Major Cues:
- US-Iran war escalated overnight
- Brent crude jumped to $96 per barrel
- US markets were bearish
- Asian markets are also bearish this morning
Positional
- This stagnation in the market is getting alarming
- The negative cues are piling up but the market refuses to break down
- 24k has been holding the fort for the bulls (but for how long?)
- It’s like a hero beaten down black and blue by a villian but the hero refuses to give in
- Whether our hero fights back (like Sunny Deol) or gives in is yet to be seen
Intraday
- Only level to watch is 23950-24000
- If that region is taken out decisively in the first half, a big trend day is likely to open up
- Else, it will be the same old choppy/annoying day like the ones we have been so used to
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
