ilmscore | Will NIFTY Go Below 23,000 Again? CA Rachana Ranade

Will NIFTY Go Below 23,000 Again? CA Rachana Ranade

Published: 2025-04-01
Status: Analyzed

Predictions from this Video

Total: 10
Correct: 3
Incorrect: 2
Pending: 5
Prediction
Topic
Status
Nifty index is expected to find support around 23,000, 22,900, and 22,800.
"23,000 is a good support 22900 is a support 22800 is a support."
Nifty Support Levels
Incorrect
US inflation could increase if the proposed tariffs are implemented.
"Inflation can rise pretty much in USA if this happens."
US Tariffs Impact on US Inflation
Correct
Tariffs on Indian generic drugs could lead to significant price increases in the US.
"if they impose tariffs on generic drugs which are being exported from India to USA then obviously generic drugs will become so expensive in the US"
Indian Pharma Exports to US
Incorrect
Increased cost of Indian imports for US manufacturers due to tariffs could lead to higher raw material prices and subsequently, inflation in the US.
"whatever imports US is going to do from India now they'll become expensive. So you can imagine for US manufacturers the raw material prices shoot up and because the raw material prices shoot up of course they're going to pass on that price to the customer because of which what will happen overall inflation can rise in USA."
US Trade Deficit with India
Pending
If the 38% Fibonacci retracement level at approximately 23,145 is broken, Nifty could fall to the 50% retracement level around 22,900, potentially filling a gap.
"If you see today, this is where we have taken support at 38% retracement. ... what if this is broken then there is a great chance that we go to the 50% retracement plus you can see that there is a gap here so this gap also gets filled in that case so there is a possibility that if this Trump tariff fears keep on increasing a bit we may go down to 22,900"
Nifty Support Levels based on Fibonacci
Correct
The speaker does not anticipate Nifty falling below 22,900 in the immediate future, with 23,145 (38% retracement) and 22,900 (50% retracement) identified as key levels.
"I don't see it going below this as of now ... so first and foremost, let's try to understand what are the key points so I hope everyone is clear in their minds right now where are we right now we are at a 38% retracement which is at 23, roughly 145 ... If we go down to 50% retracement, it could be 22,900."
Nifty Future Movement
Correct
India's exports to the US could decline by up to $7.3 billion annually if full tariffs are imposed.
"India could lose up to 7.3 billion in exports next year if Trump goes fullon into tariffs."
Indian Export Loss due to Tariffs
Pending
Full-blown US tariffs on India could result in a 10% impact on Indian exports.
"So this could mean like a 10% impact 10% impact if US were to go on with full-blown tariffs on India."
Impact of Tariffs on Indian Exports
Pending
The US plans to implement reciprocal tariffs starting April 2nd, meaning they will apply the same import tax rates to Indian products as India applies to US products.
"starting tomorrow that is 2nd of April I'm going to impose reciprocal tariffs. Simple meaning is like tit for tat. If we are charging 25% on any specific product to uh US for imports then US says if we are buying from India we are going to apply the same rate of tax."
US Reciprocal Tariffs
Pending
A second round of trade talks between India and the US will be conducted virtually.
"they have also agreed that the second round of talks will now start through a virtual mode"
Next Round of India-US Trade Talks
Pending