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

July 28, 2014
Time: 6.30 pm

Post Market Report:

1. It was a disappointing close today.
2. I expected the Nifty to take support at 7760.
3. But it took support at 7720, the level I mentioned for the end of expiry.
4. There is no selling by FIIs.
5. But the buying has slowed down.
6. So short sellers are using this opportunity to bring the markets down.
7. Today FIIs have bought for Rs 75 crores and DIIs have bought for Rs55 crores.
8. BOB, HUL and L&T declared better than expected results.
9. Still our markets fell.
10. My view remains the same for expiry, Nifty is expected to expire between 7720 and 7880.