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U.S FED Comments !! (20th Aug 2024)



1. U.S Markets closed higher Yesterday. 
2. All the indices closed higher.
3. Dow futures are trading higher right now.
4. U.S VIX is now below 15.
5. This is a very good sign and VIX below 15 indicates stability and continuity of Bull Markets.
6. Yesterday was a ranging day for our Markets.
7. Nifty traded within 100 point range.
8. Nifty Bank was the underperformer. 
9. Mid & Small caps were the outperformers Yesterday. 
10. Expect this to continue for some time now.
11. It is now a buy on Dip market.
12. Yesterday there were comments that U.S is out of recession.
13. Recession fears have clearly subsided now 
14. 24400 is a good support now for our Markets.
15. Next resistance now is at 24650.
16. Once 24650 is crossed , we would be heading towards 24800 and then 25k.
17. It's going to be a slow and steady ride.
18. 23900 is a bottom now for the short term.
19. Nifty might trade between 24500 to 24800 today.

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