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Will the Gap up Sustain? (25th Nov 24)



1. U.S Markets closed higher on Friday.
2. Asian markets are higher right now.
3. Right now , Dow futures are higher.
4. U.S VIX crashed 10% on Friday.
5. Gift Nifty is indicating a gap up of 300-350 points.
6. If we go as per Gift Nifty , we are likely to open close to 24200.
7. This is some phenomenal recovery
8. The Nifty low on Friday was 23250 and now we are about to open near 24250.
9. This is some insane Volatility and a strong reversal of its kind.
10. It's a thousand points reversal in just 1 trading session.
11. That's why I always advice to be ready as one never knows when does the opportunity unfold.
12. 24500 according to me is the key level for Nifty.
13. If this is crossed , I will fully turn Bullish.
14. Right now the view is slightly Bullish.
15. Maharashtra elections would change the sentiment for the markets as now we have a big political mandate from the Ruling Party.
16. FII selling according to what I know was weak results and better opportunity in U.S Markets in the form of Trump rally.
17. Earnings are likely to improve in the coming quarters and also U.S Markets have rallied close to 20% in last 3 months.
18. The sentiment and also the results should improve from here on.
19. We have bottomed out at 23250 for next 3 months at least.
20. Nifty might trade between 24000 to 24500 today.

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