Bulls In Charge | CA Rachana Ranade

"so I hope you have understood that we tried to quickly analyze two three key parameters and all two three key parameters uh suggest one same level and what is that the same level is of 18 200 so everyone note this down if you see that yes 18 200 is broken is broken convincingly and if you feel that the markets have closed above that and have sustained above that then we may see markets going at a higher level so I hope everyone has understood the key level that we have to check out for is 18 200 right"

"if that level is broken if 18 200 is broken then what could be the next uh what could be the next level for Nifty for that let me just quickly go back to the Nifty data and I will show you what could be the next level I'm going to quickly share my screen share screen all right okay so here you can see first support we can see at 18036 sorry you can see at 18 0 36 and that is the round level of 18 000 Okay so that is the immediate neck support let's also try and understand what could be the next support with the help of pivot Points after 18206 here we have directly 17 600 and that is what we had discussed on this Thursday if you remember I told you that this this is broken and I feel that we may March a little bit towards 17 600"

"once 18 200 is broken if you want I can also share my screen it will be directly 18 500. if it's convincingly stays about 18 200 if you see here as per pivot Points the pivot itself is at eighteen thousand five hundred and eleven Okay so after eighteen thousand two hundred broken upward convincingly you may get to see 18 500 in charge okay"

"it went it potentially can go up to 300 rupees as per technical analysis"

"from 30 to 70. by how much percentage did Nifty go up and from this 30 also to this 70 how much percentage Nifty has gone up and then from here it will be worth checking how much it may go up okay let's let's try and do some fun analysis from here to this level almost 10 percent up okay now let's do the second analysis from this level to this level almost at 12 percent up and now if we were to say 10 percent from this level to this is this is too much to ask for man it will go like up to 19500 in that case"

"it is going to be Tata steel which can be one of the beneficiaries and yes I think in the last few days Tata steel has formed well uh let me just check yes almost one two three four last three four days May from the bottom most point till the topmost point it's almost a 10 recovery so it is definitely based on the China opening up theme and uh this talk if you are having a long term view it is going to have some nice uh I mean it's it's worth it would be worth watching it"

"one two one two clear cut case of double bottom uh even if I were to draw a trend line from here to here okay and uh from the lowermost point till then this is almost 8 22 percent okay from here to this potentially can see as per technical analysis it can go up to 103"

"the first ones to come up with the earning season is going to be I.T companies uh so it'll be fun to uh see how the it companies declare their results that can be the next driver for the market if it companies come up with at least average kind of returns then still I think that will be taken up as a positive thing by the market"

"I feel that yes the rally in the banks is not yet over uh it of course would not be a straight up rally but I'm I'm definitely positive about the rally in the banking sector and I feel it's not yet over for sure"

"overall Pharma sector view we don't want pharmaceutical to be positive because so I mean if you want format sector to be positive we we should not hope for another coveted wave"

"I feel that yes the rally in the banks is not yet over uh it of course would not be a straight up rally but I'm I'm definitely positive about the rally in the banking sector and I feel it's not yet over for sure"