Daily Report · August 12, 2020

Pre Market Report 12 Aug

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  • US markets fell in the last hour
  • Gold and silver fell drastically. Stairs up elevators down.
  • Gold is now below $1900, Silver below $25.
  • We may see deflationary bust now in all asset classes if crude pops.
  • SGX nifty is down too.
  • Yesterday Phrma cooled off a bit.
  • IIP data came at -16.6% better than last month of -33.9%.
  • So this indicates some postive news about economy.
  • Markets may not fall sharp.
  • Nifty may consolidte around 11200.
  • BankNifty may take support of 22000.