Post Market Report, January 29, 2014 | Stocks and Commodities

Sponsored by

January 29, 2014
Time: 10.15 pm

Post Market Report:

1. We thought Nifty will take support at 6140.
2. But it fell and took support at 6120.
3. In the late afternoon, suddenly Turkish Lira started loosing its value by about 4% and hence Europe markets started falling.
4. German Index DAX fell by more than 300 points from the afternoon high.
5. Dow futures quickly turned negative from positive.
6. So the sudden selling came here also.
7. So our markets fell continuously for 4 days.
8. Now US markets are trading negative, Dow has fallen by more than 100 points.
9. But tomorrows market movement will be decided by Fed news.
10. Though every one is expecting Fed tapering by another 10 billion, we feel that there will be no further tapering, the status quo will be maintained.
11. By 12.30 pm we will know the results.