Post Market Report, September 2, 2014 | Stocks and Commodities

September 2, 2014
Time: 7.15 pm

Post Market Report:

1. In the morning, I mentioned that though markets open lower (SGX Nifty was 20 points lower), towards the end markets will turn positive.
2. It has happened exactly.
3. But the positive momentum was beyond my expectation.
4. I expected Nifty future to face resistance at 8100.
5. But it crossed 8100 without any resistance.
6. Positive open in Europe aided the sentiment.
7. FIIs have bought for Rs 673 crores in cash market.
8. DIIs have sold for Rs 168 crores.
9. Since the markets rose significantly in the last two days, markets are likely to consolidate for next few days.
10. Stiff resistance will there at 8200.