Post Market Report, November 28, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

November 28, 2013
Time: 6 pm

Post Market Report:

1. Markets closed as expected.
2. We reported in the afternoon that Nifty is expected to expire between 6080 and 6120.
3. We expected Nifty to close at the higher end, but closed at the lower end.
4. It will be difficult to predict the market on the expiry day.
5. After 2.30, Nifty fell by 30 points and then bounced back.
6. There is a huge difference of 70 points between November Nifty future and December Nifty future.
7. This shows the bullishness.
8. Surprisingly both FIIs and DIIs have bought in cash market today.
9. Today is a holiday in US and our markets are expected to be sideways tomorrow.
10. Tomorrow evening, GDP data will be declared after our markets close, so markets will react to the GDP news only on Monday.