Nifty Rally to Continue or Bears to Return? | CA Rachana Ranade

"Donald Trump had announced that starting 2nd of April tariffs are going to be imposed even on India. Okay. Now everyone was already pray India. Okay. Two three sectors something like pharma really important because we have a huge exposure for we selling pharmaceutical products to the USA. Huge exposure in the automoils as well. But what I feel is auto is at a bigger risk as compared to pharma. What is the logic? See, Can he take a risk of imposing more tariffs on automoils? Yes. Can he take a risk of imposing a lot of tariffs in pharma? Ideally, no. Ideally, no. Why? Because if the people out there, if the if the US people are not able to buy medicines at a cheaper cost, then I I I can definitely tell you that the public sentiment can very well go against Mr. Trump. And that is the reason why I don't think he will impose a lot of tariffs on pharma especially on essential. And if you know about this, the generic drugs that are available in USA, majority or a huge chunk is exported by India to USA. So USA heavily relies on generic pharma to buy from India. So if he increases the tariffs for generic drugs, I think he'll he'll he'll have a big backlash. So he imposing tariffs on India for pharma is going to be very difficult is my personal interpretation of course. Okay. But what is happening right now is a 3-day meeting bilateral meeting for bilateral trade between India and US. uh it is going to end tomorrow if I'm not or it's going to be ending today. Okay. So today is the last day of the three days meeting and this will ensure that some good outcomes come up hopefully. So on the 2nd of March if nothing horrible comes up if nothing bad comes up it'll be again a smoother ride for the next few days up until something else happens. I'll tell you about that. But the tariff fear at least will come down drastically."

"till 2nd of April I don't think that we should come to a conclusion that whether this is like a delicate bounce or whether we'll see a major sell off or what till 2nd of April don't take any major you know decisions is what I feel that's my personal thought process because there's a lot of uncertainty which is lying ahead"

"what what is one of the most important event that is going to come up is the Q4 results super duper important Q4 results assessment don't worry Q4 results will now guide the direction of the market I think post Trump tariffs what is the second most important thing right now is what could be the Q4 results looking could could they be looking like uh if it is if it is bad now let's see what happens but uh I feel we we I mean I don't think we'll go back to those crazy levels of what we saw 21,800 kas I don't think we are going to go there uh a small dip is possible but uh at least I'm going to use that again as a buying opportunity"

"Gold US dollar per ounce. Let's check for gold. Let's go on to the monthly chart. I think I showed this to you, right? Going very strong. No second thoughts. 6% up this uh this month. I hope everyone knows about the cup and handle pattern right u okay so if that be so okay everyone knows the first target typically is the handle and as per this technical analysis chart if I were to just double this up this is where we are and if I were to check from the cup so handle cut target has been achieved if I I want to check for cup. So from here the bottommost point till the topmost point here ideally. Let us duplicate this now. I think they should be also done and done almost done very much close to uh the highs as per the cup and handle pattern. Okay, this is for gold. Now let's check for silver. US dollar per ounce. That is what you should be checking. This is an interesting one. Uh done the analysis already. Uh which you can see right now. Uh so you can see here this is like the neckline is slanting for silver. Right? So this is like the bigger cup. This is like the handle. Uh if I were to check the first target which is the handle as per technical analysis. So this is yet to be achieved. Forget about the cup. Okay. So silver looks a little bit more strong as compared to gold. But again if you see the previous high so again a high low a high. So this is the immediate previous high and that could act as a resistance. So is it closer to the resistance? It is no second thoughts on that. Okay. So if you ask me uh gold silver both are close to uh their resistance levels. Uh so be a bit cautious on these two uh metals."

"Will US slowdown in the economy affect our market of course yes Anvi uh again and now I know you we have met at the live event. Uh but yes uh of course if US economy starts slowing down it's very simple if the mother market slows down all other markets are going to get impacted. Okay,"

"from the coming live streams because uh we can also check how USA has performed in comparison with India because till now I've been only talking about Nifty. So if you want me to talk a little bit more about US markets as well we'll include that as a small segment. So many people are just yes yes yes please yes please please yes please fantastic but yeah to from next uh Thursday we will try and also do some analysis for US markets also"