1. U.S Markets closed higher on yesterday.
2. All Indices closed higher.
3. Right now , U.S Futures are higher.
4. Gift Nifty is indicating a 230 point uptick
5. Asian markets are higher.
6. U.S Vix is now below 14.
7. The talk of the town is U.S CPI data.
8. Inflation has cooled down to 3.2%.
9. This was much below the expectation.
10. Cooling of Inflation would lead to cooling of interest rates.
11. Settling down of interest rates hike.
12. This is the reason there has been a massive rally post the data.
13. Dow Jones shot up 500 points yesterday.
14. There has been news that Micheal Burry , the great trader who predicted 2008 crash has cut his short positions.
15. There was a news about him some time ago that he has taken a big short position.
16. Markers have been predicting that this is end of the rate hike cycle.
17. If we open as per what Gift Nifty indicates they we may open near 19700 levels.
18. There have been many call writers who have sold 19500 and above calls.
19. All of these will be trapped badly at the open.
20. Nifty might trade between 19500 to 19800 today.