Why did Chemical Stocks Rally Today? | Nifty Support Broken? | CA Rachana Ranade

"I gas USA has announced that the prices of R32 and r125 refrigerant gases would increase by up to 200% sighting Supply constraints and this development has triggered a wave of optimism across the chemical sector"

"Q3 and Q4 could be better. H2 basically, second half of FY25 could be better."

"if key levels are broken it'll be you know 400 500 points fall is what as I mentioned I can see in this whole mess there is one sector which is holding up very nicely which is the specialty chemical sector"

"so it'll be easier for you to go through this turbulent time hold on to your good fundamentally strong stocks don't be in a hurry to sell so if you're able to you know go through this turbulent weather of stock market then the flight will be much more comfortable and enjoyable so uh don't worry it's it's a turbulent time and agreed but uh aen on their way right"

"typically budget to normal sectors like defense infra it could be about even technology where technology will be used again for multiple reasons something like it could be again defense it could be for a lot of factors right data centers is again one area which government is always looking at right now I'm sure they'll talk about a lot of PLI as well in the budget"

"the key level if you want to note this down is 23,200 if you want to note this down 23,200 that is also the the target of the head and shoulder pattern so if that is broken we can see a fresh selling of another 500 points"