Weekly forecast from 15th July to 19th July.

Summary

In this video, the speaker discusses their recovery progress and delves into the weekly forecast for Nifty and Bank Nifty, highlighting significant dates and technical analysis based on indicators like RSI divergence and Ichimoku. They emphasize the importance of the 15th of July as a major date for various markets, including NASDAQ and Bitcoin. The speaker also provides insights on specific stocks to watch and advises viewers to consult financial advisors before making decisions.

Takeaways

• 📅 The speaker is discussing the weekly forecast of Nifty and Bank Nifty as of 147 2024, indicating a specific date and time.
• 🙏 The speaker thanks the audience for their prayers and wishes for their recovery, mentioning they are about 50% recovered.
• 📈 The speaker had previously advised entering Nifty IT based on various technical indicators and market analysis on 8th of May.
• 🌟 The speaker highlights the importance of the 24th of June as a 'Mega day' for Nifty IT, noting significant market movement on this date.
• 🔮 There is an emphasis on the impact of planetary alignments, particularly the Uranus impact on 12th of July, affecting market movements.
• 📊 The speaker discusses various technical analysis tools such as Hichimoku, Pitchfork, and RSI Divergence to support their predictions.
• 🎯 Key dates for market movements are mentioned, including the 15th of July for Nifty IT, NASDAQ, and Bitcoin.
• 📉 The speaker warns about potential resistance levels in the market and advises to watch out for specific dates and price levels.
• 📌 The importance of certain numerical levels and patterns in the market is highlighted, such as the rounding pattern and Fibonacci levels.
• 🚀 The speaker suggests that Nifty is in a strong position, with potential targets around 24,400 and possibly higher, if certain support levels hold.
• ⚠️ Caution is advised for Bank Nifty, which is facing resistance and needs to break certain levels for a bullish trend to continue.

Q & A

What is the current health status of the speaker?

The speaker mentions that they are roughly 50% through their recovery, and they hope to fully recover in the next 2 to 3 days.

When did the speaker first mention entering Nifty IT?

The speaker first mentioned entering Nifty IT on May 8th, based on a combination of indicators including Ichimoku, Pitchfork, and RSI Divergence.

What significant movement did Nifty IT make on June 24th?

On June 24th, Nifty IT moved above the Ichimoku cloud, which was a significant event predicted by the speaker.

What is the importance of the date July 15th according to the speaker?

July 15th is considered a major date for Nifty IT, NASDAQ, and Bitcoin due to the Uranus impact.

What does the speaker highlight about Nifty's support and resistance levels?

The speaker highlights that Nifty took support at the Pitchfork bottom and moved towards the median line. The next major resistance levels are around 24,400 and potentially 26,000 if it holds above certain lines.

What crucial level must Bank Nifty break according to the speaker?

Bank Nifty must break the Pitchfork angle line to avoid trouble and potentially take support around July 16th, a significant date for PSU banks.

How does the speaker interpret the market using Ichimoku analysis for Bank Nifty?

The speaker mentions that Bank Nifty is currently in a C Camp, and any close above the conversion line will invalidate the C clamp, which is crucial for future movements.

What did the speaker predict about the major dates for different indices and assets?

The speaker predicted that July 12th is a major date for S&P, while July 15th is significant for NASDAQ and Bitcoin.

What numbers are crucial for Nifty Futures according to the speaker?

For Nifty Futures, the crucial number is 24,394. As long as it stays above this number, there should be no worry, with a potential 350 points move.

What stocks does the speaker recommend watching in the coming week?

The speaker recommends watching GNFC, Adani Enterprises, Adani Port, and India Cements, with a special note on PSU banks like SBI on July 16th.

Why does the speaker suggest not messaging them about their health?

The speaker requests not to be messaged about their health to avoid disturbances, acknowledging the prayers and wishes already received.

What significant event is happening tomorrow according to the speaker?

Tomorrow, a significant event is the Mars and Uranus conjunction, which might impact market movements.