Fiscal Deficit | Dedollarisation | Metals | CA Rachana Ranade

"if the fiscal deficit decreases then there is a great chance that the direct taxes income tax May decrease in the future that is a possibility"

"China sold a record amount of us treasuries so the amount of us treasuries sold were 53.3 billion dollar which were sold in the first quarter itself there are us treasuries are agency bonds okay but right now you can just imagine 53.3 billion dollar worth treasuries of USA being sold off Now you can imagine so many so much treasuries bonds sold off what are they going to get in return they're going to get dollars what did they do with this dollar they are buying gold they are increasing their gold reserves currently gold makes up 4.9% of China's reserves which is the highest since 2015 so this is again something pretty interesting China racking up its gold reserves uh and uh you know overall gold is almost at an all-time high with the central banks buying so much of gold continuing to buy so much of gold will there's a possibility that the gold prices may go higher from here as well"

"the concept of dollarization as well right I hope you understand this that more and more central government so more and more countries B basically shifting their reserves from US dollar to an alternate asset class which is gold that is not a great sign for United States of America because here countries are saying that instead of having dollar as a reserve currency that's okay even if we don't have dollars as a reserve currency we will have gold as our Reserve currency not currency per se but yes Reserve asset I I must say that"

"India which is the second largest producer of Steel in the world that this is the only country among the top five steel producing Nations to have seen a growth in production in April with other seeing a drop in production by more than some six s% during this month"

"next resistance is at 23,000 plus so this is going to be fun now the moment Market crosses 23,000 if it stays there then any call writer who has written the call at 23,000 if it goes to 23,100 let us say that person that call writer also gets strapped there is a short covering and that leads to another rally so as of now everything looks good 23,000 if I mean if Market crosses 23,000 stays there I think short covering will take it to 23,300 23,400 level as well so let me also check the pivots have not checked the oh too much I not checked it I'll be honest with you but just add said 23,300 400 but if you see your next resistance post 23,000 is directly at 23,400"

"write this down that if Market goes about 23,000 stays there then ideally it should go close enough may not be exact but should go close enough to 23,400 as well so it's going to be fun"

"if you are a person with limited profits and if you feel that oh my God what if Market goes down what if there is a profit booking after the election results what if I don't have money at that point in time so it's always better to book around around I'm saying around 50% of your profits"

"HL right now I believe is pretty much close to a short-term Target of mine I'll share my screen uh of course everyone has to do their own analysis this is not a stock recommendation this is neither a stock buy recommendation but very clear technical analysis here you can see this is pretty much close to an up flag pattern okay this is the height of the pole added to the top of the flag and added to the top of the flag is this resistance level okay close to that okay so be careful"

"Dixon same old story this is also like at an alltime high right now uh it's not 10,000 particularly but uh it's around 9,500 uh if you check the pivot levels the resistance I'll share my screen if you want as per pivot levels you can see 9,500 see is the resistance level"

"looks I mean definitely it looks like it has come out of its downward trajectory right now it'll be interesting to see how this candle closes because this is a follow-up candle of the breakout uh this is again a monthly chart that we are checking out right now let's also quickly check the weekly chart here weekly charts shows some minor weakness in the last few days"

"interesting this stock is a must add to your watch list for sure add this to your watch list"

"volumes are nice looks good A whenever I'm saying looks good it's the technical analysis right that doesn't mean that you have to buy"

"for I can say this is more of a double bottom it broke out and it is at a retest right now very nice level again add it up to your watch list very nice level it is at a retest"

"take out your take out your Capital away whatever you had invested capital is now back into your profit whatever is remaining is the profit let that be reinvested enjoy and keep a trailing stop loss maybe you can Trail your stop losses you currently you are at 15 15% of the profit maybe Trail 10% downwards so if it goes to 125 now your new trailing stop loss would be5 if it goes to 135 your new traing stop loss will be 125"

"Engineers India on a monthly chart It looks interesting right now I'll share the screen so even this level has been taken taken out but important one is this level here if you see here it's a clearcut kind of a double bottom correct volumes are also good it has broken out it broke out here it did retest now bouncing off initial High also know uh that has been taken out interesting to watch so again such such stocks have to be added to your watch list"

"on a daily time frame maybe you are seeing if it's a daily time frame in fact it's like a triple top rather than a double top"

"if the fiscal deficit decreases then there is a great chance that the direct taxes income tax May decrease in the future"

"China sold a record amount of us treasuries so the amount of us treasuries sold were 53.3 billion dollars which were sold in the first quarter itself"

"they are buying gold they are increasing their gold reserves currently gold makes up 4.9% of China's reserves which is the highest since 2015"

"the central banks buying so much of gold continuing to buy so much of gold will there's a possibility that the gold prices may go higher from here as well"

"more and more countries B basically shifting their reserves from US dollar to an alternate asset class which is gold"

"India which is the second largest producer of Steel in the world that this is the only country among the top five steel producing Nations to have seen a growth in production in April with other seeing a drop in production by more than some six s%"

"if Market crosses 23,000 stays there I think short covering will take it to 23,300 23,400 level as well"

"if Market goes about 23,000 stays there then ideally it should go close enough may not be exact but should go close enough to 23,400 as well"

"if you are a person with limited profits and if you feel that oh my God what if Market goes down what if there is a profit booking after the election results what if I don't have money at that point in time so it's always better to book around around I'm saying around 50% of your profits"

"looks I mean definitely it looks like it has come out of its downward trajectory right now it'll be interesting to see how this candle closes because this is a follow-up candle of the breakout"

"interesting this stock is a must add to your watch list for sure add this to your watch list"

"Bank of Maharashtra show my screen... looks good volumes are nice looks good"

"it is at a retest right now very nice level again add it up to your watch list very nice level it is at a retest"

"Engineers India on a monthly chart It looks interesting right now... It broke out here it did retest now bouncing off initial High also know that has been taken out interesting to watch"

"on a daily time frame maybe you are seeing if it's a daily time frame in fact it's like a triple top rather than a double top"