The Big Picture
- Geopolitical situation (US-Iran) is finally coming to an end
- Crude oil prices are sitting comfortably before $80
- US Federal reserve’s hawkish stance induced some profit taking last night
- India VIX has substantially cooled down
Positional
- The bias has clearly turned bullish
Intraday
- Today’s Sensex’s weekly options expiry (expect funs and games)
- One intraday shakeout for the bulls is on the cards
- Watch out one wave of profit booking in the first half
- Bears strike when bulls are the most complacent
- Any dip closer to 24000 will find buyers though
