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Weekly Expiry !! (4th April 2024)



1. U.S Markets closed higher Yesterday.
2. All Indices closed higher.
3. Gift Nifty is indicating a gap up of 40+ Points.
4. Asian Markets are mixed.
5. Yesterday , on the Index level it was a mixed day.
6. But the main stocks like Midcap and small caps kept rallying.
7. It's true that in high growth environment , mid and small cap stocks perform much much better.
8. This is what is reflecting now.
9. However , the Valuations are a bit expensive in some pockets.
10. You cannot expect big returns in those pockets and they would go in a deep consolidation phase.
11. Some of examples are railway & defenceman companies.
12. These stocks have run up too quick too fast.
13. On the other hand there are many pockets where Valuations are reasonable and value unlocking is on the cards.
14. Coming to trading , we need to look at the larger picture.
15. We are in a Bull Market currently. 
16. The best thing in large trends is to follow the trend.
17. I had pointed a 1000 point rally in nifty with stoploss of 300 points at 22k.
18. I'm just carrying my longs by trailing my stops.
19. Making 20-30 points per day In stupidity.
20. Nifty might trade between 22300 to 22600 today.

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