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

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July 4, 2014
Time: 6 pm

Post Market Report:

1. I could not bring 'Mid Market Report' as I had to go for a marriage function.
2. We expected Nifty future to find support at 7720.
3. But it fell much below that level.
4. But in the afternoon, Nifty has recovered more than it had lost in the morning.
5. This happens in a typical bull market rally.
6. It is a trap for bears, short sellers would have lost heavily.
7. I remember the saying "Stock Market is a place where money from less informed people moves systematically to more informed people.
8. I did not understand why the markets fell in the morning when everything was positive like global cues, FII data, Manufacturing and Services PMI data, RBI action with regards to Gold and ODI, Revival in Monsoon, Politica news regarding GST, etc.
9. Without actually looking into fundamentals, short sellers sell whenever Nifty falls by one percent and then being trapped while markets reverses.
10. FIIs have bought for Rs 943 crores, an impressive figure again.
11. DIIs have sold for Rs 853 crores, reason for morning fall.
12. Europe is flat and US markets are closed.
13. The real action will begin next week.
14. Let us see what happens.