Market Analysis | Price Action 25 - OCT
POWER OF STOCKS • 7 days ago
What This Video Is About
The video discusses the current market trend, which looks negative, and analyzes various instruments such as gold, Bitcoin, oil, NASDAQ, and Nifty. The analyst, Subhash, provides his plans and predictions for each instrument.
Major Ideas Discussed
- Gold is expected to go further downwards, with a strong plan to sell below 3990 and a potential reversal in November.
- Bitcoin is confusing, but the analyst will not touch it unless it crosses 81,500 to 82,000, with a potential target of 2000 points.
- Oil is expected to go up to 110-115, with the analyst holding positions around 96.
- NASDAQ shows a clear negative sign, with the next week being very important, and a potential sell until 28 or even lower.
- Nifty is expected to open flat, move up by 30-40 points, and then see selling, with the market building a base and potentially making a new low.
What to Watch Next
The analyst emphasizes the importance of watching the market's performance next week, sticking to one's analysis, and taking care of money management and risk-reward.