Stock Market Today by Shailesh Saraf – 14th June 2016

The Indian Markets are slated to open gap down by 20 points at 8110, as per SGX Nifty at 8.15 am. FII and PRO combined have sold 1.44 Cr shares in the Index options in last 4 days. This above average selling indicates the panic affecting our Markets. If the Markets trade below the low of 8060, which is 2 weeks low, the short term trend will turn to sell.

International Markets have collapsed as many as 3 surveys are indicating a higher probability of BREXIT. The latest polls by "The SUN", UK's largest circulated daily, shows 55% people voting for the leave campaign. This nervousness is bound to continue till 23rd June, when the Referendum takes place. Dax has touched its one month low falling 500 points in the past one week. The Asian Markets are reflecting the same mood this morning. Markets would now be keenly eyeing the FED policy decision due tomorrow night at 11:30 PM IST.

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