- US futures were down on friday, so we were also under selling pressure.
- After market open, US markets recovered and closed almost in green.
- Right now US futurres are flat.
- But asian markets are mixed, SGX nifty is down 20 points.
- Auto Sales data came during the weekend. It came out strong
- So auto stocks will be in focus today
- Pharma stocks were very bullish on friday. Almost all of the stocks broke out of their ranges
- Sunpharma results were ok but better than expected
- API stocks have rallied a lot, They may cool off a bit. Divis, Laurus, Granules etc
- RBI policy desicion is on Thursday, so likely confusion will prevail in the markets particularly Bank Nifty
- After Pharma, Financial sector is poised to take off.
- But we need strong postive news,
- India Manufacturing PMI data to come today.
- Nifty may trade between 11000 -11200
- Bank nifty between 21500-22000
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