Should you sell? | CA Rachana Ranade
Published: 2023-06-01
Status:
Available
|
Analyzed
Published: 2023-06-01
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Nifty's immediate support is at 18400, with a secondary support at 18163. The 50-day moving average is around 18000.
"if that is broken then the second level will be around the 50-day mark that is 18000 but we have an S1 also at 18160. so 18400 I think is the immediate support followed by 18163"
Pending
Nifty is confirmed to be in an uptrend, with no immediate signs of reversal.
"is Nifty still in an uptrend answer is 100 he has no doubt about it there's no question of reversal right now"
Pending
A minor pullback in Nifty is anticipated, but not a significant sell-off.
"all in all what I can say right now is that... answer is obviously not but we can easily understand that there could be a little bit of pullback"
Pending
Fibonacci retracement levels for Nifty are identified at 18447 (0.78) and 18101, which align with pivot points.
"the FIB level also of 0.78 is coming to 18447 the second level again is at 18101 pretty much very much close to the pivot Points"
Pending
Bank Nifty has reached an all-time high.
"bankruptcy hit an all-time high was very happy with that"
Pending
The market is expected to enter a period of consolidation and sluggishness, with no immediate expectation of a continued rally.
"right now am I expecting some sort of consolidation some sort of easing out some sort of sluggishness yes I don't think that there'll be a back-to-back rally"
Pending
India's GST collection for May surpassed 1.57 lakh crores, showing a 12% year-on-year increase.
"the GST data was very good in fact uh it crossed 1.57 lakh crores and the collection was up 12 on a year-on-year basis"
Pending
The automobile sector is showing an upward trend with positive May sales numbers, and is expected to continue in a good direction, possibly due to easing chip shortages.
"the auto numbers have been also very good uh they are on the upward Trend... the automobile sector can also be in a good direction right now"
Pending
India's GDP growth for Q4 FY23 was 6.1%, up from 4.4% in the previous quarter.
"fourth quarter a financial or 2023 was at 6.1 percent as against 4.4 percent in the previous quarter"
Pending
The US debt ceiling issue has been resolved.
"U.S debt issue has been resolved"
Pending
The US debt ceiling has been suspended without limitation until January 1, 2025.
"the agreement suspends the debt ceiling without a limitation until first January 2025"
Pending
Continued increases in US debt levels and easy availability of money could potentially lead to inflation and negatively impact the economy.
"if they continue to do so if they keep on giving debt and if they keep on increasing this then again if they make money very cheaper very easily available that can again pull up the inflation levels can hurt the economy again"
Pending
Germany's entry into recession could negatively impact companies that deal with Germany.
"Germany getting into recession can affect companies dealing with Germany"
Pending
For Nifty, open interest shows 115,000 contracts at 18,500 on the call side and 110,646 on the put side, indicating a strong battle between bulls and bears around this level.
"open interest one like 15 000 contracts at 18 500 on the call side on the put side one lakh ten thousand six forty six"
Pending
The target price for Mahindra & Mahindra, based on the cup and handle pattern, is projected to be 1433.
"if this sustains then the target as per the cup and handle pattern in this case is one four three three"
Pending
The level of 953 is identified as a potential resistance for Happiest Minds, based on Fibonacci analysis.
"based on Fibonacci I think this level of 953 can act as resistance right now"
Pending
If the resistance at 953 is breached, the next target for Happiest Minds is projected to be 1078.
"if that is broken then the next Target as per this is one zero seven eight"
Pending
Happiest Minds is experiencing margin pressure, with OPM decreasing from 26% to 23%, leading to a decline in PBT.
"margin pressure no doubts on that OPM got down from 26 percent to 23 percent and that is the reason why PBT has declined"
Pending
JK Paper is considered a fundamentally strong stock that typically performs well during the school reopening season.
"JK paper I had discussed about this talk almost three years ago it's it is definitely a very good fundamentally strong strong stock and typically I'll tell you what I have observed about this these are stocks which you know perform well during the school reopening season"
Pending
News of stake dilution in Patanjali Foods is expected to be a significant factor, potentially overriding technical analysis.
"whenever such news are coming up like dilution of sticks ideally my thought process is that we should not look at technicals because they can give a picture that can deceive us here the news of dilution of stake is overpowering it"
Pending
Foreign Institutional Investor (FII) holding in Gravita India has increased to 3.08% from zero.
"if I is holding has gone up from I mean zero percent to 3.08 percent"
Pending
Given the uncertainty surrounding the NIIT demerger, it is advisable for those in profit to book their gains and hold cash.
"but will there be an uncertainty yes so if you if any person doesn't love any uncertainty and it's in profit right now always better to book profits and stay happy with cash in hand"
Pending
The weekly chart of Imagicaa does not clearly exhibit a cup and handle pattern due to the handle being too low.
"on a weekly basis to be honest it's not a very clear cup and handle I would not want to call it as a the handle is way too lower uh no I don't think it is a correct case of a cup and handle pattern"
Pending
KPI Green Energy's quarterly results show a decline in operating profit and profit before tax, indicating poor quarterly performance.
"quarterly results operating profit is down Profit before tax is also down quarterly numbers don't look good"
Pending
Uniparts is currently in a sideways trend technically, with no immediately promising outlook.
"technically looks in a sideways Trend right now nothing promising"
Pending
Tata Elxsi is considered a fundamentally strong company, and the speaker holds it in their portfolio due to their positive fundamental assessment.
"if you ask me about the fundamentals I think it's fundamentally very nice company at Alexi uh I hold stocks of Tata Alexi in my portfolio disclosure but I fundamentally fundamentally love it and that is the reason why it is in my portfolio"
Pending
If the current trajectory continues, Tata Elxsi could potentially reach 8394.
"it ideally can go up to eight thousand three ninety four if if this trajectory continues"
Pending