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Signs of Stability in Largecaps? (12th Nov 24)




1. U.S Markets closed higher yesterday. 
2. Asian markets are mixed right now.
3. S&P 500 has crossed 6000.
4. Bitcoin has made a new High of 90k.
5. The post election Trump rally has not stopped yet.
6. Tesla us up 25% since the Election results date.
7. This has been an all round rally in the U.S Markets.
8. Also there has been rally In all the Global Markets.
9. Our Markets are currently stabilizing wrt large caps. 
10. Yesterday there was a 300 point recovery from 24000.
11. The recovery was sold into & the markets closed flat.
12. As long as 24k holds , markets would try to make a bounce towards 24500.
13. Now markets would focus on the upcoming quarter results and not on the quarter that had went by.
14. Reliance is the biggest disappointment in this fall.
15. Reliance had made a High of 3200 and now its at 2500 (adjusting 1:1 bonus)
16. This is a 20% fall from highs.
17. 20% fall from highs is officially termed as a bear market.
18. Banks are outperforming Nifty currently.
19. This is a Non directional market
20.Nifty might trade between 24000 to 24300 today.

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