Post Market Report, February 8, 2016 | Stocks and Commodities

February 8, 2016
Time: 7.45 pm

Post Market Report:

1. China markets were closed and hence we thought there will not be much volatility.
2. But today Europe has taken the credit.
3. Markets were in a good position until Europe opened.
4. Then started the volatility.
5. Nifty came down 40 points, then shot up by 50 points then fell more than 150 points all in just 2 hours.
6. Nifty is in a no trade zone between 7250 and 7600.
7. Markets are moving up and down according to global cues.
8. US futures changed from positive 100 points to negative 200 points in just two hours.
9. But it is all F&O trades that bring volatility.
10. At the end of the day, FIIs did not sell much in Cash market.
11. FIIs have sold for Rs 85 crores and DIIs have bought for Rs 279 crores.
12. Surprisingly Nifty 7400 Put and Nifty 7600 Call have the highest open interest among Puts and Calls respectively.
13. Our GDP data came at 7.3 but nobody bothers about it.
14. Once again we will be dancing to the global tunes.
15. Markets may be range bound with high volatility until the budget.