Major Cues:
- US-Iran tensions continues to give headache
- Brent crude stays elevated to $93
- US markets ended in the green on Friday
- Asian markets trading with a bearish bias
Positional
- The market has gone in a no-man’s territory
- Neither the bulls nor the bears can claim victory
- 24100-600 is the broad range to work with
- The market needs some fresh new triggers to move forward
Intraday
- Tomorrow is Nifty’s monthly options expiry
- Given the broad negative cues, any rally is likely to fail this morning
- Beyond that, only the key support (~24100-50) has some reliability
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
