Major Cues:
- US-Iran tensions - same old story
- Brent crude stays elevated to $93
- US markets ended mixed
- Asian markets are also mixed
Positional
- Same view as yesterday…
- 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
- Today is Nifty’s monthly options expiry- BIG one
- So, a lot of volatility coming up in the 2nd half
- 24000-50 will be the biggest support to look out for
- Chances are high that it would hold
- BUT if that’s taken out, a major sell off session will open up
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
