Post Market Report, February 16, 2014 | Stocks and Commodities

February 16, 2014
Time: 7.30 pm

Post Market Report:

1. Today also markets were highly volatile.
2. Few days before I mentioned that Nifty will cross all time high in the coming weeks but Bank Nifty may not cross. (This is a news from my friend)
3. Today Nifty ended positive but bank nifty closed significantly lower.
4. WPI Inflation came negative and that is a good news.
5. Since the Bank Nifty was up more than 1000 points in the last few days, some traders might have chosen to square up the long position ahead of Greece talks.
6. Mid cap index crossed all time high today.
7. If you remove the Banking Stocks then Nifty also crossed all time high today.
8. So there is every possibility that Nifty will cross all time high by this week or next week if Greece issue is settled amicably.
9. Today FIIs have sold for Rs 183 crores and DIIs have bought for Rs 281 crores.
10. Today US markets are closed. European markets are trading flat ahead of Greece talks.