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Lack of Strength!! (24th Oct 24)


1. U.S Markets closed lower yesterday 
2. Asian markets are higher right now.
3. U.S VIX is now close to 20.
4. Gift Nifty is indicating a gap down of 50 points.
5. U.S Futures are higher right now.
6. Tesla has given a Beat on earnings front.
7. This drove a positive sentiment in the pre market.
8. Yesterday was a consolidation day but it was with some Volatility 
9. Volatility is not settling down and markets have gone crazy.
10. Yesterday I mentioned there won't be a swift recovery as it used to be in the past.
11. Market would take its own time , consolidate and move higher slowly.
12. Many of the stocks are down 20-30% from highs.
13. Sector rotation has been happening across the board.
14. Many stocks would go 10-20% even lower from here.
15. Money making won't be easy now.
16. Only good stocks would be rewarded.
17. Rest would be thrashed.
18. Bank Nifty is much more stronger than Nifty currently. 
19. If Bank Nifty holds on to 51k it can stabilize Nifty today.
20. Nifty might trade between 24350 to 24700 today.

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