Post Market Report, October 29, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 29, 2013
Time: 9.45 pm

Post Market Report:

1. We have been giving bullish view of the markets.
2. Last two days markets fell due to RBI uncertainty.
3. Today although there was no positive surprise in RBI policy, the markets shot up.
4. Shorts in the system was so huge so that the volume today was highest on any Tuesday in Indian stock market history.
5. Usually high volumes happen either on the expiry day or the day before.
6. Never before Tuesday experienced this kind of volume.
7. Total turnover was 3.75 lakh crores.
8. We have also reported earlier that if Fed tapering is delayed then Nifty is likely to cross all time high.
9. Thursday market will take this into account.
10. In 2010 also, around Deepavali markets reached its peak.
11. It seems that this year also it will be the same.
12. But beware, there will be meaningful correction once Nifty reaches 6400 to 6500 levels.