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Large Caps outperform (6th Dec 2023)



1. U.S Markets closed mixed yesterday. 
2. Right now , Dow Futures are flat.
3. Asian markets are lower.
4. Gift Nifty is indicating a gap up 30-40 points.
5. U.S VIX fell Yesterday. 
6. Yesterday was a kind of a distribution day.
7. Money flow in the short term has been shifting to value driven stocks 
8. These value driven stocks are mostly the large caps.
9. Also in the large caps the finance space is on a roll.
10. Bank Nifty now has also hit all time high
11. So the Banks which were also lagging behind have joined the party.
12. This Bank Nifty is also taking Nifty higher.
13. FII's have begun buying now.
14. When FII's buy they don't check where the market is etc.
15. They just keep ok buying.
16. Hdfc bank is now up more than 6% just in last 1 week.
17. Nifty now has strong support at 20700.
18. This rally cannot go on in a straight line so we are facing Dips.
19. This continues to be a buy on Dip market.
20. Nifty might trade between 20700 to 21000

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