1. U.S Markets closed mixed yesterday.
2. S&P 500 and Nasdaq closed flat.
3. Dow Closed higher.
4. U.S VIX was up 4% 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 gap up of 50 points.
8. Yesterday was a flat day for our Markets.
9. Expecting the sane today as well.
10. Markets are now in a consolidation & jittery mode until Fed meeting.
11. Bank Nifty was a consistent underperformer since the Budget.
12. This is because Bank Deposits were reducing & they were coming into Stock Market.
13. Now Banks have started to perform.
14. Nifty is already at all time high whereas Bank Nifty is still 2-3% away
15. We are in a buy on Dip market.
16. 25200 - 25500 is the range for Nifty.
17. Expect Nifty to trade in the above range until Fed meet.
18. Stay with the trend because one doesn't know when you will be rewarded.
19. Sudden moves might come anytime without you being prepared as it happened on weekly expiry.
20. Focusing on 100 points short trades will make you lose 500 points on the upside.
21. Nifty might trade between 25200 to 25500 today
Comments