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Welcome April !! (1st April 2024)




1. U.S Markets closed mixed on Thursday. 
2. Friday was a holiday for U.S Markets as well.
3. Asian Markets are higher.
4. I expected Thursday expiry to be rangebound but it was a big surprise.
5. Markets had big rallies during the Monthly expiry.
6. Nifty at a point of time was up 300+ Points. 
7. After 2.30 pm there was a severe profit booking.
8. Nifty fell 150+ Points from day high.
9. Such was the severe profit booking that happened in the Index.
10. April month data looks Bullish.
11. Although we fell from 22500 levels which is the all time high level of Nifty it cannot be termed as reversal.
12. Bullish momentum is still intact 
13. It's just a matter of time before we cross all time high on Nifty.
14. Bank Nifty also looks Bullish.
15. Next rally upto 23k levels on Nifty will be lead by largecaps and there are already indications about the same.
16. Now , it's not like 2023 phase where you buy any mid or small cap and it starts going up.
17. All stocks are not going up currently.
18. There is a divergence between performing and underperforming stocks.
19. Nifty might trade between 22200 to 22500 today.

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