Daily Report · August 14, 2020

Pre Market Report 14 Aug

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  • US markets closed mixed.
  • Asian markets are slightly up. Sgx nifty is flat.
  • Today AGR case verdict will come. Markets are waiting for it for a few days now.
  • Defense stocks rallied yesterday, Bharat Forge , Ashok Leyland were up huge.
  • Midcap stocks are really buzzing right now.
  • There is a theme play running in markets. Pharma, IT, Defense, Auto.
  • Bank stocks were under pressure.
  • CPI inflation came higher.
  • Due to agr case, our markets will continue to consolidate further.
  • It is just calm before the storm. These narrow ranges will be broken.
  • FII were net buyers for Rs. 416 Cr.
  • Mr Modi might announce some relief measure as a part of Independence Day speech.
  • NIfty may trade between 11250 and 11350.
  • Bank nifty may trade between 22200 and 22600.