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Time to Consolidate!! (7th Dec 2023)



1. U.S Markets closed lower yesterday 
2. Right now , Dow Futures are mixed.
3. Asian markets are lower.
4. Gift Nifty is indicating a gap down of 30-40 points.
5. U.S VIX went slightly higher Yesterday. 
6. Yesterday was a kind of a distribution day.
7. Money flow in the short term has been shifting to value driven stocks 
8. These value driven stocks are mostly the large caps.
9. Finance space has started to attract value buying now.
10. Specially the Banking space.
11. This is what happens in a classic Bull Market.
12. There is sector rotation and money flows from one sector to another.
13. Which we call it as Sectoral Rotation. 
14. FII's have started to buy in Indian Markets.
15. They have been net sellers in last 2 years.
16. Now , due to upgradation of India overseas by many credit rating agencies they are looking to come back.
17. 21,000 is a psychological resistance as its a new round number.
18. 47k for Bank Nifty is almost the same.
19. Expecting markets to consolidate in half a percent range until we go to the RBI monetary policy.
20. View is Bullish and use dips to add on to long positions.
21. Prefer buying in Monthly options as you have time in your favour.
22. Nifty might trade between 20850 to 21050 today.

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