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Israel - Iran Tensions !! (15th Apr 2024)



1. U.S Markets crashed on Friday.
2. Right now , Dow Futures are higher.
3. Asian markets are recovering.
4. Gift Nifty is indicating a gap down of 100 points after taking into effect Yesterday's holiday.
5. U.S VIX jumped 16% on Friday.
6. This is largely due to Israel - Iran Conflicts.
7. Over the weekend , there were news of possible war happening between both the countries.
8. Good that these talks didn't extend much further and had become disastrous.
9. I expect markets to give a panic reaction in first hour and the dip to Ultima get bought.
10. Markets focus would then shift to Corporate results , rate hikes etc.
11. Once this war stress is out of the way , which it seems likely now.
12. There could be a serious short covering rally.
13. Be rational & don't panic in such type of instances.
14. Let your rationalist prevail over your emotions. 
15. So far , it was been a terrific results season.
16. This shows the strength of our Economy. 
17. We are in a buy on Dip market.
18. 22500 & 48k are important support levels for nifty & Bank nifty 
19. After initial dip if we start recovering to these levels then we may well have a trending day.
20. Nifty might trade between 22400 to 22700 today.

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