Post Market Report, March 11, 2016 | Stocks and Commodities

March 11, 2016
Time: 7.45 pm

Post Market Report:

1. Highly volatile week has come to an end.
2. Today also markets were highly volatile.
3. Nifty fell nearly 100 points from intraday high then recovered about 90 points only to fall again by 50 points and then recovered.
4. Europe has opened firmly in Green after a knee jerk reaction fall yesterday.
5. US futures were also positive.
6. Only concern now is the DII selling.
7. What I suspect, Govt. may come out with another share sale, so LIC keep selling the shares to raise the money to bail out Govt. share sale.
8. Other than this, there is no reason for such a huge selling by DIIs.
9. DIIs have sold for Rs 432.81 crores while FIIs have bought for Rs 378.36 crores.
10. ITC was up as there was some recommendation to reduce the warning sign from 85% to 50% in cigarette packets.
11. Reliance, Infosys, TCS also rose. It is these four stocks that brought the markets down yesterday.
12. Markets have consolidated for four days.
13. It may consolidate for one or two more days.
14. After that markets are likely to break out or break down.
15. Breakout will happen if 7550 is crossed and breakdown will happen if 7400 is broken.