Daily Report · August 17, 2020

Pre Market Report 17 Aug

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  • On Friday , Indian markets fell very drastically.
  • All global markets fell at that time.
  • But later US markets recovered the fall and closed green.
  • SGX nifty is up by alomost 100 points.
  • Asian marktes are up too.
  • PM Modi announced 100 thousand crore infrastructure plan on Independence day speech.
  • Infrastructure companies will get a boost today.
  • FIIs bought for about Rs. 46 crores.
  • DIIs sold for Rs. 797 crores.
  • Index heavy weights Reliance and Hdfc Bank are under selling pressure.
  • AGR case haering is scheduled today.
  • We will see volatility when that happens.
  • A lot of companies are in trading ban. Speculation is at a peak.
  • NIfty pe ratio is at peak. Everything looks too good to be true in markets now.
  • Either earnings has to catch up or markets have to fall.
  • Gold is now stabilising at 1940 levels.
  • NIfty may trade between 11250-11350
  • Bnak nifty may trade between 21500-22000.