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Money Shifting to Largecaps (7th March 2024)


1. U.S Markets closed higher Yesterday.
2. Right now , Dow Futures are lower.
3. Asian markets are lower.
4. Gift Nifty is indicating a 60 point gap up opening.
5. Markets have started this March month with a Bullish tone.
6. Yesterday Nifty bounced back sharply from the crutial support of 22250.
7. We closed at another record high yesterday. 
8. But nobody is happy or excited with this record high.
9. This is because all the portfolios have gone down in last 4 days.
10. Only the Frontline indices are going higher & the broader markets are in deep pain
11. Bank Nifty has been outperforming quite sharply now.
12. It's now close to all time highs.
13. Actually , the current correction in mid & Small caps was much needed. 
14. Stocks have gone through the roof & valuations were crazy.
15. This just cannot go on for life.
16. Everybody was talking about quitting everything and coming to stock markets as there is easy money here.
17. When this situation happens , markets generally give a reality check to investors.
18. We have closed at the highest point of the day yesterday and at new high.
19. Naturally the markets are Bullish.
20. Nifty might trade between 22350 to 22650 today.

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