Post Market Report, September 23, 2014 | Stocks and Commodities

September 23, 2014
Time: 11 pm

Post Market Report:

1. I have mentioned that markets are moving without institutional support.
2. Today markets broke down as FIIs have sold heavily.
3. First it was bad US cues as US markets fell yesterday.
4. Then today morning economic data that came from China was positive.
5. So our markets were positive initially.
6. Then at 1 pm, the economic data that came from German was very bad.
7. All European markets fell.
8. To add fuel to the fire, the news came that US and Gulf allies launched air strikes in Syria.
9. So our markets fell drastically after the war news broke out.
10. Markets closed at the low point of the day.
11. Tomorrow, Nifty is likely to break 8000 and that is likely to create more panic.
12. Due to these developments I have to change my view of expiry.
13. Earlier I said expiry will be between 8000 and 8200.
14. Now it is likely between 7900 and 8100.