ilmscore | Has the Market Topped Out? #ELMLive with @AbhijitPaulTrader

Has the Market Topped Out? #ELMLive with @AbhijitPaulTrader

Published: 2024-10-03
Status: Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Prediction
Topic
Status
The Nifty's long-term and intermediate trends are expected to remain intact, indicating that a long-term market top has not yet been formed.
"what I see long-term charts are still fine what I see the intermediate charts are still fine... has the market made a long-term top or not the answer is as of now no long-term charts will be intact"
NIFTY
Pending
The Nifty is highly likely to experience a 7-7.5% short-term correction, potentially testing the psychological 25,000 mark.
"this 4% correction can become a 77 and a half% correction it can tease the psychological 25,000 Mark... the Nifty can come down to tease and test at psychological 25,000 Mark which is this L this is a possibility this is a high possibility"
NIFTY
Pending
A short-term pullback (rebound) in the market is expected soon (possibly tomorrow or next week). The breach of the lows established during this pullback would then open the possibility for a retest and a more complex, multi-legged (ABC) correction.
"the most important thing that I personally will look forward to is the pullback back pullback is the pullback... whenever you get this pullback it can be tomorrow it can be next week the pullback bars lows are going to be very important because the break of the pullback bars low opens the possibility of a retest and an ABC kind of a correction"
Indian Stock Market Trend (General)
Pending
The recent regulator's move making derivatives trading difficult is not expected to significantly change the fundamental strength or position of the Indian market or economy, beyond an initial knee-jerk reaction in volumes.
"I personally do not think that the regulator move will have a huge impact in the knee-jerk reaction that we can see or the volumes Etc that will not change the fundamental spine of the market or the fundamental position of the economy per se"
Indian Market Regulation
Pending
Nifty has a high possibility of coming down to tease and test the psychological 25,000 mark in the short term.
"the Nifty can come down to tease and test at psychological 25,000 Mark which is this L this is a possibility this is a high possibility"
NIFTY
Pending
Regulatory changes are not expected to cause a significant long-term impact on the market's fundamental structure or economic position, despite potential short-term reactions.
"I personally do not think that the regulator move will have a huge impact in the knee-jerk reaction that we can see or the volumes Etc that will not change the fundamental spine of the market or the fundamental position of the economy per se"
Market Regulation Impact
Pending
If the market experiences a pullback and then breaks below the lows of that pullback, it could lead to a retest of previous lows and an ABC type correction.
"whenever you get this pullback it can be tomorrow it can be next week the pullback bars lows are going to be very important because the break of the pullback bars low opens the possibility of a retest and an ABC kind of a correction"
Market Correction
Pending
High chance of a market bounce the next morning (October 4, 2024).
"then a high chance tomorrow morning you're going to get a bounce"
Market Bounce
Pending
If specific financial sector charts (like Bank Nifty or Private Banks) break their current lows next week (week of Oct 7, 2024), there is a very high possibility of them retesting their previous lows.
"if next week you see a break of these lows then the possibility of these is very very high on the downside"
Financial Sector Stocks
Pending
The market has not made a long-term top as of now, and long-term charts are expected to remain intact.
"has the market made a long-term top or not the answer is as of now no long-term charts will be intact"
Market Long-Term Trend
Pending