Daily Report · July 15, 2021

Morning Pulse 15/07/21

  • We had a slightly flat day yesterday, both nifty and banknifty closed almost flat.
  • Jerome powell made some statements about inflation and their QE related programs, market fell for a while and recovered. Seems everyday we are looking for V-Shape recoveries.
  • Inflation has taken totally centre stage now wit some concerns of new variants.
  • Nifty and bank nifty are near the range resistances, if broken we shaould see a trend rally.
  • Otherwise sell the rip and then buy the dip.
  • Will sell call options with Sl or probaly will do a butterfly today. lets see.