Short Covering Sustainable? | CA Rachana Ranade

"I can see Nifty taking good support at this level so we are at a comfortable position right now is what I feel... The first and primary support that I see right now is that 17 300. If that is sustained we can see markets going to the higher and higher levels but just in case if this level is not supported then still I can see 16 800 being a very very good support level right now."

"Resistance as per technical analysis as per the Fibonacci level we can see at 17 412... if it is able to make a base above seventeen thousand four hundred as well we can very well go and test those magical levels again."

"See here you can very clearly see that if 17400 is taken out and if it is sustained... there can be a lot of people who can get trapped here... immediately seven so that short covering rally could take it Beyond 17 500 again another eighty thousand Lots being seen here so again another a big chunk can get trapped here and that may take the markets to higher and higher levels"

"Lancer containers... Primer face it looks good no doubt about that even borrowings is at 42 but still fair enough share cable 30 crores uh results at 40 crores so for 42 crores is not that bad... FI holding has almost more than doubled and a promoter holding has decreased by almost six percent but has been completely absorbed by the FI as I can see... I think this one can be checked out"

"here you can see something like a cap which is being formed here and this is called as something... it can be a good sign of analyzing the market Trend and that could be possible seen as a kind of a reversal pattern"

"on our Channel I am going to release a video on health insurance... we have talked about a lot of points... where we are that is important... there are certain Clauses which are exceptions you will never ever get a claim for that... there is something known as a waiting period we we must know about that"

"Tata Motors for long term if your Viewpoint is for us at least a five year time frame not bad at all"

"devyani for fresh entry I am just I'm just waiting for it to go back to a little bit lower levels but they when he refuses to break the 190 Mark... I'm waiting either for it to break down a little bit from here or convincingly close Above This ideally if that we saw then I would make up my mind to add a little bit more quantity but right now it's it's more in a sideways thread"

"USA I.T sector giving real breakout slash bulldog if not will USA bring down it sector in India I decided that I'm not really so much bullish right now would want to wait for some more time and then would want to re-enter"

"if you are investing in every stock of the month little bit little bit little bit okay then try to see the basket returns of 12 month stocks don't focus on only on one stock or only on two stocks out of 12 stocks even if eight to nine are performing well you're set"

"never catch a falling knife is based on technical analysis and buy on every dip is based on fundamental analysis... if you are a a person who is wanting to stay as an investor for a long term then definitely you you can think about buying on every dip if it's a fundamentally strong stock based on technical analysis if you feel that this talk is continuously going ahead with lower lows... don't catch a falling life"

"NMDC... corrected quite a bit and is also seeing a fair enough recovery... ready to move till 1 37 easily is what I can see if you see a macd crossover if you see RSI RSI has just shot above the 60 level so looks powerful Well above the 50 days moving average wow closed above 200 days moving average as well very nice... Fundamentally looks good... technically also looks good"

"why are it stores going up any pullback expected or will it just go up I believe that this is kind of a pullback rally rather than a belief rally... it's a temporary pullback is what I personally believe"

"Reliance Industries... facing a resistance at pivot right now but neither close to 50 demand or close to 200 demo I would want to wait a little bit and then invest not right away"