Nifty Party Over? | CA Rachana Ranade
Published: 2022-12-22
Status:
Available
|
Analyzed
Published: 2022-12-22
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Previously, Nifty support was identified around 18100-18200. The closing price on the day of recording was 18127.
"I feel that somewhere around 18 100 18 200 I see there is a support and today Nifty closed at 18 127 right"
Pending
If Nifty breaks below 18,000 convincingly, it could fall by approximately 400 points.
"if 18 000 is broken convincingly it could lead to another almost 400 points fall"
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A breakdown below 18,000 could result in a decline of around 400 points.
"if 18 000 is broken then there is a possibility that we may see eighteen thousand uh we may see around 400 points for"
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Markets are expected to come down to 18,000, and the RSI level at that point will be closely watched.
"I feel that somewhere around 18 000 to at least markets will come down and we'll see at 18 000 what is the level of RSI that is what I'm really Keen to look at"
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The 50-day moving average, which previously acted as support for Nifty, was broken on the day of recording.
"yesterday here you can see it took a support at 50-day moving average and today the support was broken"
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Historically, when Nifty traded below its 50-day moving average for approximately 14 sessions, it eventually recovered.
"Nifty was below this 50 days moving average for almost 14 trading sessions after which it came up"
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It is undesirable for Nifty to close below the 50-day moving average and remain there, as it could lead to further declines.
"I would not want it to close below this level uh and stay there see one or two days here and there is again a chance that it might slip a little bit further"
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Experts believe India should not experience a significant impact from COVID-19 due to established herd immunity and a strong vaccination drive, unlike China where herd immunity is not as established.
"herd immunity in China has not really been established but if I'm talking about India herd immunity has already been established number one and number two very important the vaccination drive because it was superb in India that is the reason why ideally India should not see such a huge impact is what covet experts have to say"
Pending
The speaker believes 2023 might be a volatile year, suggesting potential turbulence in the stock market due to global economic conditions.
"personally believe that 2023 can be a little bit top-seater way be prepared though whenever you are flying you get this announcement right all passengers are required to put on their seat belts because of the bad weather conditions we might see some turbulence you might experience some turbulence I think that is what Could Happen"
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The speaker anticipates potential market turbulence and caution is advised for investors due to global economic factors.
"we could see that there is some bad weather in the stock market and there could be some turbulence uh based on that I I believe that everyone has to be a little bit careful while investing right now there could be possibilities of some jerks coming up in the market"
Pending
An increase in Japan's benchmark rate could lead to increased outflows from Indian markets and appreciation of the Yen against the INR, making Japanese investments more attractive for Japanese investors.
"if this rate has increased can I say for us the outflow is again going to increase answer is again obviously yes and if this happens yen is going to appreciate against INR it makes more sense right in that case for Japanese investors it will make more sense that rather than anyways in Japan the yields are high there are a lot of uncertainties right now"
Pending
Rising interest rates and bond yields in Japan might lead investors to favor investing in Japanese bonds over Indian markets.
"if interest rates in Japan are increasing if the bond deals are increasing in Japan the investors who are there they rather than investing money in India instead of that let me just put my money in the bond market in Japan can that happen"
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IPOs are unlikely to perform well upon listing if the overall market conditions are negative.
"when the broader markets are in pain don't expect IPOs to perform well on listing when broader markets are going to be in pain right"
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The speaker advises waiting before investing in US blue chips, suggesting a potential for further correction.
"is it a good time to invest in U.S blue chips or way to save more correction what's your fault I would wait"
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If Nifty fails to sustain the 18,000 level, it could experience a further decline of 400-500 points.
"if 18 000 is not sustained it might lead to another 400 500 points fall in Nifty"
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The speaker is holding off on investing the third installment in Polyplex, awaiting further market confirmation.
"I'm still not putting my third installment in polyplex so the moment I do that no doubt about that"
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A new Marathi course on personal financial management is being filmed and is expected to be released by the end of January.
"my very first shoot about Marathi course it's going to be on personal financial management and I'm shooting that right now only two days to go and my shoot will be over super excited for the course in Marathi"
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The speaker is waiting on VEDL as many stocks, including potentially VEDL, are breaking their 50-day moving average levels.
"VEDL so let me just quickly pull up right now I mean it doesn't make sense I mean a lot of uh a lot of stocks are breaking 50-day levels so we want to wait"
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CDSL and other technology-related stocks are trading below their 50-day moving average, making them unattractive for investment currently.
"cbsl is also all all stocks all anything related to technology I.T everyone is a below 50 day demand I would not want to go ahead with that"
Pending
Polyplex has broken its third tier support level.
"polyplex also let me just pick people up I think it has gone to the third Pier I remember seeing that today just slipped below the third year also broken one more support below the third tier"
Pending