CAS Update
An amazing news for traders! The babus sitting at SEBI finally realized how big of a cluster f they created and how much damage it has done to the trading community. The process will still take time (with the consultation paper and what not) but it looks like something good will come out of it- fingers crossed.
Major Cues:
- US-Iran war continues
- Brent crude stays elevated at $96 per barrel
- US markets were bullish last night
- Asian markets are bullish this morning
Positional
24k seems to have become some kind of a joke. Until Nifty breaks away with its obsession with 24k and make a decisive move, it’s really hard to see where the market is heading.
Intraday
- Not much of a conviction in either direction
- Because the global cues are bullish but the brent oil prices are still elevated
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