Post Market Report, January 27, 2016 | Stocks and Commodities

January 27, 2016
Time: 7.30 pm

Post Market Report:

1. Markets were highly volatile.
2. Yet interestingly Nifty closed at 7437 exactly same as Jan 15 closing.
3. In the mean time, all option buyers from Jan. 15, would have lost heavily.
4. Markets were flat since morning and then around 12 noon, China markets erased the 3% loss, then our markets also shot up. 
5. Then profit booking came as both Europe and US futures turned negative.
6. Finally markets closed almost flat.
7. Surprisingly PSU Banks did well today.
8. FIIs have sold for Rs 367 crores in Cash market.
9. DIIs have bought for Rs 500 crores in Cash market.
10. Nifty 7400 Put has the highest open interest among Puts and Nifty 7500 Call has the highest open interest among Calls.
11. So Nifty is likely to expire between 7380 and 7520, depending on how markets move in the last one hour.
12. As I am writing this blog, Europe has recovered a little and some markets are trading in Green.
13. After this recovery in Europe and after seeing not much of selling in Cash market by FIIs, SGX Nifty is trading above 7450.
14. So we should be happy if Nifty expires between 7480 - 7520 level.
15. The disturbing factor is that Bank Nifty trades at discount and Feb. future trading at a discount to Jan. future.
16. So people are ultra bearish in Feb. series and hence we may expect good short covering in the last one hour tomorrow.
17. Tonight Fed announcement will be an important factor to watch.
18. Anyway Fed never disappoints the markets.
19. So there may be some gap up tomorrow morning and then expiry related issues will take over the markets.
20. It will be an interesting expiry tomorrow.