Post Market Report, November 10, 2015 | Stocks and Commodities

November 10, 2015
Time: 6.30 pm

Post Market Report:

1. Another day of fall as I have mentioned in the morning.
2. But today's fall is the worst fall in the last two weeks.
3. Markets fell in the last one hour.
4. Eerybody expected a severe fall yesterday, but markets fell severely today.
5. Nifty has closed at the low end of the day.
6. 7780 is a very important support, if markets do not take support here then the possibility of new low below 7500 is very high in December series.
7. Highest open interest among Puts is shifted to 7700 and today about 14 lakh shares added in the open interest.
8. Highest open interest among Calls is at 8200, but about 14 lakh shares added in the open interest of 8000 Call option.
9. So we can expect the range of 7700 - 8000 for next few days.
10. But Friday's trade is very important because of two days of global cues will affect the markets as well as IIP and Inflation data.
11. Dr Reddy fell nearly Rs 1000 in three days.
12. Pharma index was very weak with Sun Pharma hitting 52 week low.
13. Today's selling was broad based, Reliance, Infosys and ITC, the three index heavy weights fell.
14. The only shining star was the Auto Sector.
15. FII and DII buying or selling data is not out until now.
16. But surely there will be huge selling by FIIs.
17. Now markets will start worrying about Fed rate hike.
18. Once Parliament session starts, markets will be under pressure as there will be lot of commotion.
19. So the picture is not looking good right now.
20. So those who are long, it is time to be very careful.