Nifty - Bulls or Bears? | CA Rachana Ranade

"I'm getting into the zone I'm at least getting into the mindset of maybe I may start accumulating some good I.T companies"

"if it closes above this 167.90 on the weekly candle okay or maybe on the monthly candle 167 if it does I think this this is a multi-year breakout in that case"

"if I were to take it from this level it may show 250 levels also this is a monthly chart"

"agreed that there is a buyback but I personally have a feeling that if management is ready to give a buyback at such I mean exact exact number even I forgot you can just check it on the net and put it in the chat box I'll read it out but uh of course it's at a decent ticket of Premium if management is ready to do that there is a great chance that management believes that the share price may even go beyond that"

"if the merger is not given I mean if there is a hiccup in that again the stock can see a downward Journey if it gets an approval again it can see a positive Journey that is the reason why I prefer to stay away from such stocks which are completely dependent on some you know code decision or something like that it can see Wild moves"

"if it is able to close above 168 it's like it'll be like an all-time high closing and then of course 250 Target will not be met just like that in few weeks or this is a monthly candle right it may take some time but yes then there'll be possibility that it may start moving towards those levels okay"

"Bajaj finserve again my all it's one of the code fundamentally strong stocks so these are Buy on dips category stocks for me"

"possibility that it may go up to double one double five let us quickly check how is the RSI and macd both RSI is at 61 good enough and basically just about to cross over just uh cross over as I mentioned possibility that it may go up to double one double five but that's not like a huge move from here"

"so I personally feel that another three four five upper and six months from here and it stocks should start performing well"

"Bank of England has responded to the inflationary pressure why did this happen because this funding was more spending was more because of the inflationary pressure and that is the reason why they have been increasing the interest rates from 0.1 percent to five percent"

"Jerome Powell said very clearly that the fight against Central the fight against inflation is not yet over and he said that yes there is still inflation pressure going on and they said we are we are I mean we are trying our level best to bring back the inflation to two percent level"

"18 600. if not this then what and for that let us quickly switch on the pivots as per the pivot level the level comes up to eighteen thousand four hundred"

"till we are closing above that I don't think that should be a worry could there be a minor correction possible as per technical analysis we are also going to check what option chain has to tell us now if I were to check out the RSI you can see RSI has been cooling off today it it went down to almost 61 levels"

"I feel that yes it stocks the pain may be over in another three to six months is what I feel"

"momentum is drying out a little bit RSI is RSI is dropping and I would have shot a call otm of course somewhere around you know 18 800 900 or maybe even 90 000 level"

"increase government spending because of inflationary pressures has increased the UK debt government debt two or two point six trillion pound which is 100.1 percent of the GDP right this is the first time since 1961 that the government debt has surpassed the these levels of debt to GDP"

"I believe that there is chance that it may cool off a little bit but all in all it is pretty much solid and if you check even the weekly chart I just adjust it a little bit let me also pull up a monthly chart for you know a better analysis I'll just clean up this data point so that you get to know what I'm saying and why am I so bullish so if you can see here even if I not pull this down for a second this is what 2010 have looked at this 2010 this was the high 155 okay and again hitier came down and again here around similar so here it was around 162. 167 so this is what 2017 car level uh this is 167.90 now it'll be interesting if it closes above this 167.90 on the weekly candle okay or maybe on the monthly candle 167 if it does I think this this is a multi-year breakout in that case okay and if that be so I know this is too much to us for but I hope you are understanding this right one so this is like one bottom again went to here again a bottom again here so if that be so you can imagine from here to here I'm cloning this and if I were to take it from this level it may show 250 levels also this is a monthly chart I'm repeating this is a monthly chart uh 2010 same level 2017 same level and here we are at 2023 just don't be under the impression key such a bhangar stock such a bad stock that it's almost there people there have been lot of splits or bonuses I don't remember exact bonus to split but a lot of core production has taken place and dividend yield it has a dividend yield of almost eight percent almost eight percent so crazy returns I can say uh steady returns not mind-boggling but definitely study returns last three months this talk has been doing really well it does last three months only it has gone up by almost 35 36 percent it's it's a government uh I mean it's a PSU so don't expect sharp moves but yes last three months it has given a sharp move and now that it is trading above this I'm a really wanting to check out if it is able to close Above This level 167 you can note this down for your analysis also I'm also doing analysis even I'm a student of stock market so I'm doing my analysis please you also join in the analysis the day when you understand so this month end is what we have to check out for right if it is able to close above 168 it's like it'll be like an all-time high closing and then uh of course 250 Target will not be met just like that in few weeks or this is a monthly candle right it may take some time but yes then there'll be possibility that it may start moving towards those levels"

