Santa Rally in Nifty? | CA Rachana Ranade
Published: 2023-12-21
Status:
Available
|
Analyzed
Published: 2023-12-21
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Vunbees has acquired distribution and manufacturing licenses for beverages in South Africa, Eswatini, Namibia, and Botswana.
"so they actually uh have taken the distribution and Manufacturing license in the region of South Africa loto eswatini Namibia and Botswana"
Pending
The speaker sold IRFC around the 40-44 levels after it reached a target predicted by a cup and handle pattern.
"I had a averaged it as well but once this was broken I think I think this is the cup and handle that I I have oop sorry seems to be the cup and handle that I had drawn at that point and this was the target it got reached and believe it or not Ive sold this at 40 40ish levels 40 44 levels"
Pending
IRFC is exhibiting a flag and pole pattern on the daily timeframe.
"PR Cur says irfc has flag and poll pattern daily time frame absolutely that is what I was discussing right now"
Pending
Easy Trip Planners is currently trading at a significant long-term support level.
"I think it is at a good good good support a long-term support right now"
Pending
For confident entry into Bajaj Finance, it should close above the 8,000 level, or investors can observe support levels.
"if you want to enter with conviction then I think it should close above that or if you want to take something like or if you want to wait also observe where the stock sees a support"
Pending
A breakout above the 8,000 level on the monthly chart is considered significant for Bajaj Finance.
"I believe it has to close above 8,000 level"
Pending
The Santa Rally phenomenon, occurring between December 25th and January 5th, has historically resulted in a market increase of approximately 1.5% in about 70% of observed years.
"typically from I mean after 25th December till 5th of January typically it has been seen that markets have moved around 1.5% in those in those five seven trading sessions okay and uh this has happened almost 70% of the times of the observations that have been seen so I can say out of 10 years seven years this has this has been observed right"
Pending
Nifty is expected to find solid support in the range of 20,800 to 20,900.
"20,800 20,900 should act as a solid support if this is broken"
Pending
If the 20,800-20,900 support level for Nifty is breached, 20,500 is expected to act as a subsequent support level (R2).
"if this is broken then 20,500 would be the R2 level wherein we can again see a good support"
Pending
The speaker plans to invest another portion of funds in good stocks if Nifty drops to the 20,800 level.
"if Nifty really comes down to this level of 20,800 I'm going to invest again one chunk of my money in some good stocks"
Pending
The speaker intends to invest a chunk of capital in fundamentally strong stocks and potentially Niftybees if Nifty reaches the 20,800-20,900 support level.
"20,800 20,900 good level support level uh I would want to invest one Chunk in whatever fundamentally strong stocks I feel I would put in that and maybe some some in Nifty bees as well"
Pending
The US economy expanded at an annualized rate of 4.9% in the third quarter of 2023, which is considered a good number.
"US GDP figures came out and the actual uh the actual American economy expanded and annualized 4.9% so this is about the GDP did I say inflation not sure maybe so the GDP numbers came out and uh GDP so American economy expanded at annualized 4.9% in the third quarter of 2023 slightly Below 5.9% in the second estimate but match ing the 4.9% reported initially"
Pending
Inflation rates in both the Eurozone and the UK are showing signs of easing.
"inflation in the Euro Zone has again eased off UK inflation is easing off"
Pending