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Buy on Dip !! (7th Nov 2023)


1. U.S Markets closed almost flat yesterday. 
2. All the indices closed a bit higher.
3. Right now , U.S Futures are slightly lower.
4. U.S VIX closed 2% higher Yesterday.
5. U.S VIX closed above 15.
6. India VIX is trading in a comfortable range of 10-12.
7. Yesterday was again a fantastic rally in the markets.
8. Markets closed at the highest point of the day Yesterday. 
9. This indicates markets are in a Bullish phase 
10. Trend is higher.
11. 19500 is a resistance now.
12. Generally , a day before expiry is a bit volatile.
13. So today in the first half there could be some Volatility and we might get a dip 
14. This would be a buying opportunity as in the 2nd half Markets might recover.
15. This is the trend which I'm observing since quite some time for Tuesday.
16. Bank Nifty closed around 43600 yesterday. 
17. Bank Nifty crossing 43800 indicates a big upmove to come 
18. We might pause / consolidate for some time but ultimately we would be heading higher 
19. Nifty might trade between 19300 to 19600 today 

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