1. U.S Markets closed mixed Yesterday.
2. All the indices closed flat.
3. Right now , Dow futures are higher.
4. U.S VIX was up 2% Yesterday.
5. VIX is slightly inching higher because of the Fed meeting coming closer.
6. Asian Markets are mostly higher.
7. Gift Nifty is indicating a flat opening.
8. Yesterday was a flat day for our Markets.
9. Expecting a similar move today as well.
10. Markets are now in a consolidation & jittery mode until Fed meeting.
11. Here is my take about Fed event.
12. I am not an astrologer nor a predictor so I don't predict what Fed will do because that's not in my hand.
13. I analyse all the situations along with risk reward and make a plan accordingly.
14. If Fed doesn't go with a rate cut then market would definitely take it adversely and we may fall 3-5% in quick time.
15. If Fed goes with a 25 basis points rate cut, then Fed Commentary would be important
16. If in Commentary, Fed indicates that in next meeting 25 basis points would be cut , then I see no adverse impact on the markets.
17. If 50 basis points would be cut then markets would take it positively.
18. The only fear from the Fed event is that Markets are already at all time high before the Fed event in anticipation of a rate cut.
19. Profit booking could be round the corner anytime.
20. Nifty might trade between 25200 to 25500 today
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