Post Market Report, April11, 2014 | Stocks and Commodities

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April11, 2014

Post Market Report:

1. Markets closed as expected.
2. Nifty future traded between 6780 and 6820 for most part of the day.
3. Nifty future closed half way between the range we suggested.
4. After the markets close, IIP data came at -1.9 which is very disappointing.
5. But this may be viewed positively by the market.
6. Bad IIP data will make sure that interest rates do not go up, bad IIP data will reinforce the need to prop up the economy and that may lead to more support for stable government and hence BJP is likely to do even better.
7. Generally people think it is because of Congress Govt., all these economic problems have come.
8. US markets continued to bleed.
9. Yet SGX Nifty did not fall much.
10. Tuesday morning, our markets open will be decided by Infosys results and global cues on Monday.
11. Infosys has already corrected from 3800 to 3200 and hence bad result has already been priced in.
12. Infosys has the habbit of under promising and over delivering.
13. In case if the results are good, Infosys share will rise by 4 to 5% by short covering.
14. So fingers crossed until Tuesday morning 9 am.