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Monthly Expiry Setup !! (27th June 2024)



1. U.S Markets closed higher yesterday. 
2. All the indices closed slightly higher.
3. Gift Nifty is indicating a flat opening.
4. Asian Markets are mixed.
5. Indian Markets are outperforming in Asia.
6. The star of the show Yesterday was Reliance.
7. Reliance was up 4% today.
8. HDFC Bank is now facing a resistance near 1750-1760 which is its all time high.
9. Once it crosses the upper band , it will zoom to 2k in no time
10. The major indices look Bullish as Largecap stocks have started to perform.
11. Mid and smallcaps might go into some consolidation. 
12. Which is also good as they have already rallied a lot.
13. ICICI Bank has hit fresh highs.
14. Hdfc bank and Reliance closer to 52 week highs.
15. So the index heavyweights are all looking extremely Bullish. 
16. U.S VIX crashed 3% Yesterday.
17. India VIX too crashed by a percent yesterday. 
18. Lower Volatility indicates sustained momentum.
19. There is a great chance we might test 24k on Nifty today itself.
20. Nifty might trade between 23700 to 24000 today.

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