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Consolidation?? (26th Dec 2023)



1. U.S Markets closed flat on Friday
2. Right now , Dow Futures are higher.
3. Asian markets are mixed.
4. Gift Nifty is indicating a gap up opening of 20-30 Points.
5. U.S VIX hasn't changed much from Friday.
6. India VIX if goes once below 11 then Volatility will subside.
7. Last week of December is always  subdued.
8. This is because there is a holiday mood for FII's.
9. Christmas and New Year week for FII's so they be away from markets.
10. India as well there is a holiday mood so the volumes dry up.
11. In these dry volumes there is a possibility of fake breakout or breakdown.
12. Not getting trapped in the same is the key.
13. We have only 3 trading days for expiry now.
14. Option premiums are comparatively better this time around.
15. There are many events coming by.
16. Union budget in Feb and elections
17. These are 2 very big events for the markets.
18. So not expecting VIX to go significantly lower given the events to occur.
19. 21000 to 21600 is the range for Nifty now. 
20. Expecting nifty to expire anywhere within this range.
21. Nifty might trade between 21150 to 21450 today.


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