Pre Market Report
- Crude oil has clearly settled down- long term positive for India’s economy/markets
- Global markets are mixed - US outperformed but Asian markets mixed
Positional -
- Markets are showing resilience/bullish demeanor
- A cool off in the market can make long positions attractive
Intraday
- 24,000 is the next big resistance on Nifty.
- Any rejection from that level creates good intraday opportunities
- Today’s Nifty’s weekly options expiry- volatility should be expected
