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Markets Stabilizing !! (11th Sept 24)



1. U.S Markets closed higher yesterday. 
2. Dow closed lower whereas S&P 500 & Nasdaq closed higher.
3. U.S VIX corrected 2% Yesterday. 
4. Asian markets are slightly lower.
5. Gift Nifty is indicating a gap down of 30 points currently.
6. This suggests that we are going to open close to 25k today.
7. Yesterday the markets consolidated in the first half.
8. Once Nifty crossed 25k , there was increased momentum in the markets. 
9. There was a huge short covering rally once nifty crossed 25k.
10. Nifty went close to 25150 yesterday. 
11. In the last hour there was some profit booking.
12. Now 25k seems again to be a good support.
13. Today is Wednesday so markets are likely to be a bit more Volatile than usual.
14. This is the past trend which I have been observing for quite some time now.
15. Bank Nifty has also started to perform.
16. One interesting stuff from last 3-4 trading sessions is that PSU shares have began to underperform. 
17. PSU Banks have also taken a back seat.
18. Private banks on the other hand are doing much better.
19. Nifty might trade between 24900 to 25200 today

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