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Closing above 25k today? (10th Sep 24)




1. U.S Markets closed higher Yesterday. 
2. All the Indices closed higher.
3. It was a broad based rally yesterday in which all the indices participated. 
4. U.S VIX crashed 13% Yesterday. 
5. U.S VIX is now below 20 which is a good sign of Stability. 
6. Our Markets closed at the highest point of the day yesterday. 
7. This indicates strength in our Markets.
8. This also shows momentum is with Bulls.
9. The larger trend is Bullish now 
10. Bears can scream for 1-2 days max in thus market but it's ultimately the Bulls that are ruling.
11. Gift Nifty indicates an opening closer to 25k.
12. Majority of the option premiums collapsed yesterday. 
13. This is because India VIX crashed 6% Yesterday. 
14. Now the larger range for Nifty is 24750 to 25250.
15. This is the 500 point range in which Nifty is likely to spend this expiry.
16. Bank Nifty finally has shown signs of outperformance yesterday. 
17. Yesterday's low of 24750 is now a good support for rest of September expiry.
18. Same applies for Bank Nifty too.
19. This Is a buy on Dip market and continues to be so.
20. Yesterday I predicted Nifty range between 24750 to 25k and Nifty traded exactly within that range.
21. Nifty might trade between 24850 to 25100 today

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