Market Tuesday 6th August 2024 Kya Ho Sakta Hai

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We discuss the recent downturn in the US market due to economic slowdown concerns, but a slight recovery driven by bargain buying in the tech sector. The Japanese Nikkei index has bounced back after losses, and the Asian market has rebounded sharply after significant losses. However, underlying concerns about a US recession persist. The GIFT Nifty is indicating a gap-up opening, and the sentiment is cautiously optimistic. Our short-term focus trading strategy recommends analyzing the first prepayment scandal for a potential shorting opportunity if the market trades below the low. • #USMarket #EconomicSlowdown #TechSector #JapanNikkei #AsianMarket #Recession #GIFTNifty #ShortTradingStrategy #BankNifty

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