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Momentum to Continue ? (5th Dec 2023)



1. U.S Markets closed slightly lower yesterday. 
2. Right now , Dow Futures are flat.
3. Asian markets are lower.
4. Gift Nifty is indicating a gap up 70-80 points.
5. U.S VIX climbed 3% Yesterday. 
6. Yesterday was a Bang on day for the markets.
7. Specially for the Bank Nifty.
8. Bank Nifty was up almost 4% Yesterday. 
9. Nifty was up 2%.
10. 90 Points gain in Nifty came out of only 2 stocks.
11. Hdfc bank & ICICI Bank.
12. These were laggards since the last 1 year.
13. Now these have started to move and how.
14. FII's and DII's both were net buyers Yesterday. 
15. FII's bought for more than 4000 crores.
16. Markets are now pricing in the same Government. 
17. This was totally unexpected for the markets as the exit polls etc nowhere predicted the same.
18. We will continue to be a buy on dips market.
19. We are trading at all time highs so the best way to trade this market is to be long unless there is a sign of reversal.
20. Bullish on Bank Nifty more than Nifty as heavyweights of bank nifty haven't performed in last 1 year.
21. Hdfc bank , ICICI & Kotak Bank all have given zero returns in last 1 year.
22. When FII money comes in , it chases the large cap banks.
23. Nifty might trade between 19500 to 19800 today.

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