Is Recession Coming to India? | Impact of Global Scenarios on Indian Markets | CA Rachana Ranade

"if u.s really starts going into a recession because of back-to-back interest rate growths... the correct answer is indeed i.t. okay in fact our entire indian i.t industry overall that generates 40 to 70 percent of its revenue in u.s dollars okay so if that be so that's that's a big chunk right 40 to 70 percent of the total income coming from usa and if if that be so then is that going to impact the i.t sector and answer is yes"

"now if i say second sector which can get impacted because of this possible recession on paper though it is already there kava joshua has already told the answer and he's saying actually how about pharma but the answer is pharma right so first sector which can get impacted is it second sector is pharma"

"if all these scenarios arise then crude is going to be that one thing which is whose price is going to drop right and if that be so can i say it's going to be a positive sign for us in fact i have made a video on crude oil"

"this is the third consecutive quarter okay we saw in usa two consecutive quarters back to back negative d growth i mean negative growth d growth right this is the third consecutive time that india has seen a rise in real gdp okay gdp had constant prices on a qrq basis first positive sign second gst collection today only the number came up if i'm not mistaken for august stands at 1 lakh 43 612 crores one lakh crore is a trillion so 1.43 trillion rupees this is the gst collection which is 28 higher than july collection and with this august is the sixth consecutive month giving high gst collections higher than 1.4 lakh crore is that an amazing number 100 i mean super duper impressive numbers which are coming up"

"oh my god it has run up quite a bit though going strong 580 plus is the pivot r one at eighty zero one ah cello first let me just put up few indicators macd indicator and rsi okay going super strong right now it is here you can see there was i mean in the shorter time frame here you can see that uh it was stuck in this range correct it has clearly gone above this range for quite some time from march to almost august five months it was in the same range broke and it's going pretty strong not sure if this can be a good point of entry though but can easily go up to 800 is what can be seen now right now it's at only 700 so still almost 100 to go"

"target would be 846 850 850 maybe five more percent up from here but the run run up is almost complete as per technical analysis"

"if you see here this is the level that you can see recent past it's it's very much close to its support level if you can see here also this is like way back in almost a year and a half ago this was the level that it has retested uh and from here we may see some sort of reversal maybe 1677 which is the s1 or 1644 which is the s2 but i think s1 should be good enough from there ideally as per technical analysis we should be able to see some sort of bounce back in gold"

"three white soldiers back to back so a great chance that it might advance to 1000 level okay"

"deeper fertilizers allotment of five lectures to international finance corporation please suggest should i hold fundamentally it's not a bad stock at all of course you can do your further analysis as well and then take a call but fundamentally it is a good company is what i can surely tell you"

"the over if if the recession what we talked about in the stream at the beginning of the stream still like i don't see overall steel as a sector performing well in the coming few weeks or months"

"177 is the 0.61 retracement and here it it went up went down till here and right now it is at this level of 181 so i believe that it can be a little bit range bound here i would i'm keeping a close watch on that but my first one fifth chunk is surely going to go back into the stock at this level"

"doing really well and this water only if i'm not mistaken patanjali foods got merged with ruchi soya and now the new name patanjali foods so that can be seen in the sales numbers of q2 so i feel the q2 results can be good"

"but right now i feel 17 300 to 17900 is the range in which nifty is playing that's a big range wide range"