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Global Markets Recover !! (9th Aug 24)



1. U.S Markets closed higher yesterday. 
2. All the indices closed higher.
3. Right now , Dow Futures are higher.
4. Asian Markets are all higher.
5. There was heavy Volatility in our Markets yesterday. 
6. Markets were all over the place.
7. Nifty was trading in between 24150 to 24350 with huge Volatility. 
8. The current nifty range is 23900 to 24400.
9. Once nifty crosses 24400 , we can expect further momentum. 
10. Yesterday was the RBI meeting & they did not change anything. 
11. It was a status Quo policy.
12. This event also created some Volatility yesterday. 
13. Now we are going to open exactly near resistance. 
14. The level of 24400
15. Closing above this level would be crutial for today.
16. U.S VIX crashed 12% Yesterday and is firmly below 25.
17. This is a very good sign.
18. One can consider momentum in the markets when Nifty crosses 24400.
19. Until then it's a ranging market and the range is 23900 to 24400.
20. Nifty might trade between 24150 to 24500 today.

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