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Consolidation? (25th Sep 24)



1. U.S Markets closed higher yesterday. 
2. All the indices closed higher.
3. Right now , Dow futures are lower.
4. U.S VIX was down 4% yesterday. 
5. It was a good day with some positive bias in U.S Markets.
6. Asian Markets are mostly lower right now.
7. Gift Nifty is indicating a gap down of 50 points.
8. Yesterday , Nifty hit 26k just for a few seconds.
9. After this there was a sudden sell off.
10. I sense it's a matter of time before Nifty crosses 26k.
11. 25700 PE has the highest open interest in monthly options.
12. If there's some Volatility and markets get to this level it's the time to buy.
13. Once 26k is taken out , we could expect an instant 100-200 points rally.
14. 26000 CE also has high open interest among call options.
15. We might have a volatile first half today but in the 2nd half Markets might start to move higher.
16. Also we have Bank Nifty expiry today.
17. This could decide the movement of nifty as well.
18. Its a buy on Dip market
19. Nifty might trade between 25800 to 26100 today

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