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

December 8, 2014
Time: 7.30 pm

Post Market Report:

1. Markets fell more than expected.
2. Though IT index was lower, other sectoral indices were positive until noon.
3. Then came selling across the board and Nifty fell more than 100 points.
4. FIIs have bought for Rs 4884.60 crores and DIIs have bought for Rs 1030.65 crores.
5. But we have to ignore these figures as major part of this is from buying of Infosys shares.
6. Europe opened lower and that also affected the sentiment here.
7. US futures are also trading lower.
8. If today's fall is the trend reversal, then Nifty is likely to fall to 8200.
9. Since Nifty has shot up from 7800 to 8600 without any correction, any correction will bring Nifty to 8200 which is another 250 points from today's close.
10. This correction may not be very fast but may happen during next few weeks.