Post Market Report, November 25, 2014 | Stocks and Commodities

November 25, 2014
Time: 10 pm

Post Market Report:

1. Markets fell drastically, particularly rate sensitives.
2. Only then the news came that P Notes are being restricted by SEBI.
3. Every time this P Note issue comes, markets fall drastically.
4. So depending on how FIIs view this, markets will go for a very good correction of 300 to 400 points in Nifty.
5. But FIIs bought heavily in cash market for Rs 1168.94 crores.
6. But DIIs have sold for Rs 732.12 crores.
7. Despite such a huge buying by FIIs and positive global cues, SGX Nifty has broken today's intraday low of 8437.
8. As of now things look very bearish.
9. On top of this P Note issue, ITC fell nearly 7% intraday due to the cigarette issue.
10. If tomorrow markets fall more than 50 points in Nifty then the Nifty is headed towards 8200.
11. That is the support level for Nifty.
12. Positive global cues, continued FII buying in cash market, interest rate cut by RBI (if any) may change the things.