Post Market Report, January 27, 2014 | Stocks and Commodities

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January 27, 2014
Time: 8.30 pm

Post Market Report:

1. Markets closed as expected.
2. We reported that Nifty will open gap down by 100 points and Nifty should take support at 6150, both happened.
3. Today FIIs have sold for Rs 1334 crores which is very high, highest in January.
4. There was no meaningful support from DIIs. They bought just for Rs 151 crores.
5. So even if US markets close positive and tomorrow Asian markets are positive, still our markets will be in sideways mode due to huge FII selling, market will take direction only after RBI policy announcement at 11 am.
6. But if US markets close negative, then the fall will be seen in the morning itself.
7. The kind of fall, even sectoral indices have fallen 5%, 6% and 7%, market is not likely to recover.
8. Either market will stabilise or it will continue to fall.
9. Tomorrow Nifty future should take support at 6120 until RBI policy announcement.
10. Bank Nifty will be volatile in tomorrow's trade.