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Inflation & IIP numbers released !! (13th Dec 2023)


1. U.S Markets closed higher yesterday 
2. Right now , Dow Futures are higher.
3. Asian markets are higher
4. Gift Nifty is indicating a gap up of 50-60 Points.
5. U.S VIX fell by almost 6% Yesterday. 
6. Yesterday markets were Jittery due to Inflation numbers to be released 
7. Nifty moved within a 100 points range of 20900 to 21000
8. Bank Nifty underperformed yesterday 
9. Our Inflation and IIP numbers were excellent & this would be Positive for the markets.
10. U.S Inflation number also came as expected.
11. So no negative surprises have emerged from key numbers. 
12. Expecting markets to cross 21k soon & move higher.
13. Also expecting India vix to go below 12 this week.
14. Option Premiums are already too low currently and expecting them to go even lower.
15. Once 21k is crossed on Nifty then we would be heading to 21200 in almost no time.
16. Nifty cannot go higher without Bank Nifty support.
17. Bank Nifty should provide the initial push.
18. 20800 is a good stoploss to work with for Bullish trade.
19. Nifty might trade between 20850 to 21150 today.

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