NIFTY @ 19000? | CA Rachana Ranade

"first support I can see is at 18 500. second support that I can see is that 18 206 okay and even if I were to do a trend from here still it more or less collides with 18206 so I think 18 200 is going to act as a solid support here"

"pivot is at what 18 500 and something okay so it is at 18 500 something this is where we are very close to so Nifty is at six eighteen thousand six hundred and nine right so 100 points down from here is like easily possible right uh but it can see a good support at eighteen thousand five hundred level as per pivots okay"

"the statement was that recently the rural demand is recovering with Urban demand remaining buoyant. ... But this is the first time that I see they are mentioning that rural demand is recovering and is that a very positive sign obviously yes the story that we are talking about India tr2 demand tier three demand I think this is where we can see that yes there's a big hope that yes the rural demand is also recovering"

"expected GDP growth rate for financial 2023 now has been revised from seven percent to 6.8 percent Okay so growth rate target lowered but what is mentioned in the MPC statement even after this Revision in our growth projections India will still remain amongst the fastest growing major economies"

"is corrected by more than 20 percent and it has now gone down to 77 per Barrel that's going to be a big big big positive for us ... for paint stocks for paint companies and for tire companies one of the key raw materials is crude oil and if crude oil prices drop is going to be a positive sign for these set of companies"

"Alkylamine ... it's like a long-term stock it's like a theme that is going to be ideally played out in the specialty chemical sector so if you are not patient enough ... I'm playing on this talk for a long term story for the capex cycle to play out and that's that's the reason why I would want to hold on to this talk"

"devyani again has been one of my favorites so again holding on to that as well I think it's around 190 right ... but I I am holding it I feel that in the middle to long term it can give decent enough returns"

"right now it's at a very crucial level I think the 123 124 level is very crucial ... if it's able to sustain above this then we can we can see some nice movement in this talk"

"ltts this seems to be ideal it was a support but then it broke down and right now it has it is just lingering around that same level of 4218 but again it is just recently broken that Now it'll be interesting to see what happens"