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Consolidation with Huge Volatility!! (24th June 2024)



1. U.S Markets closed mixed on Friday.
2. Dow Jones closed higher.
3. S&P 500 & Nasdaq closed lower.
4. Asian Markets closed mixed.
5. Gift Nifty indicates a negative opening. 
6. Markets are trading with huge Volatility. 
7. Movement is rangebound on closing basis.
8. Intraday Volatility is huge.
9. Nifty is making a 100 point swing in just 10 minutes.
10. Right now , U.S Markets are lower.
11. Gift Nifty is down 80 points.
12. 23400 to 23700 is the range for Nifty currently.
13. Markets are about to open within this range.
14. Nifty is likely to open near the lower end of the range.
15. Close to the levels of 23400 which is a buying opportunity. 
16. Quant MF's Holdings may come under pressure today.
17. Not the large holdings like Reliance etc.
18. Small cap stocks might come under pressure today because the logic is many retailers copy the portfolios. 
19. Seeing Quant Buy they too buy blindly and now due to this allegation , they may sell out in panic.
20. Nifty might trade between 23300 to 23600 today.

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