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Rate cut in September? (19th Aug 24)



1. U.S Markets closed higher on Friday.
2. All the indices closed higher.
3. Dow futures are trading higher right now.
4. U.S VIX is now below 15.
5. This is a very good sign 
6. This indicates stable markets and lower Volatility. 
7. Gift Nifty is up more than 120 points.
8. We are about to open with a big gap up today.
9. Friday was a Volatile trading day.
10. Nifty opened 300+ Points higher exactly near 24400.
11. Then it started to sell off and came towards 24200.
12. There was a recovery then and Nifty crossed 24400.
13. Once Nifty crossed 24400, there was no looking back then.
14. There was a big short covering rally.
15. Nifty then closed at the highest point of the day.
16. August month has been largely Volatile.
17. Now 24400 is a very important support level.
18. 23900 is a bottom for short term.
19. Nifty might trade between 24500 to 24800 today.

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