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Good Morning Team, With Fed Meeting outcome with no Rate Hike Markets were looking for the Commentary & that seems to be more Hawkish than expected has spooked the US Markets in 2nd Half. But it will be interesting to watch Indian Markets as both BN & HDFC Bank is at Crucial support & they need some positive cues from Global Markets. Unfortunately that's not to be the case in the morning. Now more than Brokerage firms upgrades on HDFC Bank, we need some fresh Domestic cues which need to trigger a rally or it may look like Sell on rise Markets with Nifty Expiry in Picture, it may look a Choppy Picture. Overall expecting it to be a Sideways day with Negative bias. Happy Trading 👍
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Good Morning Team, With Back To Back fall Nifty & BN seems to be fairly with Bear Grip, but what's surprising is VIX factor as it seems to be headed lower. Now that India<>Canada tensions bringing this negative sentiment, things might change once we hear the word de-esclation. So when it's News, please be careful, more than the charts & Indicators...News takes precedence & considering the way our Markets have been falling, unless we get some fresh negative cues we may start to settle a bit. On Global front US Bond Yields heading to territory not seen for a long time & that's not going to be a Good News For Equity Markets in the upcoming months. Overall, we may see some shaky recovery, but not a confident reversal till we get this Canada news out of the way or some bigger news to take it over. Happy Trading 👍
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Good Morning Team, With our Markets clearly joining Global ranks & every rise is getting sold, we need some Big positive cues to make a turnaround or we might see some pressure come in the 2nd Half. But what's more interesting is to see is how VIX has been behaving. Maybe this might the first instance where Markets have fallen more than 600 Points & VIX hasn't even reacted, though it might be due to Long Unwinding, but inspite of some shorts coming into the system we haven't seen VIX moving anywhere, which is scary for Sellers, as we might see one of those days where BN can rally upto 1000 to 1200 Points & Nifty around 400 Points on Upside. Overall Global cues seems to be mixed for the day, hence expecting the Markets to be Choppy with Good Scalping Opportunities. Happy Trading 👍
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Good Morning Team, Yesterday was Midcaps Day with violent moves on both sides, though it can be attributed to Expiry reasons, still the way recovery happened it clearly suggested some Buying emerging at lower levels for the Index. Also that lifted the sentiment for Nifty & BN, as they both are at Crucial support territory. Last night US Markets didn't do much, expect to close in Positive territory, but the US Bond Yields are definitely showing different picture, with US 10 Year crossing 4.5 levels last seen in 2007. Now, this is definitely gonna spook Equity Markets some day & it's about when??? In the Morning US Futures trading with deep cuts & Asian Markets is following suit, expect some Crack in our Markets too at open. Again we have FinNifty Expiry expect some Crazy fireworks on that front. Overall though it's Low VIX, Low IV environment, but the way Markets does Volatility, I'm sure many would burn their fingers not only now, but as we scale up to High IV Environment as things have changed with Daily Expiry scenarios. Happy Trading 👍
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