1. U.S Markets closed lower yesterday.
2. Right now , dow futures are lower.
3. Asian markets are mixed.
4. SGX Nifty is down 50 Points.
5. At one point of time yesterday the U.S Markets were higher.
6. All the indices were higher by more than a percent.
7. In the second half profit booking began and markets closed Ultimately lower.
8. This shows that Markets are not out of the woods yet.
9. Selling pressure is still persisting.
10. Now a days Thursdays have also become volatile because of the FIN Nifty expiry.
11. FIN Nifty has also gained popularity recently and every Tuesday is the expiry.
12. This adds up to the Volatility.
13. 17800 has now technically become a double bottom for the markets.
14. Unless fresh negative comes out this level shouldn't be broken easily.
15. 18000 has now become a good support for the short term.
16. 17800 to 18300 is the range for nifty now.
17. For the last 3 weeks nifty is trading within this range.
18. Banks seem to have lost a bit of their steam recently.
19. Buy Banks and sell IT is what worked for past couple of months.
20. It won't be long when buy IT sell Banks starts to develop.
21. Nifty might trade between 18000 to 18200 today
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