Inox India Limited IPO | FOMC | Nifty Levels | CA Rachana Ranade
Published: 2023-12-14
Status:
Available
|
Analyzed
Published: 2023-12-14
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Inox India's management believes listing on the stock exchange will increase their credibility globally, as they currently have a small market share outside India despite being a leader domestically. This is a key reason for their IPO.
"management said that you know what uh they have a good share good market share in India but when it's about market share outside India or if it is about market share across the globe they said we are we are very we are I mean nowhere in the key competition okay there's a long way to go we can really achieve a lot more is what the management was mentioning but in that case they said that whenever we talk about we are a company from India versus we are a company which is listed on the stock exchange in India The credibility goes up when the management says that we are a company which is listed on the stock exchange in India and they said one of the reasons okay there could be many more reasons but one of the reasons which we for which we took this decision of listing was to get more credibility"
Pending
The global cryogenic equipment market is projected to grow at a CAGR of 6.9% from 2022 onwards, up from a previous CAGR of 2.6%.
"Global cryogenic equipment demand uh earlier up to 22 it has been growing at a cagr of 2.6% expected cagr is 6.9%"
Pending
The US Federal Reserve is signaling three rate cuts totaling 75 basis points in 2024, moving from a hawkish to a dovish stance.
"USfed has kept its Benchmark borrowing rate unchanged at 5.5% now that was not a surprise as such everyone felt that the Benchmark borrowing rate would be kept constant okay Agreed policy makers signaled that they expect that in the next year in 2024 they would cut the rates by 75 basis points so they're saying that most probably 25 basis points three times in all in all basically in financial year 2024 they said that we would want to bring down the rates that would be rate cuts to 75 basis points"
Pending
The combination of potential US rate cuts and decreasing US bond yields is expected to make equities more attractive, potentially driving the Indian market higher. The speaker references previous discussions about Nifty reaching 20,000 based on these macro factors.
"With two these two data points that that fomc has mentioned that they're going to do a rate cut they're going to go ahead with three rate Cuts mostly which will total to 75 basis points rates going down in the US if that be so automatically the overall yields the bond yields they'll become less and less lucrative I hope you have been watching our Channel I will just quickly try and recall uh which was yes one was Nifty at 20,000 that was one one uh video that I had done Puja if you can just share the link of that video Nifty at 20 you can just search that Nifty to or 20,000 soon and in that I had discussed about this bond yields I'll just check what is the date of that video this is like four weeks ago okay uh okay um minute this is about this is about this is about Thursday live stream only so in that four weeks ago Thursday live stream Nifty at 20,000 okay that plus we had done one more video which was about uh the mahurat trading session I will I will just share both these links Puja with you"
Pending
Despite significant net selling by Foreign Institutional Investors (FIIs) from August to October 2023 (totaling approximately ₹75,000 crores), there has been a shift towards net buying in November and early December, with FIIs buying ₹2,493 crores in December to date. This suggests a potential change in FII sentiment.
"August 20,000 crores worth uh you know money was pulled out from the market 20,000 CR rupees selling basically by F net selling by FIS September 26,000 CR selling byi October 29,000 CR selling byi okay so this is crazy this is around 7 almost what 75,000 roughly correct 75,000 crores almost fi money being pulled out from the market 75,000 crores almost right if you see November there was a net buying 7,000 cres but this nothing right 20,000 26,000 29,000 crores of course everything and 7,000 positive buy buy FIS D no tension everywhere we are buying they are selling 20,000 crores we are buying 25,000 they are selling 26,000 we're still buying 20,000 they're selling 29,000 CR we're still buying 25,000 selling 7,000 CR they also 226 crores okay now check this out this is month till date till till date in December okay they have already bought worth 2,493 crores"
Pending
Based on technical analysis of a parallel channel breakout and replication, Nifty's target is projected to be 23,300.
"this is coming to 23,300 okay parallel channel will not tell you the timeline before which this will be reached but this could be seen as one of the upcoming targets which is 23,300"
Pending
Jubilant FoodWorks has shown a clear cup and handle pattern breakout on the daily chart, which has been retested. Technical analysis suggests potential upside targets calculated from the height of the cup placed on the neckline.
"this is the cup and this is the handle after a long time something is happening in jubing Food Works and if you see here it has given a clear breakout it has retested and now maybe it may bounce off from here 2.32% today's candle and typically those who know how to put up targets using cup and handle whatever is the height here that has to be placed from the neckline is what technical analysis says"
Pending
Affle India is in a bullish zone with the 50-day moving average crossing the 200-day moving average. The stock previously hit a target of 440 based on a flag and pole pattern. The speaker is now observing a new potential upward-moving flag pattern.
"50 Dema has crossed 200 okay bullish no doubts on that it is in a bullish Zone but not a rounding bottom okay R zooming it is it is so happy okay I'll again share my screen I mean there's no stop shopping for that stock and I'm so happy that know generally it does happen that 10% 20% 30% Gams and we like Ram thank you got it in a short span of time or whatever people tend to book profits but you know we have been talking about this stock for such a long time uh see can can you clearly oh my god I've been studying this stock for such a long time and I now see I missed this one minute I'll just hide the drawings for now and I will also shut this up okay now if you see here there was a small consolidation that had happened here follow my cursor there was a small consolidation that had happened here and this was the pole this was the flag and this got honored right and the target as per flag and pole pattern was 440 which got hit now if you so this is the flag and pole I'll just delete few for the time being so that you get to know what I'm speaking about"
Pending
Following a new flag pattern identified in Affle India, the next potential technical target is 470.
"and from here it started its Journey this is the cloth of the flag and if that be so if this was to be replicated here next As per technical analysis could be 470"
Pending