Impact of Dow on Bank Nifty

With Dow has been on Fire from Lower levels, All Global Markets are just joining the party & considering there won't be any major cues tonight from US Markets, expect our Markets to maintain Bullish Stance for the day. Dollar Index has been cooling off, which is good for Emerging economies, also VIX has been falling off from 25 Levels to 21.5.. expect to open below 21 today, which will further help Bulls. 

The only worry for India will be Crude, which is on a Strong rally, which may cause a concern later. Watch for 16500 Levels on Nifty Futures, if we can stay above this Level for 30 Mins with Volume, expect Nifty Gap to get closed at 16650 levels. Still major worries intact, so to me unless we clear 17 K levels, All these will be considered relief rallies & Enjoy as they come. Most Importantly as a trader, we need moves & need them on both sides. So, it will be a Buy on Dips Markets for me atleast for the day. See You All In Mentoring. 

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