Big Picture:
- US Iran war continues to spook the markets
- Crude oil prices are still elevated
- The market has become completely news driven
Positional
- No levels mean anyting in this market
- News flow will drive the market moves
- Staying nimble footed or out of the market is the best approach
Intraday
- Today’s Sensex’s weekly options expiry
- The first hour will be very volatile (after yesterday’s sell off)
- 24000-50 on Nifty will act as an intermediate resistance
- Second half is anybody’s guess- just keep watching crude oil prices for cues
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
