Daily Report · September 21, 2021

Morning Pulse 20/09/21

  • Markets sold off rather sharp on the contagion fears of Evergrande but Chinese markets are closed till today.
  • There’s one more theory that the sell off is engineered to get the Infrastructure(passed by Senate), Reconciliation($3.5 trillion package), and Budget to be passed.
  • However we are seeing a slight rebound from the lows. SGX nifty is also indicating green opening.
  • FOMC minutes are scheduled for tomorrow so we may see a dull day today after yesterday’s rout.
  • We shall get a rebound today till 37500. Otherwise sell below 37000 .