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Global Markets Correct !! (4th Sep 24)



1. U.S Markets crashed yesterday. 
2. Dow futures are lower right now.
3. Asian Markets are all down.
4. Gift Nifty indicates a 100 point gap down opening.
5. Yesterday Dow closed 600 point lower.
6. This must be the lowest single day close for Dow  in last 6 months.
7. U.S VIX jumped 33% in just a day and is now above 20.
8. U.S Markets are such crazy Markets.
9. VIX can jump 150% in just a day without major news flow.
10. Yesterday's correction was led by Nividia.
11. It was down 10% Yesterday. 
12. Largest single one day correction in the stock.
13. Yesterday Bank Nifty showed some strength in the 2nd half of the trade
14. Banks are becoming a value buy right now.
15. Banks are 4% away from record highs currently.
16. If Banks catch up and hit a record high , they can itself take Nifty to 26k.
17. 25150-25100 is a major support zone for Nifty.
18. 25k is a very important support now on Nifty as we have highest put OI there.
19. As long as this holds , the view is positive & it's a buy on Dip market.
20. If this breaks decisively , then there might be more downside.
21. Nifty might trade between 25100 to 25350 today.

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