Big Picture:
- US markets mixed
- Brent crude has significantly fallen
- Asian markets well in the green
Positional
- Battlelines are drawn between the bulls and the bears
- Bulls defended 23,800 ferociously yesterday
- Bears will try to defend 24,200 today
- With the earning season around the corner, looks like bulls may have the upper hand
Intraday
- Today’s Sensex’s weekly options expiry
- After yesterday’s massive pullback, bulls will try to retain the control
- Dips will most likely be seen as buying opportunity
- However, 24200 will see a fair amount of struggle before one party gives up
- Volatility will be the name of the game
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