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- US markets fell in the last hour
- Gold and silver fell drastically. Stairs up elevators down.
- Gold is now below $1900, Silver below $25.
- We may see deflationary bust now in all asset classes if crude pops.
- SGX nifty is down too.
- Yesterday Phrma cooled off a bit.
- IIP data came at -16.6% better than last month of -33.9%.
- So this indicates some postive news about economy.
- Markets may not fall sharp.
- Nifty may consolidte around 11200.
- BankNifty may take support of 22000.
