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21500 breached today? (20th Dec 2023)


1. U.S Markets closed higher yesterday 
2. Right now , Dow Futures are flat.
3. Asian markets are mixed.
4. Gift Nifty is indicating a gap up opening of 80-90 Points.
5. U.S VIX was down 2% Yesterday.
6. India VIX also fell 3% Yesterday.
7. Friday & Monday the VIX rose Unexpectedly 
8. Yesterday some correction in VIX is a good sign.
9. Yesterday Nifty made a low around 21350 and a high of close to 21500.
10. From the last 2 days , markets have been trading within this range.
11. 21500 CE has the highest open interest in monthly options.
12. Many traders have sold 21500 CE heavily.
13. These could be trapped at open and markets could inch higher.
14. Support is at 21k for Nifty.
15. Wednesdays are generally not straight trading days.
16. There is a big higher Volatility in the markets on Wednesdays. 
17. Markets might give you a dip in first half & that would be a buying opportunity. 
18. The Global trend is upwards so eventually the markets will be headed higher.
19. This is the time to not apply brains & follow the trend.
20. Just be clear you have to long at S1 or at clearance of a major resistance level.
21. Nifty might trade between 21400 to 21650 today.

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