Post Market Report, September 1, 2014 | Stocks and Commodities

September 1, 2014
Time: 7 pm

Post Market Report:

1. I could not write the "Pre Market Report" today morning.
2. But enough was written yesterday in "Dalal Street Week Ahead".
3. The markets moved as expected.
4. There seems to be more strength after crossing 8000.
5. Profit booking may not come immediately.
6. Profit booking may come after rising another 100 to 200 points.
7. FIIs have bought for Rs 554 crores. Good amount of buying is as expected.
8. DIIs have sold equally for Rs 562 crores, which is also expected.
9. Markets are likely to consolidate in the range of 8080 to 8120 for next few days.
10. Bank Nifty is likely to face resistance around 16500.
11. Europe and US are trading almost flat.