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Insane Volatility!! (26th August 2023)

1. U.S Markets closed higher on Friday
2. Right now , Dow futures are marginally higher. 
3. Asian markets are higher.
4. Gift Nifty is up 40-50 points.
5. Friday as expected markets crashed after witnessing a gap down 
6. There was no strength in the markets on Friday.
7. The Situation looked quite critical.
8. Best thing about Fridays rally in U.S Markets is the fall of U.S VIX.
9. U.S VIX Crashed 10% on Friday.
10. Have to see if the Indian Markets follow Global cues.
11. We have expiry coming and many positions get stuck throughout the month.
12. This is leading to quite heavy Volatility from quite some time now.
13. Nifty closed at the lowest level of August.
14. Bank Nifty has been outperforming nifty.
15. Jio Financials finally stopped going down which is a good news for our Markets.
16. Reliance support would come in Handy for Nifty
17. Have to trade with small sizes for starters in this market.
18. Whatever you do your stoploss would get hit in such kind of markets.
19. Trading in small sizes and slowly building up Positions is advisable in this kind of market.
20. Bank Nifty support is near 44k and Nifty near 19250.
21. If these 2 levels get held in the first half then 2nd half we could have some bounce.
22. Nifty might trade between 19200 to 19400 today.


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