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Pre - Market Analysis (27th July 2021)

  1. U.S Markets at one point of time were 300 points but recovered towards the end of the day.
  2. Right now Dow Futures are lower.
  3. Asian Markets are under pressure.
  4. This is because Chinese Govt is running behind technology companies.
  5. Yesterday Chinese and Hong Kong markets fell significantly and now Chinese futures are lower.
  6. SGX Nifty is trading near 15900.
  7. Yesterday in spite of such Global turbulence , our markets performed extremely well.
  8. Infact Indian Markets outperformed other Asian Markets yesterday.
  9. In spite of Such huge FII selling , DII's and retail people continue to support the Market.
  10. ICICI Bank results were up to the Mark and that changed Bank Nifty view.
  11. After HDFC Bank results , Bank Nifty view was Bearish but now it has become neutral.
  12. I expect rangebound Market to continue for this week.
  13. 15600 to 16k continues to be the range on Nifty.
  14. 34500 to 35500 on Bank Nifty.
  15. Infosys hit fresh all time high Yesterday.
  16. Perhaps the foreign investors might have dumped Chinese based IT Stocks and shifted money to Indian Based IT companies.
  17. Axis Bank declared results yesterday at it seemed okay at the first look.
  18. Will analyse the same in detail this weekend.
  19. Nifty might Trade between 15780 to 15940 today.


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