Will the Bull Run Continue? #ELMLive with Chetan Panchamia
Published: 2024-10-06
Status:
Analyzed
Published: 2024-10-06
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Nifty 50 index is predicted to not close below 25,000 by October 31, 2024.
"so probably now we feel that this is a normal correction"
Pending
The Shanghai market (Shanghai Stock Exchange Composite Index) is predicted to rise to 3700.
"we are going to go up to 3700"
Pending
Nifty's monthly low of 24,753 is predicted to be breached within the next week (by October 13, 2024) by a 300-400 point fall, followed by a reversal.
"the monthly low is 24753 so I won't be surprised in the short run if you see the daily chart this low can be taken out... we can see one more panic in the next week right where we can see a fall of another 300 to 400 points take out that monthly low and probably reverse"
Pending
If the Nifty 24,750 support level is maintained on a weekly closing basis, the Nifty index is predicted to reach a new all-time high.
"I expect if the support is held 24750 is held in a weekly basis you're going to move higher you probably make a new high that is for sure"
Pending
Bank Nifty is predicted to fill the gap up to the 52,800 level very soon.
"I see the bank Nifty 52,800 chart levels getting filled very very easily so can you see there's a gap here 5278 800 so moment it consolidates this should be my first Target and this will be probably 50% of the total fall so that's the area where my target the first Target should be met right 52,800"
Pending
HDFC Bank stock is predicted to retest 1800 and achieve a fresh breakout within the next six months (by April 2025).
"I probably feel this time the retest of 1800 will lead to a fresh breakout so I think so next six months probably be a breakout of this particular stock"
Pending
The Nifty Pharma sector is predicted to continue its classical bull run.
"Nifty Pharma yeah a classical Bull Run sir classical Bull Run and you see there's no followup selling at all and it's holding on to the levels so sir nothing to worry in the Nifty Pharma"
Pending
Radico Khaitan stock (and liquor stocks generally) are predicted to perform very well during the July to December period due to seasonal trends.
"one more stock which I'm very bullish is the liquor stocks right so is I'm very bullish I'm looking for a correction to enter right Radico Kar... if you see the monthly chart from July to December it does very well"
Pending
Global markets are predicted to open with a gap up on Monday, October 7, 2024, assuming no further Israel-Iran conflict escalation over the weekend.
"Probably Monday could be a very big indicator if you don't see bombing or any retaliation between Israel and Iran I think so Monday the global markets might open Gap up"
Pending
Geopolitical panic from Israel-Iran tensions is not expected to be a market trigger in the next two weeks from October 6, 2024.
"Israel Iran tensions I believe is not a trigger for the next two weeks"
Pending
There is a 65% chance that the current market downturn is a short-term correction, not the end of the bull run.
"the chances are I would say 65% that this is a short-term correction it is not the end of bull run right now"
Pending
The market impact from India-China fund flows is predicted to conclude within two to three trading sessions (by October 9-10, 2024) at most.
"the India China fund flow story will be over... very quick right within two to three trading sessions maximum this cannot last long"
Pending
Indian midcap and smallcap stocks are predicted to avoid a panic phase despite the Chinese funds situation.
"midcap and small cap will not be in a panic phase in this situation of the Chinese funds"
Pending
Derivative market volumes, particularly on expiry days, are predicted to decrease by 25% to 50%.
"on the derivative side you'll see a reduction in volumes... more than 25% and probably less than 50% so volumes especially on the expiry day will come down on the derivative side"
Pending
Metals sector stocks are predicted to top out as the positive influence from China's market ('Feelgood Factor') diminishes.
"Metals will also top out because the Feelgood Factor will now subside"
Pending
Crude oil prices are predicted to ultimately favor the bears (decline).
"crude oil oversold but I don't feel there is a very big problem on for the Bulls or the Bears so what I feel that ultimately the Bears will be winners"
Pending
Geopolitical panic from Israel-Iran conflict is not expected in the next month from October 6, 2024 (by November 6, 2024).
"this next one month they probably doesn't look like any Panic on the geopolitical front"
Pending
The market is predicted to experience a very quick rise once it reverses from the current correction.
"the rise will be very quick from here whenever it reverses because these types of Corrections they don't last long so the rise will be very quick in this particular case why because the global markets have not fallen"
Pending
Shanghai market is predicted to reach 3700 and potentially break above it.
