Post Market Report, January 28, 2014 | Stocks and Commodities

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January 28, 2014
Time: 10 pm

Post Market Report:

1. Markets closed as expected.
2. We said in the Mid Market Report that Nifty should take support at 6120 and will close below 6160.
3. VIX has fallen by more than 5% and that is good.
4. Despite Nifty closing 9 points lower, Put option premiums have come down.
5. FIIs have once again sold in huge quantities, they sold shares worth Rs 1267 crores.
6. But the difference today is that DIIs have bought equally.
7. Emerging markets currency depreciation has been factored in and now RBI policy also has been factored in.
8. We still have one more very important event, Fed tapering news which will be out by tomorrow night.
9. Now US markets are trading firmly in positive territory despite disappointing results from Apple.
10. So tomorrow Asian markets are likely to trade positive.
11. Tomorrow Nifty should trade between 6120 and 6180.
12. ICICI will declare results tomorrow which will affect Bank Nifty.