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Welcome July !! (28th June 2024)

1. U.S Markets closed higher yesterday. 
2. All the indices closed higher.
3. Gift Nifty is indicating a gap up of 70+ Points.
4. Asian markets are higher. 
5. Indian Markets are outperforming in Asia.
6. Yesterday finally we got to know why Reliance was higher since last 2 days.
7. Yesterday there was news that Reliance has increased its tariffs.
8. That too in the range of 12.5-25%.
9. This is massive price hike by JIO
10. Reliance hit fresh all time high yesterday. 
11. There is steam left on the upside for Reliance.
12. Yesterday as expected Nifty had test 24k and closed slightly higher too.
13. Now , I sense Nifty , Bank Nifty might consolidation for some time and mid and small caps could join the party.
14. That would be interesting to watch.
15. U.S VIX is now close to 12.
16. Expect the India VIX to go lower as well.
17. Do not sell calls in this market.
18. Many traders are of the opinion that Markets have rallied a lot and it can't go more.
19. Nobody knows when the trend will stop and how longer can the trend go on.
20. Until there are signs of reversal , just follow the trend.
21. Nifty might trade between 23900 to 24200 today.

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