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Weakness to Continue? (11th Nov 24)




1. U.S Markets closed higher yesterday. 
2. Asian markets are mixed right now.
3. S&P 500 has crossed 6000.
4. Bitcoin has made a new High of 81000
5. All the Cryptos are rallying big
6. There is Greenery everywhere in the World Markets except ours.
7. U.S Futures are higher right now.
8. U.S VIX is now close to 14.
9. India VIX has also fallen drastically from 18 to 14.
10. This market we are in currently is a trapping market.
11. When you feel it will go up it reverses and vice versa.
12. 23800 to 24500 is the range for Nifty currently.
13. Within this range markets have been trading with huge Volatility 
14. If I look at the earnings season , largecaps have declared poor results compared to mid and small caps.
15. Mid & Small cap companies comparatively have declared better results.
16. Option premiums are quite good in the current environment. 
17. There are only 12 trading sessions left for expiry as we have 2 more holidays in November. 
18. This is a Non directional market
19.Nifty might trade between 24000 to 24300 today.

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