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Ranging Markets!! (25th June 2024)


1. U.S Markets closed mixed yesterday. 
2. Dow Jones closed higher.
3. S&P 500 & Nasdaq closed lower.
4. Asian Markets are mostly mixed.
5. Gift Nifty indicates a positive opening of 30-40 Points. 
6. Yesterday,  markets opened close to the lower end of the range of 23400 and then scaled higher.
7. The dip got immediately bought into.
8. Yesterday the unexpected stuff was VIX rise
9. India VIX rose 7% Yesterday 
10. Though premiums haven't risen proportionally, VIX rising isn't good.
11. Today also might be a flat day.
12. Markets are moving all over during intraday,  but are closing flat.
13. This shows that there's no big trigger upcoming in the markets.
14. Which can cause a big move.
15. 23400 to 23700 is the range currently.
16. Bank Nifty range is 51k to 52k.
17. Markets are see-sawing within this range.
18. The only trade currently is buy closer to lower end of the range & sell closer to upper end of the range.
19. This is where the risk - reward turns to your favour.
20. Nifty might trade between 23400 to 23700 today.

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