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Markets cross major ATH resistance!! (4th March 2024)



1. U.S Markets closed higher on Friday.
2. Right now , Dow Futures are slightly higher.
3. Asian markets closed higher.
4. Gift Nifty is indicating a 70 point gap up opening.
5. Markets have started this March month with a high positive tone.
6. It was a stellar rally on Friday.
7. It took all the traders and short sellers by surprise.
8. All the short sellers were taken to cleaners on Friday.
9. Nifty was up 350 points on Friday.
10. Bank Nifty up more than 1000 points.
11. At no point of the time was there a small intraday profit booking.
12. Markets kept rallying throughout the day.
13. Now the undertone for the markets is highly Bullish.
14. The markets are now in a blue sky zone.
15. Blue sky zone means no resistance zone as we are at all time highs.
16. Only minor resistance you can see is the Call option writers.
17. As I said in my earlier blogs , next 1000 point nifty rally is expected to be led by Largecaps.
18. We have got such glimpses on Friday.
19. Nifty might trade between 22300 to 22600 today.

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