"what I see here is we are going to go up to 3700 we are another 57% remaining and we might break that also"
Pending
Nifty is predicted to experience another 300-400 point panic fall in the next week (following 2024-10-06), taking out the monthly low of 24753, before reversing.
"What I feel is we can see one more panic in the next week right where we can see a fall of another 300 to 400 points take out that monthly low and probably reverse"
Pending
HDFC Bank is predicted to have an inevitable fresh breakout after retesting 1800 within the next six months (by April 2025).
"I probably feel this time the retest of 1800 will lead to a fresh breakout so I think so next six months probably be a breakout of this particular stock why the breakout is inevitable"
Pending
Nifty FMCG sector is predicted to have a good run due to good monsoons.
"with a good Monsoon I think so Nifty fmcg should give you a good run from year on"
Pending
If markets stabilize, Bank Nifty is predicted to easily fill the gap around 52,700-52,800, reaching it as a first target.
"I see the bank Nifty 52,800 chart levels getting filled very very easily... so moment it consolidates this should be my first Target and this will be probably 50% of the total fall so that's the area where my target the first Target should be met"
Pending
Crude oil price is predicted to ultimately favor bears (decline).
"I feel that ultimately the Bears will be winners"
Pending
Israel-Iran tensions are not expected to escalate in the next 1-2 weeks.
"Israel and Iran tensions probably not immediate not probably in the next week or not in the next two weeks"
Pending
Global markets are predicted to open with a gap-up on Monday (following 2024-10-06) if no Israel-Iran conflict escalation is observed over the weekend.
"if you don't see bombing or any retaliation between Israel and Iran I think so Monday the global markets might open Gap up"
Pending
The market is likely to see a range consolidation with increased volatility before a clear breakout or breakdown.
"my hunch is we are probability going to see a range consolidation up and down with a little bit more volatility right before either it breaks down or breaks up"
Pending
The upcoming dovish RBI credit policy is predicted to favor the banking sector.
"I think so this will be favoring the banking sector"
Pending
The banking sector is predicted to lead the next market rally.
"banking as a sector I feel could lead the next rally"
Pending
Any further market downside in India is expected to occur within the next 2-3 days or by the next week (following 2024-10-06).
"whatever lanss we have to make if we are to make should happen in the next two three days or by the next week"
Pending
The current market correction is expected to complete or enter a consolidation phase within the next 2-3 days.
"the next two three days you might see it completed or you could see a consolidation before the next rise or the fall"
Pending
There is a 65% chance that the current market downturn is a short-term correction, not the end of the bull run.
"the chances are I would say 65% that this is a short-term correction it is not the end of bull run"
Pending
Historically, global markets tend to be very smooth after October 15th.
"seasonally after the 15th of October things are very smooth for the global market"
Pending
The India-China fund flow story, causing market shifts, is expected to conclude within the next 2-3 days (following 2024-10-06).
"that'll be very quick in the next probably two three days the India China fund flow story will be over"
Pending
Midcap and smallcap stocks are predicted not to enter a panic phase due to the Chinese fund situation.
"midcap and small cap will not be in a panic phase in this situation of the Chinese funds"
Pending
Derivative market volumes are predicted to reduce by 25-50% due to the SA policy.
"on the derivative side you'll see a reduction in volumes... it should be more than 25% and probably less than 50%"
Pending
The Metals sector is predicted to top out in 1-2 days as the Chinese market's 'feelgood factor' subsides.
"the Chinese markets probably will hit in one or two days the Metals will also top out because the Feelgood Factor will now subside"
Pending
There is not expected to be any panic on the geopolitical front concerning Iran and Israel in the next month (following 2024-10-06), as Israel will likely focus on Lebanon.
"my Common Sense tells me that Iran Israel is already with Lebanon they'll complete that that might take one more month so they will not touch Iran so this next one month they probably doesn't look like any Panic on the geopolitical front"
Pending
When the market reverses, the subsequent rise is predicted to be very quick.
"the rise will be very quick from here whenever it reverses"
Pending
The speaker is very bullish on liquor stocks.
"one more stock which I'm very bullish is the liquor stocks"
Pending
RBI credit policy is predicted to provide a very positive vibe, even without a rate cut.
"RBI even if it does not cut it will give you very positive vibe"
Pending