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Stay Cautious ⚠️ (12th Sep 2023)



1. U.S Markets closed higher Yesterday.
2. Right now , Dow Futures are slightly lower.
3. Gift Nifty is up 70-80 points.
4. Asian markets are mixed right now.
5. Well who expected such a phenomenal rally in the stock market.
6. In just 7 trading sessions from the low of 19250 on Nifty we have now breached 20k.
7. This is a staggering and beyond expectations kind of rally.
8. Nifty at 20k previously is much more different than Nifty at 20k now.
9. Previously,  few largecap stocks kept moving higher and the broader market wasn't participating much.
10. Now the star of the show is the broader markets.
11. Major number of stocks are now higher than the levels they were at previous 20k level on Nifty.
12. Now the major question arises is what next?
13. Markets rallying continuously almost 100 points a day without going down is a cause of concern.
14. When there are vertical rallies the fall as and when they come would also be vertical.
15. At least we should consolidate or there should be an intraday reversal to scare the weak Bulls out.
16. Always know that buyers do not take markets to higher levels , short sellers do.
17. As and when the party lasts its time to enjoy the party.
18. When there are signs of reversal , then we could consider changing the strategy.
19. One thing I'd like to advice is to stay in the market , the right opportunity would come.
20. I never expected such kind of rally in the markets but as I'm in the markets and not out of it I could benefit from the same.
21. Staying put and watching out from the boundary waiting for the right time is a stupid strategy. 
22. Nifty might trade between 19900 to 20200 today.
23. 19900 has the highest open interest in weekly options now.


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