#morningnote  - first para data,
last sections contain overview, index levels and assessments. 

✅US markets recovered 
Dow +136.77 Nasdaq + 391.75 

Impending Fed meeting post trump is all about expecting sharper rate cuts. 

Asian markets opening flat to positive.

✅Crude 77.49 Gold 2771.2 DXY 107.908 10 Y US Bonds 4.524%

 ⚠️ Index gained through the day but experienced sharp sell off in the last hour. Banknifty stronger after RBI liquidity measures. Still within bearish consolidation range 47900-49800 and nifty lower than the range of 23000-23400. 

Market breadth is alarmingly low. 

23400- 49500 as first level on the upside are far off. 

For nifty 22800- 21200- 20200- 18800 are important long term support levels. 

⚠️  Major trend  continues to remain bearish as of now but pullbacks may continue. Some index future shorts exits are happening by FIIs as we near the expiry.

Strength in some index heavyweights like icici bank Bajaj twins.  

Sharp selling is counter specific and midcap continues to bleed. 

Gold duty hike in budget rumours are getting stronger.
#morningnote