Post Market Report, February 4, 2015 | Stocks and Commodities

February 4, 2015
Time: 8.45 pm

Post Market Report:

1. Another day of high volatile trade.
2. Nobody expected 90 points intraday fall in Nifty today.
3. Not only that, Nifty rose again and fell again.
4. Bank Nifty fell nearly 300 points in the last 35 minutes.
5. But FIIs did not sell much in cash market. In fact today's selling figure was lowest in the last few days at just Rs 84 crores.
6. DIIs have sold for Rs 72 crores.
7. Axis Bank fell 10% in two trading sessions.
8. Bank Nifty has fallen more than 8% in the last few days.
9. The fall was fast and furious.
10. Europe markets did not lend any support to our markets.
11. This kind of up and down many times intraday is the sign that either market is at the bottom or at the top.
12. We can reasonably assume that the market bottom is very near.
13. Markets may consolidate around this level and then may move higher.
14. The uptrend may resume only next week, after Delhi election results.
15. SGX Nifty is trading higher at 8800 now, so if everything goes well, tomorrow we will start with 30 to 40 points up.