1. U.S Markets closed slightly lower Yesterday
2. U.S Markets are just a percent away from fresh all time highs.
3. Indian Markets have recovered sharply Yesterday.
4. 21800 , the major support level has once again came to the rescue.
5. According to me , this support should hold on.
6. Markets would now turn choppy and rangebound.
7. Yesterday the Inflation numbers were announced and they are at 11 month low.
8. This is a very good sign for the economy.
9. India VIX in just 10 days has reached a fresh all time high.
10. It's creeping higher with each and every day.
11. India VIX above 18 indicates huge Volatility.
12. In 2019 , India VIX jumped 60% before Elections and after Elections verdict it went to all time low.
13. Expecting a similar situation this time around as well.
14. Bank Nifty momentum will decide nifty momentum.
15. Bank Nifty can take Nifty higher single handedly.
16. Also Bank Nifty is more beaten up compared to Nifty.
17. Do not expect bigger fall from here nor a big rally.
18. Many shorts have been placed in system and these people are trapped.
19. We could get a short covering rally upto 22500 on Nifty.
20. Nifty might trade between 22000 to 22300 today.
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