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Absolutely Dead Market !! (28th Nov 2023)



1. U.S Markets closed slightly higher on Friday.
2. Yesterday our Markets were closed and U.S Markets closed slightly lower.
3. In total 2 days combined U.S Markets have gone nowhere.
4. Friday how much it was up , Yesterday the same it was lower.
5. Right now , U.S Futures are higher.
6. Gift Nifty is up 40-50 points.
7. Asian markets are mixed.
8. U.S VIX is now below 13.
9. Markets are stuck in a range and are going nowhere.
10. Good news for the Bulls is Markets are in consolidation.
11. They have not corrected even after a large rally of 1000 points from 18850 to 19850.
12. The next trigger would come from December 3 election results.
13. Until then the markets could keep chopping and test your patience.
14. There is a bit of stock specific action so its better now if you focus on stocks than indices.
15. HDFC Bank to me has bottomed out near 1450 and it as excellent long term bet.
16. Majority of the large caps are Bullish.
17. So until a fresh trigger emerges markets could keep boring you.
18. 19700 to 19900 is the range for Nifty.
19. Risk - Reward lies in buying at the lower end of the range or shorting at the upper end of the range
20. Both the trades to be done with strict stoploss.
21. Nifty might trade between 19700 to 19900 today.

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