Post Market Report, January 14, 2014 | Stocks and Commodities

January 14, 2014
Time: 8 pm

Post Market Report:

1. Once again huge volatile trade today.
2. Not only in India, it is the same everywhere.
3. German DAX opened positive, then fell 150 points, then recovered the entire loss and again fell more than 150 points as of now.
4. ITC brought the markets down as there will be restrictions in cigar selling.
5. Then copper fell nearly 9% in the overseas markets and that brought the entire metal sector down.
6. Major copper producer Sesa Sterlite fell more than 8%.
7. Bank Nifty, as usual, was very volatile.
8. Implied volatility is very high now.
9. If there is no petrol and diesel price cut tonight, then Auto sector will also fall tomorrow.
10. Except Auto and IT sector, all other sectors fell. Auto rose due to the expectation of petrol price cut and IT rose ahead of TCS results tomorrow.
11. FIIs have sold for Rs 70 crores and DIIs have sold for Rs 224 crores in cash market.
12. US retail sales data came negative and JP Morgan results were below estimate.
13. So US is likely to fall further, fourth day of straight fall.
14. Panic will set in if Nifty falls below 8200.
15. If Nifty breaks 8200, then markets are likely to fall significantly, if Nifty rises above 8400, then only bullish trend will return.