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

September 19, 2014
Time: 9 pm

Post Market Report:

1. Markets consolidated as expected.
2. Markets tried to breakout but met with selling.
3. As I said in the morning, it is difficult to breakout without institutional support.
4. Once again institutional buying is pathetic.
5. FIIs have sold for Rs 6.53 crores.
6. DIIs have bought for Rs 237.15 crores.
7. Scotland voted "no" to get out of UK, that lifted the sentiment in Europe markets.
8. Alibaba shares are likely to be listed at US$90 against the issue price of US$68 and that may lift sentiment in US market.
9. With positive global trend on one side and absence of institutional buying on the other side, our markets re not likely to make big moves on either side.
10. So next week will be choppy within a range.