1. U.S Markets closed mixed Yesterday.
2. Yesterday the U.S Markets were open just for half day.
3. Gift Nifty is indicating a gap up of 80+ Points.
4. Asian Markets are higher.
5. U.S Markets will be closed today.
6. So there are no major Global cues right now.
7. Yesterday HDFC bank was the most discussed stock.
8. Stock hit its 52 week high.
9. I suggest it's time to be a bit cautious.
10. Markets have run up too fast too quick.
11. There needs to be a dip or consolidation.
12. One way rally is bad for markets.
13. Froth gets developed.
14. Excessive Valuations and over leverage is dangerous.
15. A correction of 2-3% on indices and 5-10% on individual stocks cannot be ruled out.
16. Right now all are enjoying this rally.
17. Long term Bull Market is intact , there's only a short term froth being built
18. Keep your return expectations in check and purchase fundamentally sound companies.
19. Nifty might trade between 24150 to 24400 today.
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