• Comments Off on PRE MARKET REPORT, JULY 30, 2021

PRE MARKET REPORT, JULY 30, 2021

  • US Markets bounced to record highs yesterday
  • Asian markets mostly trading lower
  • SGX Nifty indicating a gap-down of 100 points
  • FIIs net sold shares worth Rs 866.26 crore while DIIs net purchased shares worth Rs 2,046.96 crore
  • Nifty in July series moved 12 points but had 400 point range
  • Nifty continues to be in a broad 15,550-15,950 range
  • Nifty’s leadership continues to be in IT stocks
  • Bank Nifty leadership firmly with ICICI and SBI now
  • Most of the Nifty 50 companies have declared results, Earnings season so far has seen more hits than misses
  • Nifty is entering into 6th month of consolidation sooner or later some trend will happen