Post Market Report, February 17, 2016 | Stocks and Commodities

February 17, 2016
Time: 10 pm

Post Market Report:

1. What a volatile markets?
2. Nifty fell 100 points, then shot by 100 points, then fell 50 points and then shot up by 150 points.
3. A total of 400 points swing in Nifty.
4. Yesterday morning Nifty future was at 7200. Today morning it was at 6967, tomorrow morning it will be again at 7200. (SGX Nifty is trading at 7190 now).
5. It is one of the difficult time for traders.
6. Since Asian markets were up significantly in the last two days, there was some profit booking.
7. Rupee touched a historic low in the morning due to FII outflow.
8. These two affected the sentiment and Nifty fell more than 100 points in the morning.
9. Once Nifty broke 7000, at some point short sellers started short covering then Nifty shot up by 100 points. People have decide to cover their shorts as there was a news that Europe will open firmly in positive despite weakness in Asia.
10. Then again selling came as Crude started falling and that was eventually bought into. 
11. Now US markets are higher, Dow is up by more than 100 points three days in a row, for the first time in 2016.
12. So some positivity is coming to the markets.
13. That is why SGX Nifty is trading at 7190 now.
14. Despite all these, FIIs have sold for Rs 560 crores in Cash market.
15. DIIs have bought for Rs 385 crores.
16. So once again the markets are in a game of short selling and short covering.