Post Market Report, December 11, 2014 | Stocks and Commodities

December 11, 2014
Time: 9.45 pm

Post Market Report:

1. Markets fell more than expected.
2. Nifty took support at 38.2% Fibonacci retracement at 8280.
3. This is a very good support zone.
4. If this support is broken, then the next big support is at 8200.
5. That was the previous high when Nifty traveled from 7500 to 8200 before correcting to 7800.
6. Bank Nifty fell 300 points from morning high, then recovered entire 300 points fall and again fell about 100 points.
7. Markets are volatile not only in India, in other parts of the world also.
8. Yesterday Dow fell more than 250 points, today right now, it is up by more than 200 points.
9. FIIs have sold heavily and they have sold for Rs 808 crores in cash market.
10. However DIIs have bought for Rs 432 crores after selling more than 500 crores yesterday.
11. Tomorrow afternoon trade will be very interesting ahead of weekend.
12. Be ready for roller coaster ride again.