Post Market Report, October 26, 2015 | Stocks and Commodities

October 26, 2015
Time: 5.45 pm

Post Market Report:

1. In the morning I mentioned "There will be no fire works after the gap up opening" and "There will be intraday fall of 40 to 50 points"
2. That became true, there was consistent selling pressure since morning.
3. In fact Nifty fell more than expected.
4. Both Bharti and HDFC fell after the results.
5. Axis Bank and Yes Bank fell ahead of their results.
6. Bank Nifty was under pressure since morning.
7. The news of earthquake was another dampener.
8. Despite all these, FIIs have bought for Rs 725 crores in cash market.
9. DIIs have sold for Rs 531 crores in cash market.
10. Highest open interest among Puts is at 8200 and among Call is at 8300.
11. This shows that the range is very tight until expiry.
12. I still expect the expiry between 8180 and 8380.
13. India VIX was up by more than 6% and that is actually not good near the expiry.
14. China rate cut has become a non event, even Hong Kong fell.
15. Europe was mixed and US futures are slightly lower.
16. This expiry will be choppy due to Fed meeting.