Post Market Report, February 2, 2015 | Stocks and Commodities

February 2, 2015
Time: 7 pm

Post Market Report:

1. In the morning I mentioned that there may be some kind of short covering in Bank Nifty (Point Number 6 in 'Pre Market Report'), it has happened today and Bank Nifty shot up 450 points from intraday low.
2. Nifty also traded in the range predicted in the morning, after a long time my prediction was right.
3. These positive things happened despite selling by institutions.
4. FIIs have sold for Rs 630 crores and DIIs have sold for Rs 224 crores.
5. I sold Adani Ent. 720 call and HCL Tech 2100 call instead of 700 and 2000 calls I mentioned in the morning as both stocks shot up.
6. Correspondingly I sold HCL Tech 1700 Put and Adani Ent. 600 Put.
7. India Manufacturing PMI came lower than expected.
8. Europe has opened slightly higher and that supported our markets.
9. Axis Bank hit all time high and the star of today's trade.
10. US futures are trading marginally up and SGX Nifty is also marginally up.
11. So if everything goes well, tomorrow we may open slightly positive and then RBI policy and PNB results will decide the trend.