Daily Report · September 2, 2021

Morning Pulse 02/09/21

  • Global markets are weak due to weakening growth data all across. US markets fell yesterday to mark the start of September.
  • Nifty as well as bank nifty were particularly volatile yesterday, Vix kept increasing while market was going up so it crashed down.
  • Today is the first expiry in the peak margin rule scenario. Let’s see what it brings for us.
  • If PDL(previous day low) breaks i may sell calls but i am not betting on reversal yet, since the banknifty broke out of the range already. Short below 36100 and long above 37200.