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

March 2, 2015
Time: 6.15 pm

Post Market Report:

1. I could not write 'Pre Market Report' today morning as I was too tired due to my journey.
2. I did not notice that China cut interest rate on Saturday.
3. So most Asian markets were firm.
4. Nifty build on to the gain it made on Saturday.
5. Nifty future was trading above and below 9000 but closed above 9000.
6. India VIX fell more than 6% taking the total fall to more than 20% in the last two trading sessions.
7. Despite Nifty rising by about 55 points, all the call options above 9100 fell.
8. Put options fell drastically.
9. So as far as the markets are concerned, Budget has become slightly positive.
10. So markets may consolidate in the near future.
11. Today's trade was similar to Satyrday trade with ITC falling and Axis Bank rising equally.
12. ITC wiped out more than 100 points in Nifty in the last two trading sessions, otherwise Nifty would have comfortably trading at all time high by now.
13. FIIs have bought for Rs 425 crores and DIIs have bought for Rs 180 crores.
14. FII buy figure is not that great and that tels us that our markets may consolidate with plus or minus 200 points in Nifty.
15. Bank Nifty is rising just because of Private Sector Banks and PSU Banks actually fell today, though marginally.
16. There is secular rally with some sectors up and some sectors down.
17. But mid cap and small cap indices hit all time high.
18. So stock specific action is likely to continue.