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Rally to Continue? (2nd Jan 2024)



1. U.S Markets were shut Yesterday.
2. Right now , Dow Futures are higher.
3. Asian markets are higher.
4. Gift Nifty is indicating a slightly positive opening. 
5. U.S VIX is below 13 currently. 
6. India VIX is close to 14.
7. This is generally expected as this is an Election year.
8. India VIX has a history of being higher pre - elections.
9. Also we have a budget Coming up next month.
10. Though its a vote on account budget but there would be lot of speculations going around.
11. 21600 is the support & 21800 is the resistance.
12. Markets are hovering within this range of 200 points.
13. Many market participants are asking me my view for the Year 2024.
14. Many market participants also give their view for the New Year.
15. IMHO , do not trust or do not believe any of the opinion because nobody knows what's going to happen.
16. Everybody expected 2023 to be a mild year given so many negatives floating around.
17. What actually happened is markets have surprised all of us.
18. My simple advice would be do not ask nor do not follow these predictions as nobody knows for certain what the market is up to.
19. As a trader,  follow the trend , focus on your levels , respect your stoploss and targets and keep taking calculated risks and you would make good money.
20. Just stick to what works for you and make a well planned set up.
21. Nifty might trade between 21650 to 21950 today.

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