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Nasdaq , Gold & Silver at all time highs!! (21st May 2024)




1. U.S Markets closed higher Yesterday.
2. U.S Markets are trading at their record highs.
3. Gold & Silver are shooting up and are not willing to stop.
4. Silver is at 95k while Gold at 75k.
5. Asian Markets are higher.
6. Normally , Investors invest in precious metals like Gold & Silver for Safety.
7. That is when there is an Uncertainty around the Globe.
8. This time around,  even when markets have scaled all time highs & there's no Uncertainty,  these metals are soaring higher.
9. Coming to our Markets , we are at 22500.
10. Our Markets have been trading in a large range of 1000 points.
11. The range is from 21800 to 22800.
12. Whenever near 22800 there is profit booking.
13. Near 21800 there is buying and recovery.
14. My Gut feeling is if Elections verdict go in Markets favour , 22800 could be crossed and we begin a new bull run.
15. Until then , we might be consolidating within this range itself.
16. I sense VIX has also topped out near 22.
17. Do not see VIX crossing the above levels.
18. Expect VIX to fall sharply going into the Elections Verdict.
19. Nifty might trade between 22400 to 22600 today.

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