EquityCompound2

21st July'2020 (Morning) US markets closed positive.  Asian Markets are positive.  SGX indicates a 90point jump.  Excited to see action.  Levels indicated last evening hold good. 

20th July' 2020 (Evening) Markets opened gap up today and continued laying in narrow range before ending with some marginal gain. As mentioned yesterday, Reliance lost steam, though it made some small gains. The financial stocks seem to be the engines now. HDFC Bank and ICICI Bank made some decent growth today.  Banking ADR's in US, indicating strong momentum. Expect some strong movements on Bank Nifty tomorrow. Expect a range of 10800 to 11200 for Nifty. Bank Nifty has some strong support at 22000 and honestly i expect some wild movements tomorrow. Not sure on what is the upper limit of the range. FII were net buyers for 1709Cr today, while DII were sellers for 1521Cr. A net selling of 188Cr from the institutional side.  FII's positions on futures were kind of neutral. They created 1364 fresh positions and covered 2973 contracts on the indices.    On the option front FII sold more calls and also bought more calls.    For the next week expiry, Nifty has the...

20th July'2020 (Morning) US futures is lower Asian markets are generally trading lower.  SGX indicates a 40 point negative start.  Hold my view from yesterday, however, lets watch if the first hour low is held and high is broken.  Key watch is HDFC Bank and Reliance for an indication towards Nifty. 

17th July' 2020 (Evening plus weekend) Markets picked up some wild movements again. Nifty saw a 370 point movement during the week. Nifty has been riding again after a correction early in the week. 10570 is now a strong support for Nifty. Though immediate support comes in at 10700 levels.  Nifty closed above its 200 day MA. It is now to be seen if this momentum can continue from here. Reliance and HDFC Bank both had a break out on Friday, this helped Nifty break its resistance. For Nifty to ride further, it needs Reliance and HDFC Bank (Bank Nifty in general)to continue the rally from here. I see Reliance riding on low volumes and the OI is also not indicating strength. HDFC Bank has to be seen. It has a strong 200 day resistance at 1120. Also the delivery volumes are stable as of now. Will watch the action tomorrow morning to decide further. Expect to see Nifty playing between 10700 and 11000. While, Bank Nifty range seems to still between 21000 to 23000 levels. FII were net selle...

16th July' 2020 (Morning) The US markets closed in green yesterday. Though on futures they are trading slightly lower this morning.  Asian markets are also subdued because of the caution set in.  SGX is flat and is neutral.  As mentioned yesterday, today is expiry and markets could be volatile.  Will have to see if the selling continues from yesterday.  Range mentioned yesterday, hold.