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FInally Market makes a move !! (29th Nov 2023)


1. U.S Markets closed slightly higher Yesterday. 
2. Right now , U.S Futures are trading higher.
3. U.S VIX is now below 13.
4. Asian markets are mostly higher.
5. Gift Nifty is indicating a gap up opening above 20k now.
6. Markets in the final half hour of trading session yesterday have made a move.
7. Markets were just trading in a range until then.
8. In the last week of expiry , markets tend to make a big move.
9. Through Yesterday's closing , Is was a higher probability that Markets would make a big move on the upside.
10. Highest Open interest is now shifted to 19800 PE and 20,000 CE.
11. Now the range has shifted from 19700 to 19900 previously to 19800 and 20000.
12. Expect the markets to trade within this range today.
13. Wednesdays generally are highly Volatile trading days.
14. If 20k is crossed accidentally then you may head towards 20100.
15. The Possibility of the above happening isn't more.
16. Large cap stocks like Reliance , HDFC bank are looking strong.
17. Yesterday the Adani Group stocks also recovered.
18. I am not a Fan of Adani Group but as they have weightage in Nifty , it's important to keep a track of them.
19. Nifty might trade between 19800 to 20k today.
20. Slight chances that if 20k is taken out then we may make an even bigger move.

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