Post Market Report, January 19, 2014 | Stocks and Commodities

January 19, 2014
Time: 8 pm

Post Market Report:

1. Markets traded within a range without volatility for second day.
2. China markets fell by about 8%.
3. Still that is taken as internal issue of China and except Hong Kong market, no market reacted to this fall.
4. As I have mentioned, Reliance was up despite not so good result and HUL fell despite reasonably good results.
5. HUL 1020 Call option which sold for Rs 6 closed at Rs 1.30.
6. Europe is trading firmly in Green.
7. US markets are closed today and so there will be no gap up or gap down tomorrow.
8. FIIs have bought for Rs 434 crores and DIIs have sold for Rs 238 crores.
9. Despite markets trading without volatility, India VIX is up due to two reasons. One since Nifty is trading closer to all time high, people expect a correction or break out, a significant move either side. Second, ECB on Thursday and Election in Greece on Sunday.
10. So markets may be rangebound for next one or two days and then markets will become volatile.