Pre Market Report 18 Aug

US markets remain mixed.
Nasdaq, the technology index is at all time high.
Tesla hit all time high yesterday. It increased it market cap to tune of one General Motors.
Gold and silver has started upward again. Gold is now at $1990 and silver at $27.8
Bitcoin and other crypto assets are also on teh bull run.
Though stock markts have slowed down now as S&P approaching All time high.
Now its about time, something will trigger the bubble.
IT stocks performed well yesterday.
SC is mulling over asking for AGR dues from Reliance Industries which is using RCOM infra.
RIL has disagreed to pay for that. Reliance will remain weak until this issue is solved.
So AGR case keeps on dragging. Hearing adjourned to Wednesday.
FIIs continue to buy , though small amount of Rs 333 crores. DIIs on the other hand are on selling spree. Sold Rs 718 Crores.
HDFC bank is caught in news now regarding US regulator investigating.
Both Reliance and HDFC bank continue to be under pressure.
If pressure is released, we will see a good rally upside.
Nifty may trade betweeen 11200 to 11350.
Bank Nifty may trade between 21500- 22000.