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Global Markets rally (8th Apr 2024)



1. U.S Markets closed higher Yestersay.
2. Right now , Dow Futures are higher.
3. Asian markets are higher.
4. Gift Nifty is indicating a gap down of 50 points.
5. U.S VIX crashed 5% plus Yesterday.
6. U.S Markets after a crash on Thursday have recovered sharply.
7. Local cues are also quite Positive.
8. Results season has started with a Bang.
9. No company has disappointed in their results upto now.
10. Hdfc bank , Marico and bajaj Finance have come up with outstanding results.
11. Earnings is what drives the markers in the long term.
12. The way to make big money this month is to play the results season.
13. Yes Valuations are expensive but earnings are also moving up.
14. We are definitely not in a bubble.
15. Talking about Technicals , we have crossed the all time high and almost closed above it on Friday.
16. So the trend is Bullish.
17. In trending markets , the way to make big money is to follow the trend.
18. I see many people talking about reversals, bear markets etc and they anticipate a crash and take positions accordingly.
19. Anticipation may even cause you to go bankrupt.
20. My theory is to trade what's visible on the screen.
21. I do not anticipate movements.
22. This is a buy on Dip market and dips should be used to go long.
23. Nifty might trade between 22400 to 22700 today.

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