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Double top at all time high?? (5th Feb 2024)



1. U.S Markets closed higher yesterday.
2. U.S Markets have hit a fresh all time high on Friday.
3. S&P 500 is now close to 5k.
4. Dow Jones is trading at all time high.
5. Nasdaq all time high is 10% away.
6. Such is the Bullishness of markets.
7.Friday was a volatile trading day.
8. Nifty was up almost 500 points at a point of time.
9. Then profit booking set in and Nifty fell 300 points from day high.
10. Now the important level is 21750.
11. Bank Nifty has again started to underperform.
12. Nifty IT index is holding up the Nifty and Bank Nifty is dragging the Nifty.
13. Bank Nifty was up 700 points at a point of time on Friday.
14. During the EOD it closed negative.
15. SBI had come up with results over the weekend.
16. Profit has declined but asset Quality has improved significantly. 
17. Stock has ran up before results so we can expect some profit booking.
18. Too many queries on paytm stock , I'd just say don't catch falling knives 
19. Nifty might trade between 21750 to 22k Today.

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