Pre Market Report 31 July

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