ilmscore | Prediction Details
"so everyone should understand okay I hope this part is absolutely clear and from here now we have to understand some additional data point as well okay if you have seen one of my previous videos I had shared about how markets have performed in years of election I had done a recent video wherein I had talked about during election years What scenario can be see in the market so again I'm sharing the entire screen till I share the screen until if you have loved the video till now definitely please consider smashing the like button okay so now let me just remove this and let me take you to a monthly candle okay everyone pay attention again very important Point coming up okay we have to go back to 2019 which was an election year uh okay so this is January alt H oh sorry Control Alt V okay this is January 2 let's take to December okay I'm going to zoom in what happened during election year 2019 because let's try and analyze this and based on this we'll try and see what could happen in 2024 now if you see Jan F both were week in March the markets had actually rallied quite a bit the rally continued in April the rally continued in May and post election it did see a good correction now when did the correction start in the month of June so June July August were the three months of Correction and after which again back to back September October November December oer oer in the air okay if the same pattern were to be followed in fact what has happened is just March has not behaved like this janary closed in red Feb same we closed in March is not doing that great but still I can say last that's next of course next week we have a lot of holidays I think we have Duran holiday we have 28th also I think there's a holiday shivaji mahaj jti we also have a holiday on Friday I guess oh my God very few trading sessions in the next week so we are barely left with any days now uh so not sure whether we'll get such a big green candle in the month of March or not uh but all said and done if 2019 would be followed then ideally before election markets have ried okay post election markets have seen some sort of Correction phase and after which again it has spiked up this is what we have seen back in 2019"
By CA Rachana Phadke Ranade | March 21, 2024 | Correct
From video
Is The Worst Over? | CA Rachana Ranade 00:21:52 - 00:24:13
Interpreted Prediction
Historical data from election years (2004, 2009, 2014, 2019) suggests that market lows are often made in the January-March quarter. If this pattern repeats in 2024, markets may not see significant further declines and could rally post-election after a potential correction phase.
AI Evaluation Notes
The prediction suggested a potential rally post-election after a correction phase, based on historical data from election years. The NIFTY experienced volatility and a correction phase post-election, followed by a rally, aligning partially with the prediction.

Prediction Details

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NIFTY

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