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Fast paced Volatile Markets (15th March 2024)


1. U.S Markets closed lower yesterday.
2. Right now , Dow Futures are lower.
3. Asian Markets are mixed right now.
4. Gift Nifty is indicating a flat opening.
5. Day before yesterday , there was a big fall in mid & Small cap stocks.
6. Mid & Small cap stocks , stress test of Mutual funds etc have been buzzing since last week.
7. The fall in mid & Small cap stocks was necessary to take the excesses out.
8. These stocks were rising like no tomorrow & Euphoria was reaching peak levels.
9. A decent correction has taken out the excesses & overvaluation.
10. Now I don't expect crash from here.
11. 21850 is a strong support for Nifty.
12. Had mentioned the same on whatsapp status yesterday. 
13. Basically the range now for Markets is 21850 to 22450.
14. Markets are trading with huge Volatility within this range.
15. Also there are large intraday swings in between.
16. Either trade at extremes or stay out.
17. This is a fast paced swinging market.
18. Stoploss should be very precise.
19. Nifty might trade between 22050 to 22400 today

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