Post Market Report, July 22, 2014 | Stocks and Commodities

July 22, 2014
Time: 9.30 pm

Post Market Report:

1. We said in the morning that if Nifty trades firmly above 7720, then next target is 7780.
2. It came close to that.
3. We also said there will be resistance at 7740.
4. Nifty future was trading for most part of the day at round 7740.
5. Only in the late afternoon, markets broke out.
6. We also said that markets are likely to cross all time high either this week or next week.
7. It looks like it will by tomorrow.
8. FIIs have bought for Rs  412 crores.
9. DIIs also bought for Rs 59 crores.
10. Now US markets are trading positive.
11. SGX Nifty is trading above 7800.
12. So if everything goes well, Nifty will make all time high tomorrow.