Post Market Report, June 4, 2014 | Stocks and Commodities

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June 4, 2014
Time: 9.30 pm

Post Market Report:

1. Markets closed as expected.
2. It was almost flat close.
3. But Bank Nifty has out performed.
4. FIIs have bought for Rs 192 crores and DIIs have sold equally.
5. Now US markets are trading positive, though they started negative.
6. Nifty is likely to consolidate further in the range of 7400 to 7500.
7. To break 7500, markets need some kind trigger.
8. Only Budget in July will be a big trigger.
9. Bank Nifty future is trading at a discount to spot price.
10. So if there is any small trigger and bank stocks go up, then it will move significantly due to short covering.