1. U.S Markets closed higher Yesterday.
2. All the indices closed higher.
3. Also , U.S Markets rallied on Wednesday too.
4. Last 2 trading sessions , Dow , S&P 500 and Nasdaq are up 2-3%
5. This is on the back of Lower than expected Inflation numbers.
6. Right now , Dow Futures are slightly higher.
7. U.S VIX has crushed below 15 now.
8. Gift Nifty is indicating a gap up of 170 points.
9. Will this gap up sustain is the most important Question to be addressed today.
10. Indian Markets are under pressure since the beginning of August.
11. We have not been able to close above 24400.
12. There's a lot of inherent weakness in the markets.
13. India VIX is also likely to go down below 15 levels.
14. Markets are not out of the woods and you should not hurry up in going all in.
15. Still there's no complete reversal yet.
16. Hdfc bank & Bank nifty both are near crutial support levels currently.
17. 49600-49500 is the final support zone for Bank Nifty.
18. Nifty range is 24000 to 24500.
19. Nifty is trading with high Volatility in this range.
20. U.S VIX crashed 12% Yesterday and closed below 19 which is a good sign.
21. There was huge Call writing yesterday so if market stages a reversal it could be big.
22. Nifty might trade between 24100 to 24500 today.
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