- As anticipated Nifty and bank Nifty fell heavy on monthly expiry
- Some pe options went up 10x- 50x in a matter of minutes due to a large gamma move
- German GDP data was the trigger, it came very bad and DAX index fell 4 %, we followed suit immediately
- US futures also fell in line with world markets
- US GDP data also came worse then expected
- But After opening US markets started recovering and closed almost flat, Nasdaq closed in green
- Apple , Alphabet(Google), Amazon and Facebook had results, These big giants all posted good results, even better than what street expected.
- Apple, Facebook, Amazon all are up 5% after market
- As a result all global markets are positive
- SGX nifty is up 40 points
- Reliance also posted results, though they posted better profits but overall results were not good
- Their Oil segment has got a huge hit due to less demand
- Sun Pharma, SBI, IOC, Tata Motors will post results today
- FII were net buyers yesterday despite huge selloff, looks like its buy on dip market now
- Nifty took support of 11100,so it should trade with 11100 as support
- Bank Nifty took support at 21600
- Most likely we will see an inside bar today
in Daily Report
Pre Market Report 31 July
