Nifty All Time High Soon? | CA Rachana Ranade
Published: 2023-06-08
Status:
Available
|
Analyzed
Published: 2023-06-08
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker believes Nifty's upward trend is intact and does not foresee a significant downturn, although minor pullbacks are possible.
"I personally feel that the upward trajectory is absolutely intact uh Nifty is nowhere showing signs of bearishness could there be a minor pullback possible why not but uh will it lead to an absolute downturn I don't believe so"
Pending
Nifty faces resistance at 18,800, but if it breaks all-time highs and sustains, it has potential to go significantly higher.
"On the upside 18 800 can be a resistance for Nifty but once it breaks the all-time highs and once it sustains it is going to be really exciting there are great chances that it will just go beyond the all-time highs"
Pending
The Central Bank of Canada surprisingly hiked interest rates, ending a hold that began in January.
"Canada hiked the interest rates again and that was a surprise now why because the Central Bank of Canada they had been on a hold since January"
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Canada's overnight interest rate has reached a 22-year high of 4.75%.
"they increased the overnight rate to a 22-year high of 4.75 percent"
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The upcoming US Federal Reserve meeting on June 13th and 14th is a key event to watch.
"now all eyes are towards U.S spread meeting in the next week June 13th and 14th are the important days"
Pending
OPEC countries are planning to cut oil production to increase crude oil prices.
"they are right now wanting to slash the output why because they want crude oil prices to go up"
Pending
Bank of America Securities raised its target for Paytm (197 Communications) to 855 rupees from its current market price of 772 rupees.
"they have increased their target to 855 rupees current market price is 772."
Pending
The speaker anticipates Paytm (197 Communications) might face strong resistance around the 800 rupee level.
"my personal opinion is that stock may see some resistance around 800"
Pending
Ether Industries has signed a Letter of Intent with a US-based global Oilfield Services Company for a strategic part manufacturing partnership.
"they have I mean there is a letter of intent which was signed with a us-based global Oilfield Services Company for a strategic part manufacturing partnership"
Pending
Current polls suggest the US Federal Reserve may pause interest rate hikes.
"what I see as a poll right now majority of them are saying it may be a pause again"
Pending
For averaging down (termed 'pyramiding' by the speaker) in strongly trending stocks like KPIT Technologies, the strategy is to buy near the mean (around 948) or the lower band of its channel.
"if if anyone wants to do uh such upward averaging then this is what we typically check this is the channel try to buy it somewhere around the mean this level so this level comes at around 9 48 if if you get it near the lower band nothing like it"
Pending
Based on a double bottom pattern breakout, the target price for Astral is projected to be around 23.50.
"if I place it at the breakout level then the target would be around 23.50"
Pending
Starting July 7th, Bank Nifty will have its expiry on Fridays instead of Thursdays.
"starting July 7th is what I remember reading it in the newspapers let me see what is July 7th oh it's a Friday yes so July 7th is correct starting that day Nifty Bank Nifty will also have a new expiry date which would be Friday instead of a Thursday"
Pending
Hero MotoCorp plans to launch a new premium bike every quarter.
"they are planning to bring a premium bike basically planning to launch a premium bike every quarter"
Pending
Hero MotoCorp is recommended to be kept on a watchlist due to its strategy and recovery.
"and that is why it will be worth keeping that on your watch list"
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If Tata Motors can sustain above 590, the next target is projected to be 651.
"at 590 levels if it is able to cross if it can sustain about 590 then the next Target is 651"
Pending
For Jubilant FoodWorks, a clear trend change from downward to upward will be confirmed if it crosses and sustains above 500-515-520 levels.
"I would want to see it cross this level Global 500 and stay there for some time keep on climbing steadily and stay up strong at 5 15 5 20 levels and then I can see that okay the trend has changed the downward Trend then I would say is over"
Pending
A potential good entry point for VBL could be if it starts recovering from its current levels, considering its upward channel.
"but if it starts recovering from here then that could be a good entry point considering the current upward Channel"
Pending
HDFC Bank is considered a fundamentally strong stock, and the speaker has strong conviction for long-term holding.
"if you are accumulating HDFC Bank it's a very good stock fundamentally so if I I have a very strong conviction about this talk if you do have it should be holding it for a long term"
Pending
Index mutual funds are considered a mandatory addition to any investment portfolio.
"index mutual fund is a must it's a must that anyone should have in their portfolio"
Pending