PRE MARKET REPORT, JULY 15, 2021

  • Choppy trade in US markets while S&P500 reached a new high
  • Fed Chair Jerome Powell assures “powerful support” to the economy “until the recovery is complete”
  • China to release GDP data today
  • Asian markets trading flat
  • SGX Nifty indicating a flat start with 10 points gain
  • Nifty back in the upper end of recent range
  • FIIs sell again on rally, net sell Rs 1,304 cr in cash
  • Infosys might see some profit taking today
  • IT was yesterday’s story, may not replicate gains today
  • Weekly expiry today, high Open Int at 15,800 Put and 15,900 Call
  • Range for today seen at 15,760-15,940

Nifty/Banknifty 15 July 21

Nifty : 15812
Rest: 15915 & 16000
Supt: 15785 & 15740
PCR : 1.41

Banknifty : 35673
Rest: 35815 & 36175
Supt: 35450 & 35280
PCR:1.05