NIFTY Breakout? | CA Rachana Ranade
Published: 2022-08-11
Status:
Available
|
Analyzed
Published: 2022-08-11
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Nifty is predicted to reach 18,600 if it breaks the 17,850 level.
"if 17850 is also cleared i feel 18 600 is easily getable in that case"
Pending
The 17,700 to 17,800 range is a resistance zone for Nifty, and breaking above it could lead to a return to all-time highs.
"17 thousand seven hundred to seventeen thousand eight hundred can be a choking zone for nifty if it is taken out then we might again go back to all-time highs"
Pending
Nifty needs two to three consecutive daily closes above its channel resistance to confirm a breakout and a potential for a significant rally.
"i need one closing i need instead of one closing i would need two three closing at least above the channel and then i might say okay this trend has been broken and now the now the index is not going to trade in this channel a channel within which it has traded since october 21 october 2021 this stands broken and then it might be ready for the next super leg of the rally"
Pending
Devyan International has reached an all-time high, crossing the 203 barrier.
"this stock is at almost a 32.25 percent gain if you have seen the chart today today was the first time when it it crossed the barrier of 203 this stock is almost at an it not almost it is at an all-time high right now"
Pending
Jubilant FoodWorks may be ready for another run if it breaks and sustains above the 600 level.
"this talk went up till here again came down tried here again went down again one two three four order and so much close to that level if it is about to break i mean break this level sustain above 600 it can be ready for the next run as well"
Pending
Infosys is considered a good company, and dips in its stock price are seen as buying opportunities.
"all in all infosys we pro both are again very good companies dips if any will be buying opportunities is what i feel"
Pending
Wipro is considered a good company, and dips in its stock price are seen as buying opportunities.
"all in all infosys we pro both are again very good companies dips if any will be buying opportunities is what i feel"
Pending
Investing in Nifty index mutual funds via SIP is a good option.
"jasmine says mom is at the right time to invest in nifty index mutual fund uh just me if you're doing buy sip absolutely yes why not not not a problem at all"
Pending
17,000 is expected to be a solid support level for Nifty, with little chance of a downside move unless new negative news emerges.
"joseph joyce says inform us of the support of the downside also uh joseph right now the way market is moving i i really doubt if that this coach pure unless and until something fresh news comes up 17 000 still i believe would look like a solid support"
Pending
CAMS is considered a good long-term stock, despite underperformance since its initial discussion. The speaker acknowledges that not all recommendations will be successful.
"chetu says man cams for long term why not i mean that is one stock which has not performed well since i discussed it on the channel i feel bad about that no doubt i really feel bad about that but you know i'm also a human being right not 100 out of 100 stocks whatever i discuss on the channel are going to go up"
Pending
IRCTC is still considered a fundamentally strong stock with potential, despite its past underperformance due to government actions.
"even irctc has not performed absolutely but see i now irctc is is a totally different story achara the government came up and you know the entire story right since then again because of that it it didn't perform but i still have faith in irctc also it it is fundamentally such a strong stock why not"
Pending
Nifty's RSI is currently at 80.08, and levels above 80 have historically not sustained for long periods.
"at today's close rsi is at 80.08 almost rsa above 80 generally has not sustained for a long time"
Pending
Bank Nifty has broken its previous highs, but lacks a clearly defined channel.
"bank nifty has already broken the you know the upper highs but bank nifty doesn't have a very clear channel as such"
Pending
Bank Nifty has been sustaining above its channel for seven to eight trading sessions, indicating it is currently stronger than Nifty.
"so here if you can see this peak is not properly done this is done so here the day it went above the channel one two three it's almost sustaining for seven eight trading sessions so bank nifty definitely looks a little bit more powerful as compared to nifty"
Pending
Metro Health is considered a fundamentally strong stock, and booking losses is not recommended if there is a long-term view.
"chetan says should i book loss in metro police healthcare chetan if you have a long term view doesn't make sense booking loss in that fundamentally it's a strong stock"
Pending
The speaker is focusing solely on technical analysis for Nifty's sustainability, excluding fundamental indicators or other metrics.
"and if it were to sustain technical indicators only i'm not talking about if i buying or put call ratio or you know index long position nothing of that is what i'm talking about right now purely and purely based on technical analysis"
Pending
The speaker is considering the implications if Nifty breaks out of its current upward channel.
"now the big question is that what if this is broken on the upper side now that's what we have to try and think"
Pending
The fertilizer and petrochemical sector, previously a 'talk of the month', has performed well, indicating a positive outlook for these stocks.
