2. Stock Market
Outlook & Strategy
for August.
DALAL STREET FUTURE
NIFTY Levels for
August
Kese rahenge Bazaar
In August
Market
will fall in
August
NIFTY & SENSEX
Bearish
3. NIFTY
LEVELS
for
August
Beat The Street
NIFTY
LEVELS
FOR 1st
Week of
AUGUSTNifty can come to 10500-10600
Support : 10500
Resistance : 11400-11500
Nifty can come to 10950
Support : 10800
Resistance : 11300
Levels given by compiling views of Market experts.
5. Beat The Street
FII & DII Indicates Bearish
DII turn negative for 1st time in last 3 months.
FII Buying is of least amount in last 3 months.
Further buying by FII in last month may lead to
selling August 1st week.
6. Beat The Street
Global Markets
US & Germany reported worst GDP No. lead to sell off in
their indexes.
Most of global markets are looking bearish due to second
wave of surge in cases.
RBI- MPC Meeting
Rate cut expected – Aditya Puri
Any rate cut will lead to sell of BankNifty
Restructuring & Moratorium decisions will also derive
market.
7. Beat The Street
Corporate Earnings
Most of large / index / top sector companies have reported
their earnings.
Auto & Pharma earnings will come in August.
Autos No. will be negative & Pharma will be positive but
Sun Pharma reported loss.
Mid cap small cap Co. will also report their no. which might
be week
8. Beat The Street
Covid-19
On 31st july: India reported highest singe day case of
57k(while in start of month daily case were just 25K)
In august : 1L single day case could be seen.
Bharat BioTech Covaxin
Govt wants to laucnh Covaxin by 15th Aug.
If it happens , market will see huge rally for rest of month.
WHO says Not expecting vaccine before Dec-20
9. Beat The Street
BEAT THE STREET VIEW
Bearish
Nifty may test 10500
Resitance at 11400
Global Cues & Covid will further derive
markets.
Investors are suggested to sit on cash.
