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Consolidation!! (10th Apr 2024)



1. U.S Markets closed flat Yestersay.
2. Right now , Dow Futures are flat.
3. Asian markets are mixed.
4. Gift Nifty is indicating a gap up of 20 points.
5. U.S VIX crashed 2% Yesterday.
6. Yesterday our Markets hit a new of 22750
7. This has become a common phenomenon now.
8. We have reversed from 22750 levels on Nifty yesterday. 
9. 22500 PE has the highest OI fir weekly expiry.
10. 22800 CE has the highest OI among calls.
11. Yesterday Bank Nifty reversed exactly from 49k.
12. This is because 49k CE has the highest OI among calls.
13. Bank Nifty range is 48-49k for tomorrow expiry.
14. In Ranging markets , it's advisable to buy at lower end & sell at upper end of the range.
15. Markets are looking a bit tired and a bit steamed out at top.
16. Consolidation would make way for the next rally.
17. For a little over short term view expect nifty to reach 23k soon.
18. Targets can be said but time frame is difficult to say.
19. Follow the range to make money if you are a trader.
20. Nifty might trade between 22450 to 22750 today

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