Post Market Report, March 1, 2016 | Stocks and Commodities

March 1, 2016
Time: 7.45 pm

Post Market Report:

1. Since Jan 1, our markets kept going down.
2. January and February were the worst months.
3. FIIs have sold about 5.2 billion in all the emerging markets of which half of the selling was in India.
4. But today things have changed so suddenly, ITC shot up in the first few minutes and then all the way the markets were up.
5. This kind of huge rally was not seen in the last 7 years.
6. In May 2009, just after election, markets opened gap up by 10% and it was not tradable.
7. But today is the next highest rise in Nifty but it was gradual and tradable.
8. Technical people have been telling that markets will be bullish if Nifty crosses 7250.
9. But today Nifty future closed around 7240 and tomorrow it is sure to cross 7250.
10. SGX Nifty has already hit a high of 7265.
11. Earlier I have written that markets may show the same trend as 2011.
12. In 2011 also, markets kept on falling from Jan 1 until budget, then recovered and shot up more than 10% from the budget day.
13. If the history is to repeat, then Nifty may move to the level of 7700-7800 in the next 4 to 6 weeks.
14. FIIs have bought for Rs 2913 crores in Cash market. Yesterday only they sold for highest amount and today they have bought for the highest amount in 2016.
15. DIIs have sold for Rs 835 crores in Cash market.
16. So our markets will stabilise and may move higher as long as global cues are good.