26 Aug 2024 WORLD MARKETS 1. All the world markets have turned bullish. This may be due to an anticipation of Fed cutting interest rate by 50 bps in the next fed meeting. INDIA VIX AND GIFT NIFTY 1. India VIX is below 13 indicating more bullishness. 2. GIFT Nifty indicating 105 points uptick at 24930. This amounts to 51200 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is still in a range of 1615 - 1640. 2. ICICI Bank is bullish and has support at 1193. 1217 is a strong resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 24800 - 24840: No trade. 2. NIFTY OPEN ABOVE 24850: Buy any dip to 24800. 3.NIFTY OPEN BELOW 24840: Wait for a move above 24900. 4.BANK NIFTY OPEN BETWEEN 51860 - 51005 : No Trade. 5. BANK NIFTY OPEN ABOVE 51005: Wait for a consolidation and break above 51200 decisively. 6. BANK NIFTY OPEN BELOW 51860: Wait for a consolidation and break below 51750 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.