4 IPOs Closing Tomorrow | Things You Must Know | CA Rachana Ranade

"my target is very high on Nifty till 2030 right uh but as of now I hope you have understood this is the important line which is the previous high this needs to be broken if this is broken I think we can try and go back to the all-time highs okay uh 50 days moving average is around a similar level which is the low and we are still pretty much above that uh if you were to check even the 9 days moving average we are still above that and 9 day has cut the 50 dea it's a bullish crossover as I think 200 days is going to be very low all in all if you me trend is intact nothing much to worry we'll also quickly check the option chain and for option chain you can just I'm sorry we'll just check the 30th November data and for 30th November if I just go down here you'll see all these chocking levels 1 lak 14,000 open interest at 19,800 19,900 again 1 lak 19,500 at 20,000 again 27,000 at 20,100 again 1 lak 1,000 so is every 100 points move and you're going to see one one lakh open interest but something very interesting at 20,300 today I could see a lot of open interest being built up here this is the highest open interest 6222 this is the highest open Interest being built up here at 20,300 so maybe if these levels are taken out now if this level is taking out our choking zone so it indicates that from here the move can be fast okay but too early to say anything about this plus be aware this Thursday which is going to be the 30th which is going to be the last expiry for this month this is going to be the monthly expiry right and monthly expiry will be typically a little bit more volatile than other weekly expiries so be careful whenever you are trading so that's what I want to wanted to tell once that 1985 900 is taken out then 20,000 to within no time and if that is also taken out then you can see always understand this if call open interest is so high one lakh one lakh one lakh you can see two three so at 19,900 20,000 20,100 it was one lak one lak one lak call side op open interest if one level is taking out taken out they are trapped second level is taken taken out all are I mean they will either square off their position they or they'll try to roll over to the next level here also if they are not able to do it again so more and more it starts going up more and more people get trapped and that is where the unwinding or squaring off will happen and that may help the market to take it higher and higher right so we'll be really interesting to see where where Nifty closes but again can note this down 19,900 is is the factor is the choke point that needs to be uh you know taken out 19850 to be precise 19,900 sorry 1984 to be precise 19845 if it closes above that wow we can then I'll say just looking like a wow okay so we we'll have to check that out carefully"

"72 divided by 12 how much six we almost at the beginning of 24 so 24 25 26 27 28 29 and one year I'm just saying one year here and there if there is some jerk there is some vault still one year I'm just taking as a safer site it should double by that okay so 20,000 40,000 easily is what I feel and that is a rule of 72 for you and I hope you have understood the logic for that as well"

"flag and pull flag and flag pattern flag flag Pro everyone is pro yeah why are we taking Thursday live streams everyone is pro everyone knows I'm so happy a teacher is always happy when students give correct answers answer is correct and then if you try and you know just check of course this is not going to happen in one day this is not going to happen in one month it'll take a long time okay but but just for you to get a feel good Factor okay I'll just delete this for a second so for those who did not understand this is where the uptrend has started roughly okay this is like a flag and pole typically if you were to check the Target on a conservative basis that will happen from the Lower Side of the cloth on a conservative basis still it comes to 22,900 and if I were to take it from the upper end of the flag 23,800 okay 23 24,000 uh but you know uh it's not going to happen immediately no doubts on that it will not happen immediately uh but it feels good if we uh see such targets coming up on Nifty"

"so that that is what I may do uh on the day of listing if I don't get any allotment on the day of listing I may buy some quantity not not 100% uh so yes that is what I want"

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