Is the Worst Behind Us? | CA Rachana Ranade

"this is kind of an island reversal pattern ... the name itself says it's a reversal. ... This is showing some strength but you know just because it is showing some strength can we directly say that this is market bottom it's too early to say that very early is this an early sign of reversal yes can I say some signs of reversal are seen yes but I'll be much more convinced when markets close above 23,800 try to move higher give a retest and post that when they start moving up I I'll be way more convinced that yes the bottom has been formed"

"maximum people have written calls acha by the way which is a big support 23,000 of course number one a psychological support and look at the massive puts being written here 1 lakh 21,519 amazing support at 23,000 uh and I don't think that it'll be easily taken out as per at least the option chain analysis ... 23,000 is what you can see here as a very good support based on option chain. But even if you remember 22,800 ... this range of 22,800 23,000 that seems to be a rock solid support right now."

"If you know about dollar index, we have talked about this so many times. DXY dollar index that has cooled off. It was at almost 110 levels somewhere in the month of January and it has cooled off to almost 103 levels. So again a very good sign for us."

"German lawmakers have passed a major spending package on Tuesday. ... And they have said that whatever restrictions we had, we are unlocking those restrictions. And it is said that there are great chances that Germany may increase their defense spending and India can also get a good benefit because of this increased defense spending by Germany."

"And yesterday selling was also very less. So FI seem to be slowing down in selling. Okay. Uh this is a good sign for us."

"I'm going to hold all my SGBs till expiry."