Intraday
ES Range Expectation for PPI and the Friday SessionToday we're looking at ES e-mini futures for an expectation of the amount of range we could do. We take a look at both the upside and downside to get a view on where the boundaries of normality would be to aid us in framing intraday trades.
Yesterday's CPI Inflation data provided us with the 2nd large range day in a row (big range days tend to cluster) and today we're about to get the PPI data that usually follows the day after but is a bit more forward looking on inflation expectations. In short it could be another catalyst for another large range day.
Review and plan for 10th July 2024Nifty future and banknifty future analysis and intraday plan in kannada.
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----Vinaykumar hiremath, CMT