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Pre - Market Analysis (5th August 2021)

  1. U.S Markets witnessed slight profit booking yesterday.
  2. Asian Markets are flat.
  3. SGX Nifty is trading near 16280 now.
  4. Dow Futures are flat.
  5. Our Markets have witnessed a fantastic rally in last 2 days.
  6. Nifty was up by 400 points 
  7. Bank Nifty up by 1500 + points.
  8. Hdfc Bank results dragged Bank Nifty lower by 1500 points but now Bank Nifty has recovered all losses.
  9. SBI results has turnaround Bank Nifty in the past.
  10. Yesterday is was no different.
  11. SBI results were better than other Banking results.
  12. Bank Nifty crossed 36k briefly at one point.
  13. Today is weekly expiry.
  14. This rally for last 2 days continue to go as usual.
  15. Markets cannot go up so fast everyday.
  16. Now Consolidation is required for Bull's.
  17. Expecting a ranging day today with Slightly positive bias.
  18. Generally weekly expiry are Rangebound.
  19. Nifty might Trade between 16180 to 16340 today.


Sachin Gupta said…
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