Nifty at 18000? | CA Rachana Ranade
Published: 2023-02-09
Status:
Available
|
Analyzed
Published: 2023-02-09
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The Nifty is expected to find strong support around the 17,800 level, which should hold for at least the next week.
"I feel 17 800 last Thursday also we had mentioned about the same level if you remember 17800 was 11 that you talked about and I think even this Thursday to next Thursday this should ideally act as a good support as per the pivot level."
Pending
17,800 is identified as a significant support level for the Nifty.
"so I personally feel that okay 17 800 does look like a good support here"
Pending
Based on the analysis, 17,800 is considered a very strong support for the Nifty, and breaking it is predicted to be difficult.
"all in all I can say that yes 17 800 does sound like a very very strong support this being broken uh sounds pretty pretty difficult right now based on all the analysis that we did right now"
Pending
The USD INR pair appears to have encountered resistance and is showing signs of moving downwards.
"and again it has been fighting here and came back again it seems that it has taken a resistance just before it and it has started to move down seems like that"
Pending
If the US dollar weakens, the Nifty could see a positive move, but 18,000 is expected to act as a significant barrier.
"so ideally if the U.S dollar were to cool off a little bit from here then there are chances again that Nifty can show a positive move the only problem to what to what I mean it can go up to what for that the only problem is that 18 000 itself is going to act as a barrier"
Pending
The Nifty is predicted to trade within a tight range, with support at 17,800 and resistance at 18,100.
"so again I feel I'm I'm giving my same stunts a tight range again tight range between what and what between 70 800 on the lower side and between 18 100 on the upper side"
Pending
India's FY24 GDP is expected to be 6.4%, with Q1 growth estimated at 7.8% and Q2 at 6.2%.
"the yearly FY 24 GDP expectation is now standing at 6.4 percent uh and if I were to talk about the q1 and Q2 growth rates uh 7.8 percent and 6.2 percent respectively these were the growth estimates"
Pending
German inflation, after cooling slightly, has risen again from 8.6% to 8.7%.
"Germany inflation numbers came up and uh their inflation again is cooling off a little bit but previous month it was at 8.6 and this month it has come up again at 8.7"
Pending
Larsen & Toubro has secured an order worth ₹2,585 crore from the Ministry of Defence for 41 modular bridges.
"lnt bagged orders for 41 modular Bridges worth 2585 from defense Ministry"
Pending
A potential entry level for KPIT Technologies is suggested around the 730 levels, anticipating a retest of this breakout level.
"so I think you should definitely look out for 730 ish levels if you can get there that'd be amazing"
Pending
L&T is recommended as a 'buy on dips' opportunity, given the strong infra budget allocations.
"any good dip you see in lnt I think that can be considered as a buying opportunity"
Pending
Tata Motors is also considered for investment from a long-term perspective.
"Tata Motors again yes but from a long-term perspective let me just quickly check that"
Pending
Potential buying levels for Tata Motors are suggested at around 400 and 350.
"so maybe one chunk at 400 second chunk can be at around 350. that's what I see as per the technical analysis"
Pending
While the downside risk for Nifty appears limited, the upside potential is also seen as limited in the current scenario.
"downside risk right now as on today looks comparatively limited but even I would say that upside also looks limited I don't see a very long upside right now"
Pending
Bharat Dynamics Limited is showing bearish technical indicators, including a broken 50-day moving average and Bollinger band lower band, making it an unattractive entry point currently.
"micd pretty much bearish it has broken the 50-day moving average pivot level also not that good Bollinger band lower band Broken Arrow area nothing nothing right now I would not have entered it at this point"
Pending
Jubilant FoodWorks may consolidate and then break out upwards, as detailed in a recent video analysis.
"I feel maybe consolidation and may break out nicely upwards uh hopefully as as I mentioned uh again if you have seen my video everyone should watch my video latest video into building foodworks"
Pending
Polyplex might consolidate and move upwards if it sustains above the 1550-1560 level for several days.
"so it will be interesting to watch if it is sustaining about that level 15 50 level 15 60 if it does then I and it should sustain for at least three four days five days at that point in time and then I can say that there's a great chance at polyplex I can say that yes there could be a consolidation and from there it can go upward"
Pending
The 748 level is considered a good point for averaging or adding to SBI Cards.
"so maybe if you if you want to average out this 748 levels look good to me"
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Partial profit booking in ITC is suggested for those who invested at lower levels.
"if you have already invested at pretty lower levels I mean some people would want to maybe partially at least book profits and enjoy the returns"
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Partial profit booking in Eminem might be considered.
"both may be partial profit can be booked because I just have never ever trapped so would not want to comment on that"
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Dixon's performance is expected to improve significantly once inflation eases, as current high raw material costs are pressuring its profit margins.
"whenever inflation cools down whenever it is out then these stocks again come into play and ideally they could do way too better when inflation eases out"
Pending
The decision to buy an IOC 90 call option with a target of 84 by March is questioned, as the strike price is far out-of-the-money and too early to assess.
"I'm not sure whether it's the right decision or not if I want to check I mean option chain doesn't really talk about this right now too early to talk about this because 90s are far away strike price"
Pending
A target of 19,000 for Nifty by March is considered optimistic and possibly represents insurance buying rather than positional bets.
"19 000 by the end of March is is a very optimistic I think Tushar to be honest so I'm not sure whether this is because of that I personally I feel it's more like an insurance rather than you know position building for 19 000."
Pending
The insurance sector is facing challenges due to budget changes, specifically regarding a potential tax on proceeds from premiums exceeding ₹5 lakhs.
"for the insurance companies wherein I think there was a premium limit some five lakhs premium limit I guess if that be so then there are chances I mean it was said in the budget that whatever proceeds you get and if you're paying more than five lakh rupees of Premium if I'm not mistaken then we it earlier it is to be eee right now the last e may be text so when you get it as a Redemption Point that may be taxed so it is going to be a bit tricky"
Pending