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

Daily Report · July 23, 2020