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Buy on Dip? (27th Nov 24)


1. U.S Markets closed higher yesterday. 
2. Asian markets are higher right now.
3. Right now , Dow futures are higher.
4. U.S VIX is now below 14.
5. VIX below 14 indicates low Volatility and less fear in the markets.
6. Gift Nifty is indicating a gap up of 20-30 points.
7. Tomorrow we have the monthly expiry.
8. Today is a day before the expiry.
9. Many option sellers would build positions today.
10. Markets have been in a strong grip since Friday.
11. FII's have also began to buy.
12. Confidence is coming back in the markets.
13. Markets would go up slowly and steadily.
14. It won't be like previous times where recovery would happen in weeks.
15. Once the market gets the confirmation that on ground consumption has been good then we would rally.
16. Right now , markets in a range of 24000 to 24500.
17. It's much likely that Nifty would expiry here itself.
18. On the other hand,  Bank Nifty is quite strong.
19. It's just 3-4% away from its ATH
20. Nifty might trade between 24100 to 24350 today.

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