Post Market Report, July 8, 2014 | Stocks and Commodities

July 8, 2014
Time: 8.40 pm

Post Market Report:

1. Nobody expected such a big fall today.
2. Nifty future fell 200 points and Sensex fell 600 points from their intraday highs.
3. This is again typical example of a bull run.
4. In a bull run, people create huge long positions, their stop losses will be triggered once there is a small correction.
5. All these are due to traders who take speculative positions.
6. FIIs did not sell, they actually bought for Rs 423 crores.
7. DIIs have sold for Rs 400 crores.
8. One good thing about today's fall is that we will be going to Budget day without much expectation.
9. Exactly for that reason, volatility fell despite such a huge fall.
10. Markets are likely to consolidate tomorrow.