Post Market Report, April 29, 2014 | Stocks and Commodities

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April 29, 2014
Time: 9.40 pm

Post Market Report:

1. Markets closed lower than expected.
2. Reduced buying by FII, Fed meeting ahead made traders to book profits.
3. Our markets underperformed other markets.
4. With reports coming in about bad monsoon, Modi rally is fizzling out.
5. At the same time downside seems to be limited.
6. This is evident from the fact that though Nifty December expiry 6000 Put and 7500 Call are equal distant, 7500 Call fell by Rs 70 in the last 5 trading sessions whereas 6000 Put rose just by Rs 10.
7. PSU Banking stocks came under pressure.
8. Metal stocks fell due to disappointing results from Jindal Steel.
9. FIIs have bought for Rs 288 crores and DIIs have sold for Rs 551 crores.
10. Now US markets are trading positive.
11. Nifty future is likely to reclaim 6800 tomorrow, as traders will square off their trades ahead of holiday.
12. Markets will be choppy due to low volume.