Nifty at 21,000? | CA Rachana Ranade
Published: 2023-06-29
Status:
Available
|
Analyzed
Published: 2023-06-29
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker predicts Nifty may reach 21,000 based on chart patterns and technical analysis. This is presented as a question mark, indicating it's a potential target.
"Nifty at 21 000 question mark"
Pending
A chart pattern analysis suggests that the distance from the lows to the neckline could be projected upwards, indicating a potential target of approximately 21,000 for Nifty.
"whatever is the distance this distance could be covered on the upward side so if I were to just right click this and clone this if I clone this if I put it right here let us see where are we 20 850 rounding it off to 21 000"
Pending
Based on pivot point analysis, if Nifty crosses and sustains above resistance level R2, it could potentially move up to R3, which is at 19,403.
"based on pivot Points if Market is able to cross R2 if it is able to sustain above that where is R3 R3 is at 19 403"
Pending
The gross Non-Performing Assets (NPA) ratio for scheduled commercial banks has fallen to a 10-year low of 3.9%.
"gross NPS fell from fell to fell to a 10-year low of 3.9 percent"
Pending
The net NPA ratio for scheduled commercial banks has fallen to 1%.
"net NPO ratio also fell to one percent"
Pending
The provision coverage ratio for Indian banks has increased significantly from 40.1% in June 2016 to 70.4%.
"the provision coverage ratio in June was 40.1 June 2016 I'm talking about June 2016 it was 40.1 and right now it has gone up to 70.4"
Pending
The Profit After Tax (PAT) for scheduled commercial banks grew by 38.4% in the financial year 2022-23.
"p80 that is profit after tax of scheduled commercial Banks that has registered a growth of 38.4 percent in financial year 2223."
Pending
ICICI Securities will be delisted, with shareholders receiving 67 shares of ICICI Bank for every 100 shares of ICICI Securities.
"delisting of icsa Securities and share swap ratio is going to be 67 for every 100 means you'll get 67 shares of icsa Bank for every 100 shares of icss security"
Pending
Indigo became the first aviation company in India to cross a market capitalization of 1 trillion rupees (1 lakh crore).
"India's it became India's first Aviation company to cross one trillion market cap one trillion means one lakh crores"
Pending
SEBI has approved the public offering (IPO) for Tata Technologies, a subsidiary of Tata Motors.
"they received an approval from sebi for the public offer of its subsidiary which is Tata Technologies"
Pending
The speaker reiterates the possibility of Nifty reaching 21,000 but emphasizes that the ascent will likely be gradual with pauses and consolidation, not a sharp upward surge.
"Nifty may go up to 21 000 but like I told you I don't believe that it will just go up shooting it'll go on with pauses consolidating and maybe moving up you know uh towards towards 21 000 possible"
Pending
PDS Limited is currently in a significant sideways trend, having traded within the same range for about a year and a half.
"it is in a very much sideways trend from a long time almost a year and a half it's it's in the same range"
Pending
The speaker would not have entered Artemis Health at its current levels due to its significant run-up and high RSI, suggesting a potential for a slight cooling off.
"I would not have entered this stock at this level there are chances that it may cool off a little bit because it is already pretty much high up"
Pending
The speaker expresses a lack of conviction for a sharp reversal in Clean Science and Technology and would avoid the stock at current levels.
"I would not have entered this talk at this level not nothing which makes me feel that arrays is a sharp reversal is that no so I would I would stay away from this talk"
Pending
The speaker sold Dixon Technologies in profit after achieving their target, emphasizing a realistic profit-taking strategy rather than chasing exponential gains.
"I sold it off somewhere here ... I enjoyed some descendant of profits I never expect double triple money even if I'm getting double then FD I'm like thank you thank you very much and I love to quit"
Pending
FACT may face resistance at R5, and with RSI at 80 and a red candle formed, the momentum might decrease. A fresh entry at this level is not recommended.
"but the problem is that it's already at R5 on a daily candlestick so may face some resistance here and it has shown a red candle even RSI is at 80 the momentum May dry out so careful somebody fresh entry so I would have definitely not done in this at this level"
Pending
While Nifty is at the top of the Bollinger band on a monthly chart, it has previously retraced from this level multiple times, suggesting caution.
"Bollinger band matters at the top of the Bollinger band has it crossed to the Bollinger band earlier he's trying to check does retraced from the Bollinger band from the top Bollinger band it has retraced so many times"
Pending
Interglobe Aviation (Indigo) has potential, but its fundamentals are not strong. The speaker has it on their radar but has not yet invested due to these concerns.
"there is a lot of potential in this talk but as I mentioned fundamentals are not that great so I'll I'll explain the whole analysis if you feel it is still worth it you can invest as of now it's not there in my portfolio it has been on my radar for quite a long time"
Pending
Electra has shown significant gains (almost 100% in five months) with strong volume, reaching all-time highs after a retracement, indicating something interesting might be developing.
"last five months Wow last last five months Almost Up by 100 and look at the volumes here I look at the volumes here so something interesting maybe coming up in the stock it had retraced to quite a big level but again back up there at all-time highs"
Pending
The fundamental analysis of ABB yields mixed reactions, with some aspects being good and others merely average.
"mixed mixed reaction is what what I can definitely say some some things are good some are okay okay"
Pending
Hindustan Foods has a low operating profit margin (OPM) of 7%, which is a concern as such stocks can be vulnerable to inflation.
"OPM only seven percent I don't like such stocks really OPM 7 is full-less foreign beverages is its fear how much is the Opium for Warrant beverages 20 percent See always always remember this very low opium percentage can can I mean these stocks can take a hit when the inflation Rises"
Pending
The pharma sector has underperformed, and while drug shortages might offer some hope, investors need patience. US FDA regulations and checks are crucial for stock performance in this sector.
"Pharma is again a sector which has not performed well at all and again one needs to be a little bit patient if one has invested in Pharma just because there is a drug shortage immediately will it push up or not doubtful there are a lot of us FDA regulations they have to be in place they have to be in check and then only you know stocks can perform well"
Pending
Given the market is at an all-time high, the speaker would not currently invest in small and mid-cap stocks due to the potential for a market cool-off or consolidation.
"when Market is at an all-time high then going to small capes the small caps and mid caps I would not have gone into it because you know once markets so see just a three four hundred points from here I'm saying then it could you know cool off a little bit or consolidate"
Pending