1. U.S Markets closed lower Yesterday.
2. U.S Markets were down in the first half but there was a smart recovery in the 2nd half.
3. This was because of Nvidia positive results.
4. This created a sentiment shift for the U.S Markets.
5. Right now , U.S Futures are higher.
6. Gift Nifty is down slightly.
7. Yesterday was a very mixed day for our Markets.
8. Bank Nifty was at day low but Nifty was at day high.
9. Nifty is much more stronger than Bank Nifty.
10. Post 3 pm , Bank Nifty made a wild move and 50rs PE went to 500.
11. All this happened in just 15 minutes and from 500rs it closed at Zero.
12. This is the kind of Volatility that's happening on expiry.
13. Remember the last weekly expiry?
14. Nifty shot up 300 points in just 30 minutes.
15. This is because of huge options trading which is happening currently.
16. India is the highest options trading den in the World.
17. Do not sell options for the same expiry.
18. India VIX touched 22 day before yesterday and is cooling off a bit.
19. I expect Volatility to reduce going ahead.
20. The trend is Bullish.
21. It's not ultra Bullish that you buy at any level.
22. It's a buy on dips market.
23. The support for Nifty is at 22400 and resistance is at 22700-22800.
24. Expect Nifty to trade within this range for some time.
25. Consolidation is good for the markets in the short term.
26. Nifty might trade between 22400 to 22640 today.
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