Major Cues:
- US-Iran war flared up over the weekend
- As a result, Brent crude jumped up to $90
- Asian markets are bearish this morning
- HDFC Bank’s CEO stepped down
- MSCI rebalancing today
Positional
- We are in a listless market that has no intent to make a directional move
- On the downside, 23850-24000 is the only zone that can protect the bulls
- The problem is that there’s no good news coming from any direction
Intraday
- HDFC Bank’s reaction will be the highlight of the first half
- If it reacts well to the news, the market can see some stability
- The last 30 mins will be dominated by MSCI rebalancing-WATCH OUT!
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
