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

November 26, 2015
Time: 5.45 pm

Post Market Report:

1. It was an expiry without any nasty surprises.
2. Nifty expired around 7880, giving profits for all those who sold Call options of 7900 and above strikes.
3. August expiry was around 7900 and after 3 months Nifty has expired around the same level.
4. August expiry for Bank Nifty was around 17200 and today it expired around 17000. 
5. So for the last three months, markets have not gone anywhere.
6. Dr Reddy was the worst performer in this series. It has lost more than 25%.
7. FIIs have sold for Rs 398 crores.
8. DIIs have bought for Rs 949 crores.
9. But we have to ignore the expiry day due to Cash-F&O square up trades.
10. Europe opened firmly positive and that helped our markets.
11. Since the markets have been moving on sideways for the last three months ad December is a 5 week month, option sellers will have tough time in making money.
12. Depending on whether GST bill is passed or not, markets are likely to make big moves.
13. If GST bill is passed, Nifty is likely to move 300 to points higher, as long as global cues do not spoil the sentiment.
14. If GST bill is not passed, Nifty is likely to retest 7550.
15. So December is a long expiry with GST bill, RBI policy meeting, Fed meeting, ECB meeting and usual data like IIP data, PMI data, Inflation data, etc.
16. So be ready for a roller coaster ride in December.