Daily Report · July 30, 2021

Morning Pulse 30/07/21

  • Monthly expiry went kind of very smoothly, option sellers made the most of it in this month.
  • Consolidation in the indexes is frustating. However individual stocks and theme indices are running hot.
  • NIfty pharma declined a few daysago and nift metal yesterday gave a very big breakout with every participant rallying hard.
  • Amazon is down more than 5% pre-market aftet less than expected results.
  • Asian markets are down too, china, hongkong, Japan are all down.
  • We also more likely will open in the negative.
  • We need to get out of this range to get any meaningful trend, till then short the resistance and the support.