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Markets gaining Momentum? (4th Dec 24)


1. U.S Markets closed mixed Yesterday.
2. Asian markets are higher right now.
3. Right now , Dow futures are higher.
4. U.S VIX is now close to 13.
5. This indicates low Volatility & Stability in the markets.
6. Yesterday was a smooth intraday trading day without any swings.
7. This was expected as India VIX is dropping below 15.
8. VIX below 15 indicates less Volatility and sustained uptrend move.
9. Yesterday we closed above the big Hurdle of 24350.
10. Today we have another big Hurdle to take out.
11. This Hurdle is 24500.
12. Markets generally on Wednesday are a bit Volatile as its a day before weekly expiry.
13. Positions are being built by traders today for the expiry.
14. If 24500 is taken out we would be targeting 24700.
15. Many shorts are yet in the system & they are likely to be trapped in coming time.
16. In spite of negative news since many days regarding GDP , GST increase etc markets keep going higher.
17. When markets go higher on bad news that means a bottom has been made.
18. It's a buy on Dip market currently. 
19. Nifty might trade between 24300 to 24600 today.

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