- SGX Nifty is down by about 200 points without even any lockdown announcement by Maharashtra
- Potential lockdown in Maharashtra emerging as a serious risk
- Maharashtra is economically most important state in India
- Bank Nifty has fallen 14% from highs, beginning to price in risks
- Bank Nifty repeatedly halting at 100 DMA, looking very weak
- Nifty not in breakdown mode yet as IT, FMCG and Pharma are doing well
- Next few weeks could see a massive surge in Pharma stocks
- Lot of money will continue to shift from eco stocks to Pharma
- Today evening, TCS declares results
- Infosys is planning share buyback, positive news for Infosys
- Nifty future may trade between 14680 and 14880