ilmscore | Prediction Details
"my target is very high on Nifty till 2030 right uh but as of now I hope you have understood this is the important line which is the previous high this needs to be broken if this is broken I think we can try and go back to the all-time highs okay uh 50 days moving average is around a similar level which is the low and we are still pretty much above that uh if you were to check even the 9 days moving average we are still above that and 9 day has cut the 50 dea it's a bullish crossover as I think 200 days is going to be very low all in all if you me trend is intact nothing much to worry we'll also quickly check the option chain and for option chain you can just I'm sorry we'll just check the 30th November data and for 30th November if I just go down here you'll see all these chocking levels 1 lak 14,000 open interest at 19,800 19,900 again 1 lak 19,500 at 20,000 again 27,000 at 20,100 again 1 lak 1,000 so is every 100 points move and you're going to see one one lakh open interest but something very interesting at 20,300 today I could see a lot of open interest being built up here this is the highest open interest 6222 this is the highest open Interest being built up here at 20,300 so maybe if these levels are taken out now if this level is taking out our choking zone so it indicates that from here the move can be fast okay but too early to say anything about this plus be aware this Thursday which is going to be the 30th which is going to be the last expiry for this month this is going to be the monthly expiry right and monthly expiry will be typically a little bit more volatile than other weekly expiries so be careful whenever you are trading so that's what I want to wanted to tell once that 1985 900 is taken out then 20,000 to within no time and if that is also taken out then you can see always understand this if call open interest is so high one lakh one lakh one lakh you can see two three so at 19,900 20,000 20,100 it was one lak one lak one lak call side op open interest if one level is taking out taken out they are trapped second level is taken taken out all are I mean they will either square off their position they or they'll try to roll over to the next level here also if they are not able to do it again so more and more it starts going up more and more people get trapped and that is where the unwinding or squaring off will happen and that may help the market to take it higher and higher right so we'll be really interesting to see where where Nifty closes but again can note this down 19,900 is is the factor is the choke point that needs to be uh you know taken out 19850 to be precise 19,900 sorry 1984 to be precise 19845 if it closes above that wow we can then I'll say just looking like a wow okay so we we'll have to check that out carefully"
By CA Rachana Phadke Ranade | November 23, 2023 | Pending
From video
4 IPOs Closing Tomorrow | Things You Must Know | CA Rachana Ranade 00:33:51 - 00:37:08
Interpreted Prediction
Nifty is projected to reach 40,000 by 2030, with a short-term target of 20,000 if it breaks above 19,845. The speaker notes that 19,900 is a significant choke point.

Prediction Details

Topic
Nifty Target

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.