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19500 to 20000!! (19th July 2023)


1. U.S Markets closed higher Yesterday. 
2. All the indices ended in Green.
3. Asian markets are higher.
4. Gift Nifty is as flat as it can be.
5. Markets opening flat is a good sign.
6. But I doubt we would be opening flat.
7. We are opening with a gap up almost on an everyday basis.
8. In spite of Gift Nifty being flat.
9. Yesterday was a highly Volatile FIN Nifty expiry.
10. Though the markets were trading in a range,  the premiums were all over the place.
11. MTM fluctuations were too high during active trading.
12. As now we have expiry on all the days it will add up to Volatility. 
13. India VIX also was higher yesterday. 
14. First support for Nifty is at 19700.
15. Every 100 Points we have a support and resistance for nifty 
16. 19700 - 1st support , 19600 - 2nd support & 19500 is the third support.
17. Same way every 100 points we have resistance on all higher strikes.
18. 19500 to 20k is the monthly range for nifty now.
19. Bank Nifty collapsed 500 points within minutes yesterday 
20. In this kind of market have strict stoploss and don't enter trades will full capital.
21. Always have some spare capital for adjustment. 
22. Mid and smallcaps were in pain yesterday.
23. FII's bought for 2100 cr whereas DII's sold for 1300 crores yesterday. 
24. Nifty might trade between 19600 to 19900 today.

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