Post Market Report, August 21, 2014 | Stocks and Commodities

August 21, 2014
Time: 7.30 pm

Post Market Report:

1. Markets consolidated as expected.
2. But today, Nifty future overshot the range that we mentioned in the morning.
3. This is a clear indication that markets are likely to break out on the higher side.
4. Nifty future touching 8000 is a very possibility now.
5. It may happen either tomorrow afternoon or sometimes next week.
6. If it happens tomorrow afternoon, then the markets will have more strength.
7. If that happens in the first two days of next week, then one more wave of selling will come either on Wednesday or Thursday.
8. FIIs have bought for Rs 413 crores and DIIs have bought for Rs 64 crores.
9. Now US markets are trading positive.
10. Tomorrow will be an interesting day of trade, particularly last two hours of trade.