Post Market Report, November 13, 2015 | Stocks and Commodities

November 13, 2015
Time: 7.45 pm

Post Market Report:

1. Another day of fall, with this our markets are falling for the last three weeks.
2. In between, just one day Nifty was up by 15 points. (I am excluding the Muhurat Trading)
3. All sectoral indices fell except Metal index.
4. Metal index was marginally up due to short covering in Jindal Steel ahead of its results.
5. FIIs have sold heavily once again for Rs 746.7 crores.
6. But DIIs did not support the markets, they just bought for Rs 70.89 crores.
7. Surprisingly Bank Nifty did not fall much due to the strength in PSU Banks and Axis and Kotak Bank.
8. Since Banking stocks have one third weightage in Nifty, the fall in Nifty was not that severe.
9. If not for Bank Nifty, by this time Nifty would have broken September low.
10. Markets are so bearish that Put Call ration is just below 0.75.
11. This means that more Calls are sold compared to Puts.
12. The RSI is also below 30 which shows that markets are in oversold region.
13. But Global cues continue to be weak and if there is any positive news flow then short covering may set in.
14. But as of now, there seems to be no good news in the near future.
15. Nifty is just 200 points away from September low but Bank Nifty is about 1200 points from its September low.
16. So we have to see whether Bank Nifty is going to pull the Nifty up or Nifty is going to bring the Bank Nifty down.
17. We also have to see how the Friday the 13th sentiment affects the US markets today.