Daily Report · August 20, 2020

Pre Market Report 20 Aug

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  • US markets fell in the last hours of trading yesterday.
  • Gloomy outlook of Federal Reserve towards the economy due to corona triggered the fall.
  • Asian markets are down.
  • We are following the US markets and SGX nifty is down by 120 points.
  • Apple touched 2 trillion market cap yesterday.
  • AGr hearing is again due today. Now since reliance is involved, huge volatility is expected.
  • Also today is weekly options expiry.
  • Nifty PE is close to touching 3SD and is at 32.09. This is as dangerous as it can get.
  • FIIs bought for R459 crores adn DIIs sold for Rs 97 Crores.
  • Bank Nifty will remain volatile. It mat open below 22k.
  • More and more stocks are going into trading due to high MWPL.
  • Nift ymay trade between 11250 to 11400.
  • Bank nifty may trade between 21800-22300.