Post Market Report, September 16, 2014 | Stocks and Commodities

September 16, 2014
Time: 8.15 pm

Post Market Report:

1. Much awaited correction has come.
2. Bull market corrections are always 'Fast and Furious'.
3. Even in 2003-2007 bull market, markets corrected more than 10%, 10 times.
4. FIIs have sold for Rs 829 crores.
5. DIIs have bought for Rs 466 crores.
6. Though lower crude price, lower inflation and many more things are in favor of India, Fed raising interest rate, if any, will have major impact on all emerging markets.
7. For medium term, first support is at 7800 and the next support is at 7500.
8. Now US markets are trading positive.
9. SGX Nifty is trading above 7980 which is a very positive sign.
10. From now, sell on rise may work than buy on dips.