1. U.S Markets closed higher yesterday.
2. Right now , Dow futures are higher.
3. Asian markets are mixed.
4. SGX Nifty is up 40-50 Points.
5. Yesterday it was a sideways kinda day.
6. Markets tried to break crucial support of 17800 but yet again there was a sharp recovery.
7. 18000 short straddle has the highest open interest for today's expiry.
8. Those who have taken 18k short straddle will be happy at open.
9. As Nifty is likely to open close to 18k itself.
10. It has been 3 weeks now and markets have been consolidating.
11. This consolidation is with huge Volatility.
12. Range for nifty is 17800 to 18200.
13. Within this range markets have been trading with large swings.
14. Expect this range not to be broken anytime soon.
15. 17850-17800 is a good buy zone for today.
16. If 18k is crossed we might head towards 18100.
17. Crossing 18100 today would be a tough job.
18. Unless any major thing happens in Dow futures etc.
19. Nifty might trade between 17800 to 18100 today.