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Expect Fireworks in April (28th March 2024)


1. U.S Markets closed higher Yesterday.
2. There were lot of Fireworks yesterday in U.S Markets 
3. Global markets have finally looked stable after a lot of time.
4. Yesterday Reliance also had come up with Results and they looked very good.
5. Right now U.S Futures are higher.
6. Asian markets are higher.
7. Just for today , markets may be a bit mixed.
8. Expecting fireworks in the Month of April.
9. Expiry days option selling and leveraged positions are active so the movements are restricted.
10. I had given a trade on whatsapp when Nifty was at 22k.
11. Expected a 1000 point rally with 300 point stoploss.
12. This view is working very well now.
13. Mid caps , smallcaps after a short bashing have also started to Join the party.
14. 22k is a strong support now.
15. Bank Nifty once closed above 47k could also give a one way clear move.
16. Just for today , 22200 CE gas good amount of Open interest currently.
17. So if 22200 is crossed we may expect short covering today itself.
18. Results season has begun well so that also adds up to the optimism.
19. Nifty might trade between 22050 to 22350 today.

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