March 11, 2016
Time: 7.45 pm
Post Market Report:
Time: 7.45 pm
Post Market Report:
- Highly volatile week has come to an end.
- Today also markets were highly volatile.
- Nifty fell nearly 100 points from intraday high then recovered about 90 points only to fall again by 50 points and then recovered.
- Europe has opened firmly in Green after a knee jerk reaction fall yesterday.
- US futures were also positive.
- Only concern now is the DII selling.
- 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.
- Other than this, there is no reason for such a huge selling by DIIs.
- DIIs have sold for Rs 432.81 crores while FIIs have bought for Rs 378.36 crores.
- ITC was up as there was some recommendation to reduce the warning sign from 85% to 50% in cigarette packets.
- Reliance, Infosys, TCS also rose. It is these four stocks that brought the markets down yesterday.
- Markets have consolidated for four days.
- It may consolidate for one or two more days.
- After that markets are likely to break out or break down.
- Breakout will happen if 7550 is crossed and breakdown will happen if 7400 is broken.
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