Daily Report · August 5, 2021

Morning Pulse 05/08/21

  • Nifty closed in green and at the highs as expected after breaking out of consolidation range. This may continue for while.
  • Banknifty also followed suit and closed very strong above 36000.
  • Now just have to continue selling puts till price breaks lows again.
  • US markets closed in red but Fyures right now are back up.
  • SBI declared results yesterday that market took very good which enabled bank nifty rally. Sbi closed very strong too.
  • Today is weekly expiry, we might see volatility today but i expect it would close in green in the end.