Pre Market Report 10 Aug

US markets closed almost flat on Friday.
Asian markets have opened mixed.
SGX nifty is slightly up 30 points.
This week is goint o start off with the Supreme court AGR case hearing.
So Idea, Indusind bank , Airtel will be in focus.
Idea, Indusind both shot up on friday, so expectations are on the positive side.
US President Trump signed 4 executive orders related to coronavirus economic relief, unemployment benefits, eviction ptotection , payroll tax deferral and student loan relief.
This may help US markets for a new leg up rally, but futures are alomost flat.
Indian Defense Minister also announced restrictions on import on Defenece equipments in push to boost domestic defense industry.
HAL, BEL, Ashok leyland , L&T, BDL are the stock to look for.
The theme for the coming years is going tobe deglobalisation now. Every country wants to self sustain and be less reliant on China.
Cipla, Divis announced great results. So pharma will also be in focus.
Bank of Baroda, Titan, PowerGrid will declare results today.
Markets are expected to move sideways ahead of AGR case anyways, so expecting action after the case hearinf result.
FII were net buyers for Rs.397 crores and DII have sold for Rs. 439 crores.
Bank Nifty if moves above 22000 will invite new longs and short covering. It may push Bank nifty towards 23k.
Nifty may trade between 11200-11350.