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 40-50 Points.
5. U.S VIX was slightly lower Yesterday.
6. Yesterday some unusual stuff was witnessed relating to India VIX.
7. Yesterday the markets were trading higher and also the India VIX was up 7%.
8. Usually when markets go up India VIX comes down.
9. Maybe because of Russia - Ukraine attacks going on people are fearful.
10. That fear got reflected in the VIX.
11. Unless Bank Nifty participates in the rally , Nifty won't cross its resistance.
12. Bank Nifty went close to 48k for 7 times.
13. Couldn't close above 48k even for once.
14. So 48k for Bank Nifty is a big resistance zone.
15. Once Bank Nifty has crossed 48k then we can witness 50k.
16. If Bank Nifty goes higher, it will take Nifty higher with itself.
17. Only 2 days left for expiry now.
18. The trend is up but markets won't go up in a straight line for next 2 days
19. There will be Volatility.
20. Nifty might trade between 21200 to 21500 today.
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