1. U.S Markets closed higher Yesterday.
2. Right now , all the U.S Futures are trading higher.
3. Asian markets are higher.
4. So it's greenary all over the screen.
5. SGX Nifty is up 40-50 Points.
6. Yesterday it was a surprising day once again.
7. I gave a range of 17800 to 18000 for yesterday.
8. Nifty did trade exactly within that band.
9. Last 30 minutes nifty broke out of 18k.
10. 18000 CE had huge open interest yesterday.
11. All these Call writers met with trouble yesterday.
12. Finally markets have broken out so the next logical target would be 18200.
13. The range has now shifted from 18000 to 18200.
14. 41800 is a resistance for Bank Nifty.
15. Once this is taken out then we would see 42500 for Bank Nifty.
16. Markets are finally looking Bullish after a long time.
17. Markets have been rising slow and steady.
18. It's not like a one way rally towards 18200.
19. Markets will test your patience , make you lose hope and when you finally lose hope it will move as you have desired.
20. This is how stock market behaves.
21. We have also closed above the Budget high Yesterday.
21. 18000 is a strong support now.
22. Nifty might trade between 18000 to 18200.