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19200 on the Cards? (31st Oct 2023)



1. U.S Markets closed higher yesterday. 
2. All the indices closed higher.
3. Right now , U.S Futures are flat.
4. U.S VIX closed 8% lower Yesterday. 
5. Dow Jones rallied 500 points yesterday. 
6. U.S Markets have also corrected significantly from their highs.
7. All the Global Markets now seem to have coming out of the War zone.
8. 19200 is a stiff resistance for us.
9. This was because before 19200 broke around a week ago,  this low was held for around 4 months.
10. Crossing of this level of 19200 will turn markets Bullish.
11. Markers were highly Volatile yesterday. 
12. Markets didn't go up in a straight line yesterday. 
13. There was a massive fall in the first hour which got bought into in the 2nd half.
14. There are still significant shorts in the system.
15. A good thing about Yesterday's rally was the large caps joined the party after so long.
16. Last 3-4 months only Mid and small caps witnessed rallies.
17. Large caps underperformed significantly. 
18. Yesterday Reliance rallied 2% and hdfc bank was up a percent.
19. These are nifty heavyweights.
20. Nifty might trade between 19050 to 19300 today.

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