Post Market Report, January 28, 2015 | Stocks and Commodities

January 28, 2015
Time: 9.30 pm

Post Market Report:

1. Markets were highly volatile.
2. Bank Nifty shot up by 400 points then fell by 500 points.
3. Though Bank Nifty fell, PSU Bank index was up. So this is just profit booking in private sector banks.
4. Nifty fell more than 100 points from intraday high.
5. VIX has shot up more than 9%. This is unusual close to the expiry.
6. Surprisingly FIIs have bought for Rs 1723 crores. DIIs have sold for Rs 1293 crores.
7. US markets are trading mixed with Dow down and Nasdaq up as Apple results were excellent.
8. But Greece worry is always there, today Greece markets fell more than to 9% (as of now)
9. By looking at the market set, market is still bullish. Today,s volatility is due to expiry.
10. Feb. futures are trading at a much higher premium shows the bullishness.
11. Tomorrow's expiry depends on factors like how US markets react to Fed announcement, if any, and other expiry related issues.
12. Nifty is likely to settle between 8880 and 8980, a wide range.