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Markets have Stabilized?? (6th June 2024)


1. U.S Markets closed higher Yesterday 
2. U.S Futures are trading higher now.
3. Asian markets are higher.
4. Global cues are positive currently.
5. Gift Nifty is up more than 150 Points.
6. Yesterday was again a big surprise.
7. Nifty had rallied 800 points Yesterday. 
8. This was on BJP forming a Coilition Government. 
9. If the King makers Chandra Babu Naidu & Nitish kumar joined Congress.
10. It wouldve been lower circuit.
11. Also , the Government has promised that the policies won't change.
12. They will consider nation first.
13. So markets taking that into stride.
14. Confidence is back into the investors.
15. VIX has reached 19 Yesterday. 
16. VIX below 18 indicates prolonged Bull Market.
17. 21350 will be the bottom for 2024.
18. This has become a sureshot sign.
19. Nifty might trade between 22600 to 23000 today.

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