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Bullish Momentum to Continue? (5th March 2024)



1. U.S Markets closed higher Yesterday.
2. Right now , Dow Futures are slightly higher.
3. Asian markets closed higher.
4. Gift Nifty is indicating a 30 point gap up opening.
5. Markets have started this March month with a Bullish tone.
6. We are consolidating after a stellar rally on Friday.
7. Markets yesterday were flat and in a consolidation phase but the underlying tone was Bullish.
8. Group B stocks have started to come off from their highs
9. I was Pointing out since quite some time that next 1000 point rally for Nifty largecaps would be outperforming.
10. Small & Mid cap stocks have started to follow fundamentals after a one way rally.
11. This rally which had happened in last one year had to come at a halt somewhere.
12. Yesterday the declining stocks were double than that of Advancing.
13. This has been the trend going on since last week.
14. Now the real test of investors would come out.
15. Each and every stock no matter what the fundamentals had went up last year.
16. Now markets would follow the fundamentals and ignore the noise.
17. You have to very selective in stock market and your research should be top notch
18. Immediate stoploss is 22300 for long positions and resistance is at 22500.
19. Nifty might trade between 22300 to 22600 today.

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