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Consolidation !! (5th Oct 2023)

1. U.S Markets closed higher yesterday. 
2. Right now U.S Futures are lower.
3. Gift Nifty is down 20-30 Points.
4. We are going to open close to 19430 today on Nifty.
5. Asian markets are all trading mixed.
6. All the U.S Futures are trading in Red right now.
7. Yesterday our Markets broke important support of 19500.
8. As soon as 19500 was broken , markets kept going lower and lower.
9. Markets finally found support near 19350 and showed signs of recovery.
10. Last 1 hour Markets recovered from lows and closed above 19400.
11. U.S VIX Crashed 6% Yesterday.
12. VIX crash indicates stability in the markets in coming time.
13. Bank Nifty almost went close to final support levels of 43800.
14. Bank Nifty held its major support of 43800.
15. Nifty is far away from major support of 19200.
16. 19200 was the October low on Nifty so its a major support zone.
17. Large caps have now started performing in the markets.
18. HDFC Bank which everybody was selling showed signs of bottoming out yesterday. 
19. I find more value in large caps now than Mid and small caps.
20. 8-10% correction in mid and small caps would be a good opportunity to enter.
21. Nifty might trade between 19350 to 19600 today.

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