Post Market Report, August 19, 2014 | Stocks and Commodities

August 19, 2014
Time: 6.20 pm

Post Market Report:

1. I could not write 'Pre Market Report' as I had Sun TV Program today morning.
2. But it is expected that markets will consolidate today with positive bias.
3. Indian crude oil basket is trading closer to $100.
4. There was a news that by October, diesel price will be deregulated.
5. Also by October, Gas price will be hiked.
6. So energy sector is bound to do well.
7. FIIs have bought for Rs 559 crores.
8. DIIs have sold for Rs 263 crores.
9. Markets are likely to consolidate few more days.
10. Yesterday, there was no premium for Nifty future.
11. But today, there is 10 point premium.
12. If Nifty trades firmly above 7920, then the next target will be 8000.
13. That target should be achieved by the end of this expiry.