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Final hour Selling !! (6th Feb 2024)



1. U.S Markets closed lower yesterday.
2. Dow Jones at one point of time was down 500 points.
3. There was some recovery during the day and it closed 200 points lower.
4. Asian markets are under pressure.
5. Gift Nifty indicates very flat opening. 
6. Yesterday was a very sideways day in first half.
7. Nifty was trading within 100 point range of 21850 to 21950.
8. Both Nifty and Bank Nifty were trading with heavy Volatility within this band.
9. In the last 30 minutes , Nifty broke 21850 and then it went on to fall further.
10. Paytm stock nosedive another 10% Yesterday.
11. Paytm stock has halved in just 3 trading sessions.
12. There will be many stocks which will go through lower circuits & you won't get an exit.
13. Stocks that come to my mind are railway stocks.
14. Railway stocks have become largely overvalued and are going up on Euphoria. 
15. Time to book out of them.
16. They may go up another 10-15% and then start to correct.
17. But for that 10-15% are you able to risk so much money on the table?
18. Nifty has come near its first important support of 21725-21750 and a pullback is possible from here.
19. Nifty might trade between 21750 to 22k Today.

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