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Consolidation!! (18th July 2024)


1. U.S Markets closed higher on Tuesday.
2. All the indices closed higher. 
3. Yesterday it closed lower.
4. Net - Net in last 2 days it was flat.
5. This is just Volatility & Uncertainty in the Global Markets. 
6. U.S Futures are higher right now.
7. Gift Nifty is slightly lower right now.
8. Indian Markets on the other hand are in a consolidation phase.
9. Bank Nifty looks weak.
10. Nifty seems a bit positive.
11. It's better to buy on dips than chase this market now.
12. We are approaching the Budget and Markets are at all time highs.
13. One negative news can easily lead to a 4-5% fall in Markets.
14. Analysing the results upto now , Largecaps have not done that well.
15. Midcaps and smallcaps have been posting better results than largecaps.
16. 24450 -24500 is a good support level on Nifty to enter.
17. 52k is a good support level on Bank Nifty to enter.
18. Markets lack steam on the upside.
19. Nifty might trade between 24400 to 24700 today.


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