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Negative trend!! (14th August 2023)

1. U.S Markets closed mixed on Friday.
2. Right now , Dow futures are lower.
3. Asian markets are lower.
4. Gift Nifty is down 50 points.
5. Markets have been going through a volatile phase in August.
6. With no clear trend and gap ups / gap downs almost on daily basis.
7. Bank Nifty is the one facing the heat.
8. Banks expected to maintain CRR limit will face liquidity crunch.
9. This will reduce the amount of loans circulating in the economy. 
10. Bank Nifty and Nifty both are near their major support areas now.
11. 44k for Bank Nifty & 19380 thereabouts on Nifty. 
12. Today tye trading volumes & liquidity could also be lesser due to a long weekend in place.
13. Tomorrow our Markets would be closed so all the action would be over to U.S Markets. 
14. I sense that Markets are negative in short term but this isn't the time to sell.
15. Focusing purely on risk - reward equation. 
16. The markets would be choppy and not largely trending.
17. One has to deal with it the same way.
18. In spite of U.S Markets not so good closing on Friday,  U.S VIX fell 4%.
19. We could be nearing to short term bottom provided support holds.
20. Nifty might trade between 19340 to 19540 today.

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