Big Picture:
- The US market is doing its solo run while the rest of us are stuck
- Asian markets are kinda mixed
- Today we will watch out for monthly auto sales numbers (fingers crossed
) - Quarterly earning season is also around the corner
- Otherwise, it’ pretty much the same nonsense
Positional
- 24200 and 23800 are the two key zones
- Any decisive breakout either way will lead to expansion in that direction
- The current setup seems like a trap for the bears
- If 23750-800 is not breached soon, a powerful short covering rally is on the cards
Intraday
- Today is starting of a new F&O series
- Honestly have no idea what’s going to happen
- Level based trading (23800-24200) usually is the default approach
- The rest is in the hands of the market overlords.
- Watchout for the short covering rally (mentioned under positional)
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
