Post Market Report, December 20, 2013 | Stocks and Commodities

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December 20, 2013
Time: 8.45 pm

Post Market Report:

1. We expected short covering, but did not expect this huge short covering.
2. We also reported that yesterday's fall was a knee jerk reaction to Fed tapering.
3. We have wiped out yesterday's entire loss.
4. Positive trend in Europe markets also helped boost sentiment here.
5. FIIs also have bought for 990 crores in cash market.
6. As usual DIIs have sold for 248 crores.
7. Now US is trading positive.
8. Gold is trading firmly below US$1200.
9. We expect Nifty to expire between 6200 and 6400.
10. We will see what happens next week.