Post Market Report, August 6, 2014 | Stocks and Commodities

August 6, 2014
Time: 7 pm

Post Market Report:

1. Disappointing close for the markets today.
2. In the afternoon, markets fell more due to bad European cues.
3. In the morning, I mentioned that due to absence of FII buying, markets may be under pressure.
4. I thought Nifty future will take support at 7720.
5. But it fell to 7680.
6. If the correction continues, Nifty future may fall to 7580 to 7620 levels.
7. Banking stocks were very weak.
8. Surprisingly both FIIs and DIIs have bought.
9. FIIs have bought for Rs 284 crores and DIIs have bought for just Rs 33 crores.
10. US markets are likely to open lower.
11. Tomorrow also our markets may be under pressure.