Post Market Report, March 9, 2015 | Stocks and Commodities

March 9, 2015
Time: 7.15 pm

Post Market Report:

1. Markets fell more than expected.
2. It is a knee jerk reaction to US news.
3. Bank Nifty led the fall by falling more than 3%.
4. Banking stocks were followed by Energy and Metal stocks by falling more than 2%.
5. Every one thought FIIs will sell in huge quantities.
6. But surprisingly FIIs have bought for Rs 838 crores in cash market.
7. It is the DIIs who have sold for Rs 35 crores instead of supporting the markets at lower levels.
8. Europe also opened lower in the afternoon and that dragged our markets further.
9. Later Europe has recovered and some European markets are trading positive.
10. After Europe recovery and huge buying figure of FIIs, SGX Nifty is trading about 30 to 40 points higher.
11. FIIs have bought heavily in options markets expecting further fall.
12. Total figure for FIIs in F&O markets is positive.
13. As I have mentioned in the morning, after this huge knee jerk reaction, markets may consolidate around this level.
14. Trading range has shifted from 8800-9200 to 8700-9100.
15. Nifty is not likely to cross 9100 until the end of March and hence on any bounce back one can consider selling 9100 Call option.