1. U.S Markets crashed Yesterday.
2. Right now U.S Futures are higher.
3. Gift Nifty is down 50 points.
4. We are going to open close to 19600 today.
5. Asian markets are mixed right now.
6. All the U.S Futures are trading in Green right now.
7. Last 2 trading sessions markets have consolidated.
8. Nifty was trading in a band of 19600 to 19750.
9. Bank Nifty between 44400 to 45k.
10. This consolidation was good as Markets before that were falling.
11. Consolidation takes the excesses out from the markets.
12. Gives rise to a fresher move.
13. U.S VIX was up 15% Yesterday.
14. Such was the panic yesterday in Global markets.
15. Bigger move would come in indices only when major levels have been taken out.
16. Only when Nifty either breaks 19600 or 19750 you could expect a trending move.
17. Until then markets would consolidation.
18. Trading the boundaries of the range is a good idea.
19. Look to buy at the lower end of the range and sell at the upper end of the range
20. Nifty might trade between 19550 to 19750 today.
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