Post Market Report, September 17, 2014 | Stocks and Commodities

September 17, 2014
Time: 7.30 am

Post Market Report:

1. I could not bring "Pre Market Report" as I had to go to SUN TV program.
2. Thanks to China stimulus, Asian markets recovered from multi year loosing streak.
3. Our markets did not recover much as Bank Nifty did not do well.
4. Nifty was up by more than 0.5% but Bank Nifty was down slightly.
5. FIIs have bought for Rs 136 crores.
6. DIIs have sold for Rs 161 crores.
7. All these are irrelevant, only Fed announcement is important.
8. Announcement will be at 11.30 pm and then US markets will react to the Fed statement.
9. Tomorrow either it will be gap up or gap down.
10. If it is gap up, then it may be 30 to 40 points.
11. But if it is gap down, it may be severe.
12. As of now US markets are trading flat with positive bias.