Daily Report · August 17, 2021

Morning Pulse 17/08/21

  • Nifty continue to close at ATH along with SPX and DOW jones.
  • BankNifty on the otherhand continues to lag behind. Saurabh Mukherjea from Marcellus Investments warned investors to steer clear of corporate lenders.
  • Afghan chaos had literally no effect on markets. There were videos of people falling from the US aircraft. So much desparation from people.
  • Nirmala Sithraman said there’s no room to cut petrol diesel prices due to oil bonds interest burden. So fuel costs continue to climb which means even if inflation settles down we may not see good prices to come down.
  • PE sell is going well, as this weekly expiry is on wednesday i might add ce sell to from a strangle or a straddle intraday.