Daily Report · July 29, 2020

Pre Market Report 29 July

  • Our markets after falling in the first half recovered back in green yesterday
  • US markets fell
  • But sgx nifty is trading higher, so we may not follow US markets
  • Infact nifty closed higher up yesterday above 11300
  • Nifty may quickly reach up 11500 now due to momemtum
  • We have Reliance results and monthly expiry tomorrow.
  • FII became net buyers again after 1 day selling whereas DII were net sellers
  • Apple, google, Amazon also have results this week.
  • Maruti,Airtel, Manappuram, TVS will declare results today
  • IT and Reliance are continuously pushing Nifty up
  • Auto stocks also were bullish yesterday, that lifted Nifty more.
  • Huge unwinding of 11200 ce happened yesterday as nifty crossed 11300, which assumes more bullishness.
  • Nifty maxpain is at 11150
  • BankNifty if crosses 21500, we may short covering rally.
  • Maxpain is at 22000