- Reliance has raised another round of Private Equity funds. General Atlantic to invest Rs 6,598.38 crore in Jio Platforms.
- Vedanta Ltd.’s board of directors will meet today to consider the delisting proposal
- L&T Technology has reported increased profits in their Q4 results
- FII sold Rs 2388 crores and DII sold Rs 1,225.53 crore in the Indian equity market on May 15. Clearly, the economic package was not appreciated
- Maximum call open interest (OI) at 9,500 strike price. Maximum put open interest at 9,000 strike price. Clearly 9000 – 9500 should be the trading range for NIFTY
- US and Asian markets had closed higher on Friday. SGX NIFTY down by 50 points
- NIFTY expected to move between 9000 and 9250
- NIFTY seems to have a support at 9000 range. Might break eventually. Watch carefully. Likewise, 18000 is a strong support range for BANKNIFTY
- US-China trade tensions, increasing COVID-19 cases and an uninspiring economic package have negative impacts on the market
- All major banks had fallen heavily last week. It will be interesting to watch for short coverings.
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Daily Market Feed – 18 May 2020
