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Post Market Report, March 19, 2014

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March 19, 2014
8 comments
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March 19, 2014
Time: 7.45 pm

Post Market Report:

  1. Nifty future closed absolutely flat, Nifty was up by 7 points.
  2. Today's lackluster performance is due to TCS.
  3. ONGC and M&M also fell.
  4. Banking stocks did well.
  5. Today FIIs have bought once again for more than 1000 crores.
  6. FIIs have bought for Rs 1070 crores and DIIs have sold for Rs 611 crores.
  7. US markets are almost flat as of now.
  8. Fed announcement at 11.30 pm will decide the later part of US markets.
  9. We have to see how our markets open tomorrow.
  10. We feel that ultimately markets will breakout and expiry next week will be between 6780 and 6820.


Written By

Options Trader and Trainer

Comments

  1. Unknown19 March 2014 at 22:06

    Why DIIS Selling too much

    ReplyDelete
  2. P R Sundar19 March 2014 at 22:41

    It is because of redemption pressure by retail people. In 2003, Sensex was at 3000. No retail people came to market. In 2007, Sensex was at 21000. Everyday about 35000 new investors came to market and bought all the shares at very high prices. From 2008 to 2014, markets have not gone up even 1%. Retail people all loose patience and exit. After that Sensex will zoom to 50000 to 60000 in two to three years time. Until then nobody will come to market. Only when Sensex reaches 50000 and 60000 only everybody will come. This is a cycle where all retail investors will loose money.

    ReplyDelete
  3. Unknown19 March 2014 at 22:46

    . Thanks. I thought DIIS are booking partial profit and want to keep some cash in hand for entering lower levels if market corrects sharply

    ReplyDelete
  4. Unknown20 March 2014 at 15:46

    This is link to check FII, DII activity monthly wise.

    http://www.moneycontrol.com/stocks/marketstats/fii_dii_activity/

    FII net investment - 141,482.98 CR ; DII net investment - 3,738.33 CR till FEB 2014. DII's bought most during November 2007- January 2008 and again Aug-Dec 2011. It's wrong assumption that only FII's are earning. Even ppl like Rakesh Jhunjhunwala and many unknown names do earn.

    ReplyDelete
  5. P R Sundar20 March 2014 at 21:29

    I do agree, I am not saying 100% of retail people loose. About 95% of people loose. People like Rakesh making money is not a big deal as with their financial muscle power, they can move the scripts. How about small investors? I also invested in Sundaram Mutual fund (ELSS scheme), 4 years before, so far they have given only 15% dividend once, so I got less than 4% per annum return. Had I invested in Bank FD, I would have got better return. Their NAV has not changed.

    ReplyDelete
  6. P R Sundar20 March 2014 at 21:50

    Joke: There are three types of lies. One ordinary lie, second white lie, third statistics.
    Sometimes statistics can be misleading. One day I saw DIIs buy figure as Rs 4500 crores. Actually that day DIIs have sold for Rs 500 crores. Since LIC bought Rs 5000 crores worth of shares from Govt. of India, including this the buy figure came at Rs 4500 crores. Since Govt. of India is not a DII, its sell figure was not reflected in DIIs figure. This Rs 4500 crores of LIC buy is a forced buy by Govt. of India. The same way once LIC invested about Rs 40000 crores in ONGC. So don't just blindly follow figures.

    ReplyDelete
  7. Unknown20 March 2014 at 21:56

    DIIS keep cash in hand for buying in sharp correction like 2008 and 2009. Also there will be govt pressure to buy at bottoms to support the market

    ReplyDelete
  8. P R Sundar21 March 2014 at 09:03

    If your argument is right that DIIs buy at the bottom and sell at the peak, then mutual funds should give very good returns. Most mutual funds are not even giving bank FD returns. Again how do you say that this is peak, if Nifty shoots up to 8000 in few months then this 6500 is bottom not the peak. Only this uncertainty makes the market dynamic.

    ReplyDelete

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