Post Market Report, January 23, 2014 | Stocks and Commodities

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January 23, 2014
Time: 7.45 pm

Post Market Report:

1. Marketsclosed as expected.
2. We reported earlier that Nifty will swing between plus and minus 30 points only.
3. It closed only 7 points higher.
4. VIX has also come down.
5. Option premiums are falling.
6. Bank Nifty is not making any big move.
7. Our market has once again out performed other markets.
8. Most Asian markets are down and most European markets are also down.
9. US futures are also down.
10. Yet our markets closed positive.
11. FIIs have bought for 434 crores, significant amount after a long time.
12. DIIs have sold for 394 crores.
13. Tomorrow also markets are expected to be sideways only.
14. But tomorrow afternoon trade is difficult to predict. Either market can breakout and Nifty will close at all time high or there can be some profit booking.