Post Market Report, July 2, 2014 | Stocks and Commodities

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July 2, 2014
Time: 7 pm

Post Market Report:

1. Markets closed as expected.
2. We reported in the 'Mid Market Report' that Nifty future will find resistance at 7760.
3. It touched a high of 7758.90, just 1 point below our levels.
4. Europe was trading positive and that supported our market.
5. Also DII selling was not visible.
6. FIIs have bought for Rs 1291 crores.
7. DIIs have sold for Rs 407 crores.
8. Today is the day of MNC counters.
9. This is a sign of typical bull market sector rotation.
10. ADP Non Farm Pay Roll data came much better than expected from US.
11. So barring unforeseen circumstances, rally is likely to continue.