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Correction? (29th May 2024)



1. U.S Markets closed lower Yesterday. 
2. U.S Futures are trading lower now.
3. Asian markets are negative.
4. Global cues are not that good currently.
5. India VIX rose 4% Yesterday and crossed its pevious high of 22
6. Now , India VIX is at 24.
7. Gift Nifty down 90 points currently.
8. We are likely to open at 22800 on Nifty.
9. Mid & Small caps are starting to cool off.
10. Many people are waiting on the sidelines to invest money.
11. They would invest after the elections verdict.
12. So there would be huge liquidity flow that will come in post elections.
13. We have 4 trading sessions before the election verdict.
14. This week would be a pre election verdict week.
15. Next week Monday,  markets would react to the exit poll results.
16. Tuesday there would be election verdict.
17. Markets going in lighter into the Elections is a good news.
18. Otherwise there could be wild move post the verdict.
19. 49k on Bank Nifty & 22800 on Nifty are strong support levels.
20. There will be Volatility around.
21. It's a buy on Dip market.
22. Nifty might trade between 22850 to 23200

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