What Is Stopping Nifty? | CA Rachana Ranade

"if it's able to sustain above thousand we may see a fresh move again so uh would you really want to book profit or not of course call is yours but uh will this will this level attract some pressure ideally yes so if it does attract pressure it will cool off a little bit maybe ideally to this level again of 750ish if it does not cool off if it stays above this then we may see some fresh up move in this stock as well"

"let me see the pivot levels of course this is on the monthly chart there is another uh the pivot is at thousand one one three one so that's what I'm saying see if it is able to sustain above this it will also be above the monthly pivot and that could take up to the R1 as per the monthly candles again which will be 1679"

"keep track of the news about the entertainment if the news is very negative the stock can correct and if the news is in their favor then the stock can go up so important point which I wanted to tell you Mamta is keep a close watch on the news it's it's about a big case and see if it is going against them or in their favor"

"quarter wise sales pretty much up operating profit also doing well operating profit margin also not bad even profit before tax is doing very good in fact on a yoi basis it has jumped almost three times"

"when sales jumps almost twice but PBT is is going almost Thrice so that shows your leverage working your operating efficiencies at place so quarterly numbers look good even yearly numbers are good"

"it is at a resistance right now R2 is at 575 it's almost at an it's almost almost all time high um it is in an uptrend"

"RSI is cooling off a little bit it there are chances that it may come down a little bit to primarily what level can come down to R1 at least is what I feel 550."

"if it is able to take that out then it may go up to three eight two nine macd looks very much encouraging it is about to again you know cut it from the bottom RSI is again pretty encouraging at 63. 50 is about to cross 200 looks looks bullish overall just be a bit careful about three six four zero if it's able to cross that the next one could be 3829"

"their numbers are improving and we are expecting something uh this stock to perform really well if you see the numbers are not that bad but they are not like mind-blowing also if you see quarterly numbers it's more or less similar operating profit margin also from 24 to 27 is not like a crazy jump with 34 32 in the previous two quarters pbd from March to March yes has improved uh from I mean that that's a decent enough jump if you see a yearly number then from 5400 to 5700 to 5600 more or less similar the only thing that they are getting a positive impact is at the OPM that is operating profit from 19 it has gone up to 30 percent that you can see translated into the bottom line from 653 it has gone up to 1502 more than double"

"stock has been continuously in a downward Trend okay so you can see high low high low high low high low big question why inflation big impact of inflation inflation is cooling off uh crude prices are also you know turning a bit favorable but to see those in the numbers it's taking a little bit more time okay so not so happy but it will be interesting to see the numbers in a quarter or two and then I may decide on this on the further strategy"

"what a rally it has seen mind blowing more of a cup and handle pattern and the target as per cup and handle comes to around 167 but if I were to tell you about the short term comparatively shorter term you can see that as channel was formed it was broken and I feel that it will try and retest this so a retest can happen till 150 and if it bounces from here then I feel that classic case of breakout retest bounce in that case it can reach up to the cup and handle target pretty easily which will be 163"

"Jerome Powell was very very hawkish in his entire statements he said that yes inflation has cooled off no doubt about that and that is the reason why we would want to pause but you may expect to rate hikes soon so it is expected that the July meeting of fomc uh they they may again increase the FED fund rate"

"super Trend shows that the trend will be positive until we are even even up till the level of 18 350 roughly are we well above that yes okay but the immediate resistance is definitely going to be near the all-time high which is 18 888 round off and the first support will be at 18 600."

"uptrend intact strength little bit down but still we need not worry until and unless Nifty closes below 18 350 18 400 Mark"