"goku says should i sell the pack fertilizers and petrochemicals getting 20 percent now goku that was talk of the month and we discussed again deeper fertilizers and petrochemicals in absolute detail and so happy that stock did so well"
Pending
Bank Nifty has shown outperformance in recent trading sessions compared to Nifty.
"so all in all if i want to quickly tell you about bank nifty as well because bank nifty has outperformed in the last few sessions i can say"
Pending
Investing in fundamentally strong stocks with conviction is key to building market understanding and confidence.
"all in all i believe that if you have some conviction it is really important that you do invest in fundamentally strong stocks and that is what helps us to build more conviction more view about the market"
Pending
Nifty is at a critical 'make or break' level. A break above the channel (17,750-17,850) could lead to a significant rally, while failure to do so might result in a return to the channel.
"nifty is at the brink of make or break level is what i can say if it breaks the channel zoop 75850 and then bumper and if it does not then break back to the channel that is what may happen"
Pending
KPI Green appears to be in a channel, and it's advisable to wait for it to break out of the channel before considering an investment.
"kpi green is what i'll check um the chart is opening up kpi green right okay the stock seems to be in still this also seems seems to be in a channel right now uh would be a little bit wait and watch let the stock come outside the channel and then it'll be worth going into the stock right"
Pending
The current market situation for Nifty is described as being at a critical 'make or break' level.
"as of now market looks the market is at at the brink of make or break level is what i can say"
Pending
High bond yields are generally viewed as negative for equity markets.
"high bond yields are not considered to be good for the equity markets"
Pending
A situation where the two-year bond yield is higher than the 10-year bond yield, typically an early sign of recession, is currently being ignored by the market.
"typically a two-year bond yield being higher than a 10-year bond yield is not considered good it is considered as an early sign of recession but market is completely ignoring that right now"
Pending
A YouTube Short video on Devyan International will be uploaded tomorrow and is considered important.
"plus tomorrow one shot which is going to be uploaded on deviant international that is also going to be super important so don't forget to watch tomorrow's youtube short as well on devyan international right"
Pending
If Nifty clears the 17,850 level, a target of 18,600 is considered easily achievable.
"i feel 18 600 is easily getable in that case"
Pending
The immediate resistance for Nifty is at 17,750, followed by 17,850. Breaking these levels is a significant event.
"our normal channel is coming to seventeen seven fifty immediately followed by seventeen eight fifty but if this seventeen 17 757 17 850 level is broken"
Pending
The speaker has been investing in crypto for 1.5-2 years, considering it as 'party money' only.
"i have always been investing in crypto since almost almost one and half two years now but as usual party fund only nothing more than that"
Pending
An RSI level of 88 might indicate potential reversal signs for Nifty.
"at 88 it might show some signs of reversal"
Pending
According to Fibonacci analysis, the next resistance for Nifty is at approximately 17,874, rounded to 17,850.
"the next resistance as per fibonacci and that comes to seventeen thousand eight hundred and seventy four so even if i were to round off to seventeen thousand eight hundred and fifty"
Pending
A sustained Nifty close above 17,750 for at least two to three consecutive days is required for confirmation of a breakout.
"seventeen thousand seven fifty is what you can see on the screen here it's very easily visible seventeen thousand seven fifty plus closing for at least two to three days back to back is what i need"
Pending
If Nifty breaks its current channel and sustains above it, it could be poised to break its all-time highs.
"market can be ready for breaking the all-time highs"
Pending
Nifty is currently at a resistance level, and a reversal from this point is a distinct possibility.
"we are at the resistance right now yes can the market reverse from here that is also one more possibility why not"
Pending
Nifty is at resistance around 17,750 and could reverse if it stays within its current channel.
"so two scenarios i hope you have understood we are at the resistance there there is a chance that nifty might see a resistance at this level 17 000 i'm again repeating 17750 roughly and from here if it were to stay in the channel it can reverse"
Pending
The range of 17,700 to 17,800 is identified as a critical 'choking zone' for Nifty.
"so seventeen thousand seventeen hundred seventeen thousand eight hundred seventeen thousand seven hundred to seventeen thousand eight hundred can be a choking zone for nifty"
Pending
The US inflation data falling from 9.1% to 8.5% was seen as a significant relief and contributed to a market rally.