"I'm getting into the zone I'm at least getting into the mindset of maybe I may start accumulating some good I.T companies uh that's what I feel uh they have they have been beaten down quite a bit and uh there is a reason why I definitely want to keep them on my radar right"

"now you can imagine right now based on technical analysis we were saying 18 600 18 400. option chain suggests that there is a great possibility that people might not even leave eighteen thousand eight hundred okay so seems a bit difficult yes we have closed the shade below 18 800 agreed but then what we can understand by this is that if it starts going down eighteen thousand eight hundred put options put sellers may get trapped and which may bring in a little bit of selling pressure and which may take the market towards 18 600"

"Pro Limited close all other points required with a weekly chart so that it will be easier for us hmm have a look at this from here almost 48 percent of why did I remember 30 a little bit more than that okay pretty much so this is one stock which has not performed that well as compared to other mid cap I.T stocks of course Wipro is not that but as compared to other it pack this this one has not at all performed well so could this be one which may perform in in the coming like is a question"

"Bajaj finserve again my all it's one of the code fundamentally strong stocks so these are Buy on dips category stocks for me"

"ultratech has always been one of my favorites I have it in my portfolio as well since such a long time"

"the hearings of sat and nclt both were to happen this week but both got postponed to next week that is on 26th of June and it will be interesting to watch what happens on 26th of June if the merger is not given I mean if there is a hiccup in that again the stock can see a downward Journey if it gets an approval again it can see a positive Journey"

"ITC absolutely a good one let me just quickly check uh it's it's a range bound one right now"

"I don't think this is the right time uh I feel that it may cool off a little bit RSI is already at a high level and that is the reason why I'm not pouring in more money in this stock right now"

"possibility that it may go up to double one double five let us quickly check how is the RSI and macd both RSI is at 61 good enough and basically just about to cross over just uh cross over as I mentioned possibility that it may go up to double one double five but that's not like a huge move from here"

"it may face some resistance right now see one two three and down and four and down let's I mean it would be interesting if it is able to close Above This level it may face an immediate resistance at R1 but if it is able to close above this and sustain then there's a possibility that it may move up to R2 levels"

"this has seen a huge correction and if I were to take it from the top till the bottom most point first big hurdle will be at 87 uh see even R1 is at 80 this 23 retracement is at 87"

"I personally feel that another three four five upper and six months from here and it stocks should start performing well so even I'm I'm trying to you know trying to find out few I.T stocks where I can average a bit in some stocks wherein I can pyramid a bit but I feel that yes it stocks the pain may be over in another three to six months is what I feel."

"agreed that there is a buyback but I personally have a feeling that if management is ready to give a buyback at such I mean exact exact number even I forgot you can just check it on the net and put it in the chat box I'll read it out but uh of course it's at a decent ticket of Premium if management is ready to do that there is a great chance that management believes that the share price may even go beyond that"

"Jerome Powell said very clearly that the fight against Central the fight against inflation is not yet over and he said that yes there is still inflation pressure going on and they said we are we are I mean we are trying our level best to bring back the inflation to two percent level and again because of all these things the yields showed huge spikes"

"increase government spending because of inflationary pressures has increased the UK debt government debt two or two point six trillion pound which is 100.1 percent of the GDP okay is that a huge number yes because this is the first time there is a reason why I'm sharing we wrote it down I'm sharing this something important this is the first time since 1961 that the government debt has surpassed the these levels of debt to GDP right"

"so I personally feel that another three four five upper and six months from here and it stocks should start performing well"