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Phenomenal Rally Yesterday (2nd April 2024)



1. U.S Markets closed lower Yesterday.
2. Dow Jones & S&P 500 closed lower whereas Nasdaq closed higher.
3. Gift Nifty is indicating a large gap down of 100+ Points.
4. Asian Markets are mixed.
5. Yesterday was a Phenomenal all round rally in stock markets.
6. The best thing about Yesterday's rally was the Advance - Decline Ratio.
7. Advances were 2000+ whereas Declines were just 200.
8. Portfolios have began to repair after the March damage.
9. Small cap index up by more than 3% yesterday. 
10. Markets are firing on all cylinders.
11. Today , expecting markets to stay choppy.
12. Markets are finding it difficult to cross its ATH.
13. Today's dip should be bought into.
14. Expect all time high to get breached this week.
15. Once we cross all time high another big rally indications would begin
16. Follow the trend until it Bends.
17. Trend is up & currently there are no downward indications.
18. I would re evaluate my longs only if 22250 breaks.
19. Until then short term trend is intact
20 Nifty might trade between 22200 to 22500 today.

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