Daily Report · October 22, 2021

Morning Pulse 22/10/21

  • SPY closed all time highs yesterday while short term yields are spiking.
  • BankNifty yesterday made a massive 800 point move in last hour destroying call shorts completely.
  • This move is probably due to Citibank retail business bid by Indian banks whose last date is approaching. As per the looks Kotak, Icici and Hdfc bank are the main suitors but i think Kotak will take the cake.
  • ICICI results are on Friday so will probably take a lighter position overnight.