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ECB Cuts Interest Rates !! (10th June 2024)



1. U.S Markets closed lower on Friday.
2. U.S Futures are trading mixed right now.
3. Asian markets are mixed.
4. Global cues are mixed currently.
5. RBI has kept the rates unchanged.
6. Good thing is it has raised its GDP guidance.
7. This will be a positive boost for the Markets.
8. Nifty all time high is 23300.
9. Friday we have closed exactly near this level.
10. Expect markets to consolidate near this level.
11. Next resistance will be at 23500
12. Many people are running behind political based stocks like heritage foods etc.
13. Also I'm receiving many DM's regarding the same.
14. Advice would be not to chase stocks based on political view.
15. Choose evergreen companies where no matter if external factors change, it won't effect the company.
16. Companies dependent on external factors should be avoided.
17. Those who have missed the rally have a good entry point near 23100-23200.
18. VIX is also near zone currently and is now below 18.
19. Nifty might trade between 23100 to 23400 today.

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