.
8. DIIs have sold for 155 crores.
9. After 12 trading sessions, Nifty spot closed breaking the range of 6000 and 6100.
10. Now 6000 will act as a strong support.