Nifty All Time High Soon? | CA Rachana Ranade
Published: 2023-05-04
Status:
Available
|
Analyzed
Published: 2023-05-04
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker previously predicted a first achievable target level for Nifty which was later confirmed to be in the 18200-18300 range.
"I feel that really this this is possible if you can tell me in the comment section I I want to test your memory I told you a level which I I said that I think this level can be the very first level that we can achieve"
Pending
The level of 1777 will act as a crucial support for Nifty, previously serving as resistance.
"this 1777 will now remain as a very very very crucial support earlier it would have acted as a resistance now this will be like a rock solid support according to me"
Pending
The 61.8% Fibonacci retracement level for Nifty has been honored, indicating a positive sign.
"the 61.8 retracement which is an important retracement it's a very important retracement that has also been honored"
Pending
If Nifty honors the 61.8% Fibonacci level and achieves a 66% recovery, there's a high probability of reaching an all-time high.
"if I'm saying that number one 61.8 or our Fibonacci level should be honored number to 66 percent recovery should be seen if that be so then there is a great possibility that we might see an all-time high coming up"
Pending
Nifty is predicted to potentially reach the 18,800 to 19,000 levels.
"and that is what we had discussed about the Nifty going nearing to at least 18 800 19 000 in the coming few whatever I don't know months or what or what but possible right"
Pending
18,100 is identified as a key support level for Nifty.
"two important levels you have to write down one is eighteen thousand one hundred level because that is somewhere between eighteen thousand and ninety seven and eighteen thousand one hundred and thirty three"
Pending
17,777 is identified as a second crucial support level and a trend changer for Nifty.
"eighteen thousand one hundred is a solid support if that is broken second solid support that I told you about the trend Trend changer that is 17 Again 17 76 7.80 easier to remember one seven seven seven seventeen thousand seven seventy seven that can be the second important support level"
Pending
An inverted head and shoulder pattern suggests a potential target of 18,800 for Nifty.
"I'm drawing I'm trying to understand what could be the possible Target based on this head and shoulder pattern so this is where I have to put it to and this comes to 18 880 whatever so 18 800 levels is possible from here"
Pending
The RSI on the weekly timeframe is expected to reach the 70-75 or even 79 levels in the coming weeks.
"I do see a possibility that in next few weeks we can see RSI touching the levels of 70 from where it may the halt go move a little bit higher to maybe 75 79 levels but if that be so from 60 to 70 or 80 can also be a good run"
Pending
Nifty could potentially reach 18,888 or even 19,000.
"the magic figure that we saw right now 18 000 888 whatever that can also be done or possibility number two the actual magic figure 19 000 can also be touched"
Pending
The infrastructure and banking sectors are identified as outperforming in the current rally.
"two sectors which are clearly outperformed uh in this rally one is infrastructure sector and second is banking sector"
Pending
IT and Pharma sectors have underperformed in the current market.
"and if I talk about two sectors which have underperformed one is it and one is Pharma"
Pending
IT and Pharma sectors are expected to continue underperforming in the short term until there is a recovery in the US economy.
"I think that it and Pharma is still not performed well in the short term until and unless we see some sorts of recovery from the U.S sector from from the overall U.S economy"
Pending
The Indian economy is robust, showing strong GST collections, credit growth, low NPAs, and high infrastructure spending, indicating resilience to US economic issues.
"GST numbers are fantastic Bank credit growths are doing very well npas are pretty much at lower levels overall infra spending is very high so all in all what I can see is our economy is is not really being affected by whatever is happening in the US"
Pending
If Nifty rallies to all-time highs amidst global economic challenges, the infrastructure and banking sectors are expected to lead the charge.
"if Nifty were to Rally from this level to the all-time high level if all these bad things keep on happening in in U.S Europe I I still believe that it will again be infra and Banks which will lead the rally and which may take Nifty to higher and higher levels"
Pending
Based on the cup and handle pattern, HDFC Bank has a potential target of 1841.
"as per the cup and handle pattern it has the capacity to go to 1841 level"
Pending
An inverted head and shoulder pattern on the weekly chart suggests a potential target of 2100 for HDFC Bank.
"based on inverted head and shoulder pattern on a weekly time frame it comes to around 2100"
Pending
Bank Nifty is outperforming Nifty, being only 1.05% away from its all-time high, while Nifty is still 3.5-4% away.
"from this level how far are we from the all-time high 1.05 percent and Nifty is almost I remember three and a half three and a half percent roughly or four percent away from its all-time this is clearly outperformed"
Pending
IRFC could see significant upside if it closes above 34.75 or 37.
"I would really be interested to watch this go up further and further if it gives a closing above 34.75 or it gives the closing Above This level 37 then though I think it can it can make wonders in that case"
Pending
If IRFC's RSI crosses above 70, a rally from 34 to 37 (10% upside) is expected, with further upside possible on sustained closes above this level.
"if it crosses Above This Then from 34 to 37 is is a rally that I can see pretty much coming up easily that is still a 10 percent upside another close above this can see it go further higher"
Pending
Access Bank's chart does not appear very solid, despite closing above the 9-day moving average.
"this chart at least doesn't look very solid to me right now to be honest I I typically follow a nine days moving average as well uh it has closed above it"
Pending
Nalco might rally to 92 levels if it closes above 85.
"I want to stay away from this just check if it closes above 85 then it would be set for the 92 levels"
Pending
Bajaj Finance could target approximately 7500 if it closes above a specific level (implied from the chart context).
"if it closes Above This Then it could be set for a Target of proximately 7500-ish levels"
Pending
The Indian government is expected to prioritize financial awareness and literacy, potentially including it in the new education policy.
"I feel that even our government may take this seriously because in the new education policy it is said that there is something about financial awareness financial literacy to be included in the syllabus"
Pending
Markets are anticipated to perform exceptionally well across the board.
"what I see are markets are poised for exception will be there for every single thing is what I believe"
Pending