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50 BPS cut it is !! (19th Sep 24)


1. U.S Markets closed mixed Yesterday. 
2. All the indices closed slightly lower.
3. Right now , Dow futures are higher by 200+ Points.
4. U.S VIX was up 2% Yesterday. 
5. Yesterday the much anticipated Fed event was finally completed. 
6. Asian Markets are mostly higher.
7. Gift Nifty is indicating a 50 point gap up opening.
8. Fed Chairman Jerome Powell has cut the interest rates by 50 basis points.
9. Now the lower interest rates cycle has finally begun
10. Fed also indicated that it will take one meeting at a time.
11. To take a decision on the rate cuts etc.
12. U.S Markets were highly Volatile yesterday and there was no immediate reaction
13. Today would be the day where we could get a proper reaction for the event.
14. This Fed event was holding up the markets until now.
15. Moves were being restricted because of the same.
16. Now as this is done , markets are likely to move freely as per the trend.
17. Yesterday's resistance of 25500 is likely to be a speed breaker for today.
18. If this is taken out intraday , then we can easily have a 100-120 Points short covering rally on Nifty.
19. Nifty might trade between 25350 to 25650 today

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