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Life at Life time high (26th Feb 2024)


1. U.S Markets closed slightly higher Yesterday. 
2. Gift Nifty is indicating a flat opening.
3. Right now , U.S futures are lower.
4. Nasdaq closed at another fresh record high on Friday.
5. Asian markets are slightly lower.
6. Markets in the Month of February have been behaving quite unusual.
7. There has been extreme Volatility and then extreme ranging Markets.
8. It's a mix of both of these stuffs.
9. Reliance is close to 3k.
10. 3000 is a psychological resistance for Reliance.
11. Once Reliance crosses the levels of 3000 it would touch 3100 like a bullet.
12. There is huge Call writing at 3000 levels for Reliance. 
13. 22000 is now a very crutial support for this expiry.
14. I don't think this would break until there is some very bad news.
15. 22300 & 22400 are the resistance zones.
16. Expecting markets to consolidate for a while now.
17. Between 22200 to 22300 expect the markets to be boring & rangebound. 
18. Bank Nifty is expected to underperform nifty in the short run.
19. Nifty might trade between 22100 to 22400 today.

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