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- Global markets are weak due to weakening growth data all across. US markets fell yesterday to mark the start of September.
- Nifty as well as bank nifty were particularly volatile yesterday, Vix kept increasing while market was going up so it crashed down.
- Today is the first expiry in the peak margin rule scenario. Let’s see what it brings for us.
- If PDL(previous day low) breaks i may sell calls but i am not betting on reversal yet, since the banknifty broke out of the range already. Short below 36100 and long above 37200.