Post Market Report, September 8, 2014 | Stocks and Commodities

September 8, 2014
Time: 8.15 pm

Post Market Report:

1. Markets were trading in the range that I forecasted.
2. In the afternoon the news came that Brent Crude price fell below US$100.
3. Then markets broke out as I stated yesterday.
4. Bank Nifty has out performed the Nifty as I expected in the morning.
5. Crude oil now trading slightly higher than US$100.
6. FIIs have bought for Rs 1163 crores, third day of more than 1000 crore buy.
7. However DIIs have sold for Rs 508 crores.
8. Now US markets are trading marginally lower.
9. Still SGX Nifty is trading slightly higher than 8200.
10. As long as crude is trading lower, our markets will continue to do well.
11. Correction of 200 to 300 points in Nifty may come anytime.
12. But that needs a trigger.
13. As of now there are no such triggers.