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Consolidation with Volatility!! (21st June 2024)

1. U.S Markets closed mixed yesterday. 
2. Dow Jones closed higher.
3. S&P 500 & Nasdaq closed lower.
4. Asian Markets closed mixed.
5. Gift Nifty indicates a flat opening.
6. Markets are trading with huge Volatility. 
7. Movement is within rangebound.
8. Expect this to continue for some time.
9. The range for Nifty is 23400 to 23700.
10. At the lower end of the range , there is buying witnessed.
11. Higher end of the range there is conjession.
12. It's like a tug or war.
13. Do not expect any major moves until this range gets taken out 
14. Bank Nifty is in a big outperformance zone.
15. All the credit goes to HDFC Bank.
16. Quality stocks test your patience but reward your conviction.
17. On numerous occasions , I had recommended HDFC Bank.
18. It tested patience , now it's finally rewarding.
19. U.S VIX was up 7% Yesterday. So expect India VIX to rise a bit.
20. Nifty might trade between 23400 to 23700 today.

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