Post Market Report, July 16, 2014 | Stocks and Commodities

July 16, 2014
Time: 8 pm

Post Market Report:

1. We mentioned in the morning that RBI measures are very good for banking stocks.
2. Bank Nifty has shot up nearly 1000 since yesterday morning.
3. But we did not expect this kind of short covering and fresh buying today.
4. Europe opened firmly in green and that aided our markets in the afternoon.
5. FIIs have bought for 622 crores after selling more than 1000 crores in the last three days.
6. DIIs have sold for Rs 48 crores after buying for Rs 470 crores yesterday.
7. VIX has fallen below 15.
8. US markets are also trading in Green.
9. Momentum is likely to continue tomorrow.
10. Nifty future may trade in the range of 7680 to 7720 for next few days.