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

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March 18, 2014
Time: 7.20 pm

Post Market Report:

1. Markets closed as expected though the swing was so wide.
2. After hitting all time high for both Nifty and Sensex, profit booking came.
3. Then Nifty future came to to the support level of 6520, then FII buying came.
4. FIIs have bought for Rs 1012 crores today.
5. But DIIs have sold only for Rs 202 crores.
6. So there is a net buy of 900 crores.
7. Yet Nifty can fall more than 80 points intraday.
8. This shows how high beta is our markets.
9. VIX has also gone up by more than 4%.
10. The more Nifty future consolidates, the faster it will move to 6680 to 6700, once it breaks 6600.
11. Now US markets are trading positive.
12. SGX Nifty is trading about 30 points higher now.
13. So tomorrow there will be one more attempt to cross all time high.
14. SO all bulls out there, enjoy.

Note: Due to unavoidable circumstances, we could not bring the "Mid Market Report" today.