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Consolidation (2nd August 2023)

1. U.S Markets closed mixed Yesterday. 
2. Dow Jones closed mildly in Green.
3. Rest of the indices closed lower.
4. Right now , Dow Futures is lower.
5. Gift Nifty is down 40-50 Points.
6. Asian markets are mostly lower as well.
7. It's a sort of Consolidation going on in the markets.
8. Markets are trading flat in between 19600 to 19800.
9. Within this range , Nifty is swinging like a pendulum.
10. Bank Nifty range is 45300 to 45800.
11. Both the Indices are moving at tandem.
12. Yesterday's expiry was quite flat.
13. FIN Nifty traded flat for whole of the expiry.
14. All option buyers in FIN Nifty lost huge.
15. Markets are likely to consolidate for few more sessions.
16. 19600 is the buying zone.
17. 19800 is the selling zone.
18. Unless we don't get any signs of range breakout we won't have to take one side view 
19. Nifty might trade between 19600 to 19800 today.
20. Post this fed rate hike markets have become dizzy.

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