Daily Report · August 19, 2020

Pre Market Report 19 Aug

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  • US markets are relentless. Both S&P 500 and NASDAQ hit new all time highs.
  • Asian markets are positive.
  • SGX Nifty is up 40 points.
  • Nothing seems to stop the market.
  • Stock market is a forward looking machine and it appears worst is behind us and only good things lie ahead.
  • We may see this in couple of weeks.
  • Yesterday Bank Nifty woke up and showed what the beast it is, moved 500 points swiftly.
  • After Pharma, IT, , Chemical, Defense stocks, Bank stocks are itching for a rally.
  • Banks always are the first to fall and last to recover.
  • AGR case is being heard today.
  • Reliance retail bought Netmeds and are looking to have three more acquisitions Zivame, Urban Ladder and Milk Basket.
  • Truly Reliance is building up to be a beast.
  • FIIs continue to buy for Rs 1135 crores while DIIs sold for Rs 379 Crores.
  • Expecting huge volatility in bank and nbfc stocks.
  • Nifty may trade between 11350 to 11500.
  • Bank nifty may trade between 22000 to 23000.