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No change in Interest Rates (2nd May 2024)

1. U.S Markets closed mixed Yesterday. 
2. Dow Jones was slightly higher whereas S&P 500 & Nasdaq were slightly lower.
3. Asian markets are all mixed.
4. U.S VIX is now below 15.
5. Gift Nifty is indicating a gap up of 56 points as of now.
6. It was a highly Volatile trading session yesterday in U.S Markets.
7. As soon as FED decision was announced , Dow Jones climbed 500 points.
8. Then post such a big move , there was again a fall from day high.
9. Overall , it was a volatile trading session yesterday in U.S Markets.
10. Yesterday the GST numbers were announced of April.
11. Numbers were outstanding as GST collections have exceeded 2L crores for April Month.
12. Many have DM me relating to the Tax Collection numbers & its significance.
13. Increased Tax Collection numbers means increased growth & Profitability of companies. 
14. This is a big positive news for our Markets.
15. Nifty on Friday made a new all time high & then reversed from day high.
16. Fridays high should act as resistance & support is at 22500.
17. 22500 & 22800 is the range of Nifty currently.
18. Bank Nifty range is 49k to 50k.
19. Expect Markets to trade flat within this range.
20. I do not expect any big move in the markets currently.
21. Nifty might trade between 22500 to 22800 today.

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