Big Picture:
- US-Iran war an overhang for the market
- Brent crude gone up to $88 per barrel
- Asian markets are mixed
- Quarterly earning season is almost over
Positional
- Market stuck in a nasty congestion zone (24500-750)
- No clear triggers to move the market either side
- Any new trigger can induce a big directional move
- US-Iran thing has the potential of being that trigger
Intraday
- Today’s Nifty’s weekly options expiry
- Watcout for the CAS related volatility
- No directional bias - like yesterday
- Bulls will try to defend 24500 for sure
- Beyond that, there’s no clear visibility
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
