Post Market Report, January 13, 2014 | Stocks and Commodities

January 13, 2014
Time: 9.30 pm

Post Market Report:

1. Markets were more volatile than expected.
2. Bank Nifty fell more than 300 points from intraday high and Nifty fell nearly 100 points from intraday high.
3. Nifty recovered about half of the losses and Bank Nifty also recovered to some extent.
4. The whole of January series is likely to be like this only.
5. Buy those who are buying on dips will be rewarded.
6. I feel that the overall market trend is still bullish, though most technical people are bearish.
7. Surprisingly FIIs are net buyers in cash market and they bought for Rs 235 crores.
8. DIIs also bought for Rs 46 crores.
9. Just after our markets closed, Europe shot up.
10. Now US is also trading about 1.5% higher.
11. SGX Nifty is trading above 8400.
12. Only after Nifty crosses 8400, technical people will come and say market is bullish.
13. So far corporate results are good and if that continues then Nifty is likely to cross all time high again.
14. Tomorrow WPI inflation data ad yes bank results will be watched closely.