Post Market Report, November 27, 2014 | Stocks and Commodities

November 27, 2014
Time: 9 pm

Post Market Report:

1. markets closed as expected.
2. I expected Nifty to expire around 8500.
3. But Bank Nifty cut the yesterday's low and then shot up by short covering.
4. Surprisingly both FIIs and DIIs have bought in the cash market.
5. Usually on the expiry day FIIs will be on the sell side due to arbitrage funds.
6. FIIs have bought for Rs 339.73 crores.
7. DIIs have bought for Rs 336.85 crores.
8. Overseas people are sensing this and Nifty is trading about 30 points higher at SGX.
9. Since the P Note issue has been forgotten by the market and global cues are good, Nifty uptrend may continue.
10. GDP data tomorrow evening and RBI policy next week will be the key news to watch.
11. FM has already intends to meet RBI Governor on Monday (This is usual every time) and he might insists Governor cuts the rates.
12. So the build up will be very strong ahead of RBI policy.