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Final week of August !! (23th Aug 24)


1. U.S Markets closed lower Yesterday.
2. All the indices closed lower.
3. Dow futures are trading higher right now.
4. U.S VIX closed above 17 Yesterday.
5. Yesterday was a very flat expiry day.
6. Nifty traded within 50 point range throughout.
7. Bank Nifty traded within 200 point range throughout. 
8. It was a nothing day as far as Markets are concerned.
9. Expect consolidation to continue for a while now.
10. There are no major news in the market now.
11. All results have also come out.
12. So markets are expected to consolidate & trade with a slight Bullish bias.
13. There was some profit booking in U.S Markets yesterday. 
14. It was not a trend reversal.
15. Trend reversal hasn't confirmed yet.
16. We might consolidate for a while before crossing 25k.
17. Unless some Macro tension pops up , I believe we will cross ATH this time.
18. 23900 is a bottom now for Nifty and it's a buy on Dip market.
19. Bank Nifty traded in the range which I had said yesterday. 
20. Nifty might trade between 24650 to 24900 today.

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