Nifty Party Over? | CA Rachana Ranade

"now if you see here I hope you have understood clear case of downtrend okay now I'll just now which was the latest High this was the latest tie that was made okay from the low high low high let me just also close this from the lows and highs this was the latest High I wanted to close above this then it will give me a sign of trend reversal okay now this is 1600 and 68 almost now we have missed such a big rally you want to buy when it has closed above that simple because this rally can also again go down this could be a minimal one and we never know at this point no one could have told that it would give a 40 rally so until and unless we see a trend reversal Trend reversal will happen if it closes above that sustains above that then I can say okay this could be a reversal"

"if it closes above that sustains above that then I can say okay this could be a reversal then I would definitely make it a point that okay I'll see the technical sign maybe then elaborate okay one more very important point that comes up here is R3 again is at that so we if R3 is also crossed and sustained 1815 can be easily the first Target at then 1962."

"the 200 demo we are at 200 demo right now right now so finally it has at least come closer to that it it did you can see so beautiful it has uh very marginally closed above that 1605 is the 200 demo and it has closed at 1607 so please keep this on your watch list on your radar there are chances that it may show a trend reversal"

"possible trigger for a jlpm modi's upcoming visit to us in June possible agreement on transfer of technology to HL keep watch"

"this has been also doing pretty well okay solves straight rally what's what's up with this talk it's at R2 it is struggling a bit at R2 I can say be a bit watchful parallel Channel it's almost like from here to here have a look at this this parallel Channel correct and from here it has broken out but already it has gone up quite a bit if I want to just duplicate this clone this target has been achieved already that was coming to R2 right now this is also crossed R3 careful that that is what I would want to say here because even at a weekly level RSI is at 86 that's pretty high macd is also like way too up so if you already have it enjoyed and do keep a trail in stop loss"

"nbcc here we have right now uh it's at the 200 days moving average that's acting as a resistance a clear resistance no doubt on that uh pivot is at 39.7 so it's in a tight range we'll have to see if it it closes above this if it does 52 could be the target but if you see our RSI is also pulling off a little bit so again be careful uh macd going crying again not so so strong so cautious note on NB nbcc right now"

"so we are heading towards that so there may be possibility that there could be a small run up here but we have to be super cautious at this level because whatever you've seen in the past eight seven eight seven eight percent correction and three four five days is what we have seen in the past"

"the U.S debt crisis is what they call in simplest terminology U.S is having less money right now they are falling short of money they have to raise this money how are they going to raise money if they are falling short of money by issuing bonds through the debt market right but if they're issuing bonds they are raising the debt they're raising the debt in the balance sheet of USA right and if that be so they need a permission okay permission is not being given by the opposition party right now and that is that is why there is an interlock they are saying that if you don't give us the permission it will not happen I don't think so USA is running out of money that is not going to happen they are going to give in his debt so-called debt crisis is ideally never going to happen it's just about when will they get the actual permission"

"at that time USA president said Joe Biden said that I'll not be able to come to the you know a quarter Summit why because the debt ceiling negotiations are going on and uh this is very important uh that's that's like a cap on the cap on the total money that USA has a government can I mean is authorized to borrow if we if we are not able to borrow then we will not be able to repay Nations or will not be able to pay certain liabilities liabilities like if you are aware that a lot of pensioners funds go from the U.S treasury so it can be a a very you know terrible situation"