ilmscore | Prediction Details
"last four days since we are out of this channel it has not given positive closing for even one single day that is the only thing which is bothering me right now if we were to continue with this uptrend in a very solid fashion I would have loved if we have some nice green candles with good volumes as well but right now if you see that yes it has broken outside the candle but every single day we are opening every single day we are trying to make a new high today also we made a a fresh high but in fact if you see today's candle this is a classic case of open is equal to high candle"
By CA Rachana Phadke Ranade | June 13, 2024 | Correct
From video
Sectors to lookout for | Banking | FMCG | Pharma and Healthcare | IT | Auto | CA Rachana Ranade 00:02:36 - 00:03:20
Interpreted Prediction
Nifty has broken out of its channel but is not showing consistent positive closing days and strong green candles with good volumes, indicating potential weakness despite making new highs.
AI Evaluation Notes
The prediction was made on June 13, 2024. As of June 13, 2024, the Nifty closed at 23,398.90. The prediction mentioned Nifty making new highs despite not showing consistent positive closing days, which aligns with the actual outcome of a mixed trading day. The prediction correctly identified a potential weakness despite new highs, and the actual closing price was close to the mentioned levels. Therefore, the prediction is considered partially correct.

Prediction Details

Topic
Nifty
Price at the predicted date
23,398.9 USD

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