Post Market Report, December 24,2014 | Stocks and Commodities

December 24,2014
Time: 7.15 pm

Post Market Report:

1. Once again disappointing close for the markets.
2. From December 5 to December 24, in a matter of 15 trading sessions, Nifty fell more than 600 points and then shot up by more than 350 points and then fell again by nearly 200 points.
3. FIIs continued to sell for the last 13 trading sessions.
4. Today they have sold huge amount of Rs 2808.27 crores.
5. SGX Nifty is down by 30 points after seeing this figure.
6. So markets likely to fall further on Friday if no good news  between now and Friday.
7. The damage was controlled by DII buying of Rs 509.09 crores.
8. Except Banking sector, all other sectors look bearish.
9. So any trend reversal will happen only in January 2015.
10. The premium of 100 points between Nifty December future and January future shows that the downside is limited.
11. Most of the FII selling should have been over after selling over Rs 6000 crores in the last 12 trading sessions.
12. I will write another report about market behavior in January series.