"u.s came up with the inflation data and the inflation number that they had given was originally 9.1 the latest data i mean before the immediate data the previous data before that uh there the u.s inflation stood at 9.1 okay and just one or two days before when the inflation data came up it it was declared at eight point five percent i think that was taken as a big relief and from there market started to you know pick up more and more peace"
Pending
Sustained breakout above Nifty's channel for 2-3 days with good volume and FII inflows could lead to a breach of all-time highs.
"if market breaks this channel is able to sustain above this channel for at least two to three days with good volume with good fi inflows as well market can be ready for breaking the all-time highs"
Pending
Nifty has the potential to break all-time highs if it sustains above its current channel for 2-3 days with good volume and foreign institutional investor (FII) inflows.
"if market breaks this channel is able to sustain above this channel for at least two to three days with good volume with good fi inflows as well market can be ready for breaking the all-time highs"
Pending
Nifty faces a resistance zone between 17,700 and 17,800. If it breaks and sustains above this level, it could reach all-time highs.
"seventeen thousand seven hundred to seventeen thousand eight hundred can be a choking zone for nifty if it is taken out then we might again go back to all-time highs"
Pending
If Nifty clears 17,850, it is likely to reach 18,600.
"if 17850 is also cleared i feel 18 600 is easily getable in that case"
Pending
17,000 is expected to act as a strong support level for Nifty.
"17 000 still i believe would look like a solid support"
Pending
Devyani International has already surpassed previous price targets and is at an all-time high.
"this stock deviant international has already gone beyond the covered level"
Pending
Jubilant FoodWorks Limited may be poised for another rally if it breaks and sustains above the 600 level.
"if it is about to break sustain above 600 it can be ready for the next run as well"
Pending
Dips in Infosys are considered buying opportunities.
"dips if any will be buying opportunities is what i feel"
Pending
Dips in Wipro are considered buying opportunities.
"dips if any will be buying opportunities is what i feel"
Pending
Investing in Nifty Index Mutual Funds via Systematic Investment Plan (SIP) is recommended.
"just me if you're doing buy sip absolutely yes why not not not a problem at all"
Pending
Investing in Nifty Index Mutual Funds is advisable, especially if done through SIP.
"yes you can but only if you are going ahead with sip more"
Pending
Meta Police Healthcare is a fundamentally strong stock, and booking losses is not advised if one has a long-term perspective.
"chetan if you have a long term view doesn't make sense booking loss in that fundamentally it's a strong stock"
Pending
Camps is considered a very good long-term stock with strong conviction, and the speaker still holds it in their portfolio.
"i still believe that it's a very good stock for the long term i still hold it in my portfolio because i have full conviction about the stock"
Pending
IRCTC is fundamentally a strong stock, and the speaker still has faith in it.
"but i still have faith in irctc also it is it is fundamentally such a strong stock why not"
Pending
Bank Nifty has already broken its previous upper highs.
"bank nifty has already broken the you know the upper highs"
Pending
Nifty might reverse if it stays within its current channel.
"if it were to stay in the channel it can reverse"
Pending
High bond yields are detrimental to equity markets.
"high bond yields are not considered to be good for the equity markets"
Pending
A two-year bond yield being higher than a 10-year bond yield is an early indicator of a potential recession.
"typically a two-year bond yield being higher than a 10-year bond yield is not considered good it is considered as an early sign of recession"
Pending
The speaker has been investing in crypto for 1.5-2 years, treating it as a 'party fund' and nothing more.
"i have always been investing in crypto since almost almost one and half two years now but as usual party fund only nothing more than that"
Pending
Investing in fundamentally strong stocks helps build conviction and a better market outlook.
"fundamentally strong stocks and that is what helps us to build more conviction more view about the market"
Pending
Many of the 'Stock of the Month' picks for pro-investors are fundamentally strong and worth considering.
"bharath i believe that majority of our pro-investors special stock of the months fall into that category so i mean you can surely consider checking those stocks as well"
Pending
Nifty is at a critical juncture. If it breaks its channel and surpasses 17,750-17,850, a significant rally is expected. Otherwise, it may fall back into the channel.
"we are at the brink of make or break level is what i can say if it breaks the channel zoop 75850 and then bumper and if it does not then break back to the channel that is what may happen"
Pending
Despite current lower returns, MCHARS is expected to perform well with the rollout of 5G.
"MCHARS 3.2 percent this is the lowest is what i've got for birth yet but with the 5g rolling out i think this can again be a good performer is what i really believe"
Pending