Get Ready to Trade !! | #ELMLive | #AskMeAnything on Stock Markets with @AbhijitPaulTrader
Published: 2024-04-29
Status:
Analyzed
Published: 2024-04-29
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The Nifty is likely to reach new all-time highs, but its sustainability is doubtful.
"it seems like it is headed towards uh new lifi million dollar question will it go there looks like it will it sustain I have my doubts I seriously have my doubts there"
Pending
If Nifty spot breaks and closes below 22,200, significant downsides will open up; otherwise, the market remains cautiously bullish.
"last week low on the Nifty spot it's 22 198 22 198 22200 okay Al because this is the level Beyond which downsides steady downsides open up all right till that point of view we can continue to stay cautiously bullish"
Pending
If the PSU Bank Index sustains its current breakout level, it can make a significant structural upward move.
"if it does not slip below this breakout level then it can give a pretty good move a pretty good structural move so it needs to sustain will it sustain time will tell us we need to see whether it sustains or not but the move is really good"
Pending
Bank Nifty has a high chance of experiencing a pullback ('throwback') after its breakout, but it is expected to be shallow, not deep.
"this time a breakout High chance it will throw but that it should not throw back too much it should not be that deep"
Pending
The Private Bank Index has potential to move towards its all-time high of 25,000.
"private Banks has some Headroom towards its all-time high 25k so we'll look for some opportunities over there"
Pending
The IT Index is expected to slow down its selling pressure and downward movement, although a bounce back is uncertain.
"This is not a bad place for the it index on this time frame to just slow down its selling not bounce back I don't know whether it will bounce back this is not a bad place this is not a bad time wise also for it to slow down its down move"
Pending
The Auto and Real Estate sectors are predicted to experience a quick dip or correction.
"couple of sectors which are uh which can give us a quick dip Auto and real estate this is a little preemptive this is this view is a little contrarian"
Pending
If the CNX Auto index closes below 22,000, it is likely to undergo a consolidation or correction.
"if today's low is broken tomorrow or day after tomorrow and if I see a close below today's low today's low on the cnx auto is 21990 let's say round figure 22,000 close then probably &m maruti T Model H motoo baj Auto consolidation correction"
Pending
If the CNX Realty index closes below today's low, it is expected to retest previous levels due to a preemptive slowdown and corrective move.
"I will wait for today's low to get breached if it closes below this then a retest of these opens up so I'm looking for a contrarian preemptive slowdown which can lead to a corrective move in real estate"
Pending
The current breakout in the Midcap index is doubted and likely to be tired or unsustainable.
"I really doubt this breakout because of the the way it has broken out it should be tired"
Pending
The chemical sector is ready to bounce back.
"chemical sector ready to bounce back this is not a bad sector you can keep an eye on"
Pending
The upward move in the chemical sector (e.g., Navin Fluorine) is predicted to be choppy and not a smooth rally.
"the answer is yes but the move up let's say for example navine FL run it will not be a pretty run I doubt it will be a pretty run"
Pending
It's advisable to stay away from the FMCG sector until a clear, stable upward trend emerges, indicating continued choppiness or lack of clear direction in the short term.
"stay away for what for some some stability from from the daily point of view maybe a Breakout some stability where you can get a nice reading the the angle of the chart on The Daily is is nice on the upside then you will get some Falls and then then you play the fmcg it's better not to"
Pending