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Bull Markets bottom out on bad news? (15th Feb 2024)

1. U.S Markets closed higher yesterday 
2. All the indices closed higher.
3. Right now dow futures are slightly higher.
4. Asian markets are higher.
5. Gift Nifty is indicating a gap up of 80+ Points.
6. U.S VIX crashed 10% Yesterday.
7. The panic and sudden fall has been controlled 
8. Now markets have come to mean and sanity has prevailed.
9. Indian Markets are close to upper end of the range.
10. Today we are likely to open near 21930 thereabouts.
11. We have multiple resistance of nifty at 22k and 22150 .
12. This is a reversing and not a trending market.
13. We have got 360 points reversal yesterday on Nifty.
14. Bank Nifty is also at higher end ie, 46200.
15. Bank Nifty crossing 46200 would open door to 46500 & 47k.
16. India Inflation numbers were quite better compared to U.S
17. So a big fall here was unwarranted.
18. Next the burning question of the day is what to do with paytm.
19. Sadly , my whatsapp DM is flooded with this text.
20. If you are not an investor , better not to do anything.
21. If you are an investor since IPO , then you should have exited long back.
22. If you had bought after RBI news thinking it got cheaper remember that if business turns zero whatever you pay is more itself.
23. There are some serious allegations of paytm payments Bank which cannot be reversed with just Penalty.
24. India VIX is also at a high terrain and expect it to come down today.
25. Nifty might trade between 21750 to 22050 today.


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