NIFTY: One "Sec" - Guard and Rock

There is a SEC then there is SEBI.

Compromise of X in Crypto ETF, then a U turn to allow, all over the space, up down and flat. If you are worried about equity volatility you have no idea what volatility is in the first place.

Blackrock stops redemptions (various reasons sighted), while Vanguard refuses to take any buy orders. One space, two stalwarts, tiny investors/speculators.

Last 5 min of move in INFY, calls for transparency, while SEBI talks and confirms inability to bring FIN influencers in the gambit. It is never going to be that easy.

US inflation comes and goes, rocks the markets, goes to sleep at the end of the day. How it wakes up is any one guess. To start UK down, DAX elections can spur a suprise so on the thin ice. DOW precarious while SPX both both dragon fly doji's. NIKKI is the new "Pearl" if not harbour.

China PPI decelerate further, while YOY CPI tad fall in deceleration. UK GDP, our inflation and Industrial production after market close.

Sector focus, Energy and IT remains interesting. One for continuation and another for direction.

Back to NIFTY, bulls made mark not yesterday but on Wednesday close. 21530 is the make or break for them. Safely holding now 21600 with an probability of move towards the 21730-750. Looks back to the grinding range. A weekly close above 21680 potential indicates higher print next week than lower, ditto a weekly close below 21570.

For the day 21600-21720 tad in favour of bulls to start.