Daily Report · July 23, 2020

Pre-market Report 23 July

  • US markets closed sligtly higher
  • Asian markets are under pressure as us-china started fighting again
  • Sgx nifty is slightly negative
  • Nifty saw see saw action yesterday
  • News about us ousting chinese consulte in houston created panic
  • Markets fell and then recovered in the last hour
  • Tesla and Microsft had result yesterday
  • Tesla reported surprise profit quarter, now eligible for inclusion in S&P 500
  • Its up 4% in after market
  • Microsoft also reported better than expected results but down 2% in after market
  • Coronovirus doesn’t seem like dampening revenues of these companies
  • US weekly jobless claimms data to come today
  • Reliance crossed 2000 yesterday. Result date deferred to 30 july now.
  • L&t declared results , profits are down huge. It wil be in action today.
  • Biocon, HDFC amc to declare rsults today
  • Glenmark reported successful trial of Favipiravir , it will be in focus
  • Rossari biotech to be listed
  • FII has been buying from last 4 sessions, yesterday bought for Rs. 1665.57 cr
  • Nifty pcr is at 1.6751 came down from previous day but still bullish
  • Same with bank nifty pcr at 1.15, bullish but that can change as both nifty and bank nifty are at resistance
  • Nifty should consolidate between 11000 and 11200
  • Bank nifty should consolidate between 22500 and 23000

Bank Nifty