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Consolidation ahead? (28th Aug 24)



1. U.S Markets closed mixed yesterday. 
2. All the indices closed mixed.
3. Dow futures are flat right now.
4. Asian markets are majorly lower.
5. Gift Nifty is indicating a flat opening.
6. Yesterday was again a very flat trading day.
7. There was hardly any intraday move throughout. 
8. It was flat throughout the day
9. 25k to 25100 is the range currently now for Nifty.
10. Nifty is trading within this range since last 2 trading sessions. 
11. Another important stuff is that today is Wednesday 
12. Wednesdays are generally volatile trading days.
13. As pee the past data.
14. This is a buy on Dip market.
15. There is more Steam left in the markets.
16. There are no signs of reversal yet.
17. Yesterday I gave a hint for a closing above 25k and markets behaved exactly the same.
18. I expect markets to go higher before rate cut & on the day of rate cut markets might top out.
19. This is classic buy on rumour , sell on news situation.
20. Nifty might trade between 24850 to 25150 today.

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