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What next Post all time high? (20th Feb 2024)



1. U.S Markets were shut yesterday.
2. Gift Nifty is indicating a very flat opening
3. Right now,  Dow Futures are slightly higher.
4. Yesterday we have hit a fresh all time high on Nifty.
5. Exactly as mentioned in yesterday's blog , Nifty took support at 22k and rallied 200 points from there.
6. As soon as Nifty scaled all time high , there was a quick short covering rally.
7. Last 30 minutes there was a sell off in the indices.
8. Nifty witnessed major profit booking from the levels of 22200.
9. Now the range for Nifty has been shifted to 22k & 22500.
10. Bank Nifty took support at 46200 and rallied from there.
11. Now 22k & 46200 becomes a very strong support.
12. If there's a dip closer to above levels then it's a buying opportunity. 
13. Both Nifty & Bank Nifty are quite strong.
14. Also there is a high momentum in both these indices.
15. Large cap stocks have more Steam left now.
16. Large cap stocks when they start rallying will take markets even higher
17. I have sold Put options below 21800 & calls above 22800.
18. Will adjust these positions based on market movement.
19. Nifty might trade between 22000 to 22300 today.

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