1. U.S Markets closed flat Yesterday.
2. All the indices closed slightly flat expect Dow Jones.
3. Dow was higher by about 150 Points.
4. Asian markets are mixed.
5. U.S VIX is now below 13.
6. India VIX is now at 17.
7. Yesterday, in spite of ranging move, India VIX didn't fell.
8. India VIX was firmly Trading higher.
9. The positive thing about Yesterday was we Took support multiple times at 22200 but we didn't breach it.
10. On the other hand , we weren't able to cross 22400 as well.
11. So it's a mix and match game.
12. Bank Nifty also took support near 48k multiple times yesterday.
13. If reversal and recovery has to come , it should be from these levels.
14. Otherwise we would be heading even lower.
15. My sense is we would try to consolidate for some time.
16. Post Consolidation, we would be steadily moving higher.
17. Expect India VIX also to coop down a but.
18. Expect it to drop to levels of 15 in short span.
19. Nifty might trade between 22200 to 22500 today.
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