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Buy on Dip (3rd June 2023)


1. U.S Markets closed higher on Friday.
2. Right now , Dow Futures are flat.
3. Asian markets are higher.
4. SGX Nifty is indicating a gap up of 20 points.
5. Friday was a total surprise day.
6. Nifty opened with a gap up close to 18100.
7. After market open there was a dip of 30-40 Points Max.
8. This dip got bought into and 19100 got crossed.
9. As soon as 19100 was crossed , Nifty touched 19200.
10. It was again a fantastic rally.
11. Last 2 trading sessions , Nifty is up 350 points.
12. All this has happened with large gap ups.
13. Bank Nifty is also in a dream run.
14. It has also been steaming ahead along with Nifty. 
15. Now my advice is to wait for dips and then Nifty
16. Do not chase the market now.
17. It has already been sitting on a huge rally.
18. Chasing the gap up doesn't make risk - reward in your favour. 
19. A  80-100 point dip would be a good opportunity to enter.
20. Nifty might trade between 19000 to 19300 today.

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