Post Market Report, February 6, 2014 | Stocks and Commodities

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February 6, 2014
Time: 7 pm

Post Market Report:

1. Morning fall of more than 90 points from the high was not expected.
2. In afternoon, Nifty future has recovered about 75 points from the low. This was also not expected.
3. Once again Nifty took support at 200 DMA.
4. But visiting 200 DMA many times is not a good sign.
5. Markets should recover by 50 to 100 points in the next two to three trading sessions.
6. Otherwise, chances of market break down is very high.
7. Today FIIs have bought for 10 crores.
8. Though it is not a significant amount, we are happy that they have stopped selling.
9. Yesterday Exchanges reported that FIIs have sold for Rs 576 crores, but today SEBI reported that FIIs have actually bought for Rs 80 crores.
10. Exchanges report only provisional figures which are subject to change, but the difference is so wide.
11. Tomorrow GDP estimate from India and US unemployment data will dictate the market trend.