Big Picture:
- US-Iran escalations continue
- Brent crude gone up to $90
- Our market saw a good move on Friday
- Today, we will see how it reacts to the earnings of HDFC, Reliance etc.
Positional
- 24000-500 seems to be the current range in the market
- Crude oil prices will continue to be an overhang if they stay elevated
- Earnings are okay but not great so far
- Something big needs to happen to come out of this congestion zone
Intraday
- After a day like Friday, bulls will try to buy the first dip
- However, we need to be cautious today
- If the momentum doesn’t pick up and first hour lows are broken, one bout of selling can come
- Honestly, kinda hard to say how all this will play out
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
