Post Market Report, November 26, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 26, 2013

Time: 6 pm

Post Market Report:

1. Markets consolidated as expected.
2. But Nifty fell more than expected.
3. That is due to FII selling of Rs 339 crores.
4. Today both FIIs and DIIs have sold.
5. This is very bad news, that too very near to expiry.
6. We have to see how US markets close today.
7. There also markets will be cautious ahead of 4 day weekend.
8. Nifty might expire close to 6000 than 6200.
9. Don't be surprised if Nifty breaks the monthly low of 5972 on expiry day.
10. In US if consumer confidence data is good and if US markets rise meaningfully, then things may look up here tomorrow.
11. As of now, it looks bearish.