NIFTY at All Time High Soon? | CA Rachana Ranade

"hitesh if you have some patience if you have a time frame of around two years I think all these I.T stocks slowly slowly maybe just a 10 percent of whatever is your allocation may be thought through till date I've been talking about it will correct if you have seen my stream on it companies I had taken this stream almost nine ten months ago and I had said that I feel that there's there's a problem I'm going to quit majority of my Holdings I had said that and since that day stocks have I mean uh the day I did my live stream from that date till today I'm not saying uh the immediate next day the stock started to crash but from that day till date if I'm talking about that almost 25 Corrections uh even as on date right now uh stocks like Infosys or even HCL tech for that matter uh let me just cross check for enforce uh HCL Tech I'm sure about Infosys uh yes both are above their pivots uh so I don't feel that there's going to be a huge Crash from this level as well maybe slowly steadily one may consider uh again looking at it stocks is what I personally believe I have started accumulating I.T stocks in the last since morat only uh in small small quantities okay very small quantities though"

"I had read that even Reliance is going to enter this space number one that can be a big competition I also have Nica in my portfolio by the way I'm also in losses number two problem is that uh the uh what do we call that anchor holding period is going to end for Nika I remember reading this in the month of November only let me just quickly see if I can get that uh that is going to end on 10th of November so I think watching the stock price movement on 10th of November around that a day or two around that is going to be really interesting in that if we see a a lot of people who would want to sell off it might take the stock again to lower levels so saikiran I I will tell you a simple logic behind this okay if you have limited funds and if you believe that okay there is another stock with better fundamentals and which you feel that can take your portfolio to a higher level with limited funds then it makes sense booking losses in one stock moving those funds to another fundamentally strong stock and trying to make some money out there right uh so if you don't have the patience to wait for a longer time if you have comparatively limited funds I think at one point in time booking losses and moving on definitely makes sense right it Nika might see a little bit tough road ahead is what I feel even my money stuck uh IPO money but comparatively a smaller amount so I'm not really so much bothered about that"

"Siddharth I'll tell you Asian paints is like one of the amazing fundamentally strong stocks okay uh if you're saying that uh in the it is sliding since last one year I really need to check your uh data point let me take it to a one month candle and uh right now we October I would need to check October 2021 October 30 21 where was it okay so it's almost at the same level I'll share my screen if you want Siddharth um see this is a monthly candle all right so this is October so we are trying to compute from October 21 to October 22. so October 21 it closed its closing value is 3100. and right now closing is at 3043 so I may say effectively it's a zero percent return agreed agreed but I believe that it's a classy stock fundamentally really strong stock uh because there were a lot of problems about crude in the last one year it the crude prices have been going haywire uh that might be one of the reason for the com the company hitting some roadblocks but uh Siddharth if you have a strong holding uh capacity maybe another two three years you will be going happily with the stock is what I believe"

"you know uh of course now what could be the hiccups for this in the geopolitical tensions rise right uh then in such cases typically right now whatever we are facing Russia Ukraine uh then these OPEC countries they decide to cut down on production crude oil prices again rise any any crude oil price increase is going to have a negative impact on paint company stocks of course Asian Paint would fall under that category"

"how about that Alexi I know that it has corrected uh quite a bit but again uh overall right now there are some hiccups in the I.T space but overall long-term trend it is not going to have a a very very very bad phase uh some some hiccups here and there few more months of bad patch but I think long term trend is still intact okay"

"did you see what happened with Facebook today meta we get upset with five percent move my man my stock is down by five percent ten percent my stock is down by 15 today meta stock results came out and any idea how much stock how much percentage the stock tank today waiting for your comments 17 percent more than that anyone else by how much percentage did meta stock tank that is Facebook stock or 28 21 20 almost 25 percent can you imagine any blue chip stock declaring its results are not good and the stock tanks by 25 right now everyone is saying right now at this moment around 22 percent"

"still polyplex has not yet given the closing at my third installment level and that is the reason why I have not yet put in my third installment once it gives the closing at that then I will add the third chunk of polyplex still waiting for the closing and I'm very clearly defined the levels stock has not closed at that level as of now so waiting till then"

"made ath all-time high I've been talking about that stock for quite a long time and uh I had discussed about this talk even in the last somewhat uh wherein I'd say I talked about small case it being a part of my small case uh in the previous somewhat and in this somewhat as well and today uh the stock has made an all-time high 822 High happy with the with the stock performance no doubt about that uh fundamentally strong stock they will shape okay is what they say right"

"I personally believe that at this level of 17 800 we may see some sort of you know I'm not seeing a downfall but some sort of consolidation or a little bit pullback from this level pull back to what to what extent can it go down so for the for that you can see 17 700 also we have a very high or 58 000 then fifty one thousand at 17 600 and 17 500 also we have fifty two thousand so hizzy put writing on all levels of 17 500 600 700 so I think it might be a little bit range Bound for another at least two three days is what I believe 17 500 I don't think it will be easily broken and on the upper end I believe 17800 there can be some sort of consolidation in this range is what I personally believe"

"second November we are going to have the FED meeting so we'll come to know about us"

"third November we are going to have our monetary policy committee meeting which is an which was ideally not on the cards"

"I am coming up with a video about defense sector uh and top three stocks in different sector uh in in this coming week uh or this rki 28th you know today's Thursday so either tomorrow or day after tomorrow I'm going to release a video on defense uh it's a it's worth a watch and you will come to know that how our government is striking striving hard uh to gain more traction in the sector actually I had uh recorded this video before the Diwali vacation because I'll start off is from tomorrow uh and the release was planned just a day after that so it's difficult to shoot and release immediately next day because we do some kind of editing and animation stuff right so after we shot the video before going to the Diwali vacation during the qualification I'm sure you you all are following this a lot of news have come up for the defense sector and all in all I believe that this can be a fun point to watch a good sector to keep a track on for the coming year or so"

"how is nifty 50 next oh how is Nifty next 50 index for long term not bad not bad it can be a good one because if we are talking about India going in the top three economies of the world then I believe that the next 50 next upwards have to perform well and then then we can truly say that it's it's a good participation at all at all levels right"