Big Picture:
- US-Iran war is winding down (seems that way)
- Overnight, the US markets were mixed
- Brent crude is around $80
- Asian markets have a bearish bias this morning
Positional
- 24,500 seems to be conquered by Nifty
- The bias has turned from rangebound to bullish
Intraday
- Today is weekly options expiry of Sensex
- Apart from volatility, expect CAS induced spikes in the last 30 mins
- Exiting all trades before 3:00 will be prudent (definitely not sell options after 3:00)
- The first half can see some selling pressure
- Dips towards 24450-500 would see some buying in
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