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Jittery Markets !! (13th Aug 24)




1. U.S Markets closed mixed Yesterday. 
2. All the indices closed flat.
3. Right now , Dow Futures are slightly higher.
4. Asian Markets are mostly higher.
5. Gift Nifty is indicating a flat opening.
6. Over the weekend,  there was lot of Drama over the Hindenberg report.
7. Yesterday there was a panic because of the report for first hour and then Markets were stable.
8. So clearly Markets have moved ahead now.
9. Secondly , markets appear indecisive currently.
10. Markets are trading with heavy Volatility within a Range.
11. Yesterday our Inflation numbers were released and they came in at below estimates.
12. It was expected around 3.7 but it came around at 3.58.
13. This is a positive trigger for our Markets as lower Inflation could ensure a faster rate cut.
14. Markets are waiting for the Inflation numbers to be released from U.S Tomorrow. 
15. Thats why Markets are Jittery currently.
16. I also expect markets to be Jittery until Inflation numbers Tomorrow. 
17. 24200 to 24500 is the range now on Nifty.
18. Bank Nifty is expected to outperform Nifty for some time now.
19. It's a volatile Market within a very narrow range.
20. Nifty might trade between 24250 to 24500 today.

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