Daily Report · July 8, 2021

Morning Pulse 08/07/21

  • US markets closed strong after FOMC talk of Taper and Rate hikes.
  • Indian markets too closed in the upper ranges of the consolidation range. I suspect we may not break it and reverse from here.
  • Today’s weekly expiry so, we can be assure of the drama as also yesterday’s Cabinet reshuffle may induce some volatility.
  • USDINR is relentlessly moving up, if it continue to go up then, it can hamper the mood of bulls.
  • Today’s the start of the result season too. Expecting a lot of action in IT as well as metals.