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Welcome Feb :) (29th Jan 2024)


1. U.S Markets closed net positive if combined on Thursday & Friday Night.
2. Right now , Dow futures are lower.
3. Gift Nifty is indicating a gap up opening of 100 points.
4. Asian Markets are higher.
5. Markets in January were highly Volatile.
6. Markets were all over the place & there were big intraday moves.
7. Today marks the first trading day for Feb series.
8. Lots of triggers for Feb series currently. 
9. Many companies are yet to declare results & it would be done over this week.
10. Most important trigger is the Union Budget.
11. Though its only an interim budget but still there would be some repercussions. 
12. 21150-21200 which was the January low is a very important support level.
13. We are close to these support levels so we can expect a bounce.
14. Bank Nifty was hammered during Jan series.
15. I somewhere feel that 5000 point correction on Bank Nifty on the back of results was overdone. 
16. Expecting Banks to come back strong in coming months.
17. I don't think Union Budget is going to change anything or impact the markets at large.
18. No negative news is a positive news as we have already fallen 1000 points from the top on Nifty.
19. Nifty might trade between 21250 to 21550 today.

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