281026 @10,30 by Prakash Gaba

Prakash Gaba • 4 days ago

Original source

What This Video Is About

Prakash Gawa shares his personal views on the market, emphasizing that they are not buy or sell recommendations. He discusses the current market analysis, focusing on the weakness in the Sensex and Nifty charts.

Major Ideas Discussed

  • The Sensex is currently down by 900 points and is weak, with a potential breach of the recent low of around 73,500.
  • The Nifty chart is also weak, trading at 12,022, and any upmove is not believable until it crosses today's high.
  • The Bank Nifty chart is trading at 54,890, with a potential support at the round figure of 54,000, but overall, both the Nifty and Bank Nifty are weak.
  • Prakash advises staying out of the market due to the potential downside stretch and the lack of strength in the charts.
  • He emphasizes the importance of trading what you see, not what you forecast.

What to Watch Next

Prakash does not specify any particular developments or themes to watch, but his analysis suggests that the market's weakness and potential downside stretch are key factors to monitor.