Post Market Report, February 5, 2014 | Stocks and Commodities

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February 5, 2014
Time: 6.15 pm

Post Market Report:

1. Markets closed firmly. Nifty spot closed above 6020 is positive.
2. But FIIs have sold for fourth consecutive day.
3. Today FIIs have sold for Rs 576 crores.
4. But DIIs have bought for Rs 815 crores, much more than what FIIs have sold.
5. Once again, markets took support at 200 DMA.
6. As we have reported earlier, with this kind of support from DIIs, people will not like to short the market, so the downside may be limited.
7. At the same time with this kind of selling by FIIs, nobody want to take risk in the market by buying.
8. So the upside is also limited.
9. Global cues will have to improve for our markets to rise.
10. Today ADP Payroll data from US will be key for the global cue.
11. If markets stabilise here, then upward move start in the near future as election fever will start in few weeks.