Mukesh Ambani replaces Gautam Adani to become India’s richest man
– MarketCap of Reliance today is ₹ 1,880,212 Cr. As of June 3rd – Reliance jumped up by 2% + today formed the high of 2817.
Interestingly it was mentioned that May 26th, 2022 that Reliance may work as a good mover. What was written in the following comment
May 26 and equity markets /
“All the financial people, investors, and traders will remember this date – May 26, 2022 (+/- a month), This correction may be over in some time in India equity markets and equity markets may march for a new high.
Very important date – for equity markets, financial markets, and commodity markets”.
Nifty 50 moved up by 800 points from the low of May 26th. The half-yearly levels of Nifty are working very well posted on the Twitter account in the month of January 2022. By now the first resistance and the first support worked as a rock. Yearly Trading Levels for 2022
What‘s going to happen in the month of April-May 2023? Watch Gold-Silver (bullions) and equity markets for a large swing in that period.
For the month of June 2022, 6 resistance and 6 support levels are presented in the following video with the trend decider of the month.
Monthly Trading Levels for the month of June 2022
I said in an interview “Boldly I want to quote that it is the time to search for the innovated ideas to handle high inflation without hitting the growth rate. There can be many ways.”
1. PLI – Production Linked Incentive – Increase supply side. The Indian government set an example. All the countries need to learn from the initiative of the Indian government.
2. Food Surplus – The US government always used to have a large surplus of food items.
3. Cheaper imports – This is a tried and tested formula
4. Restrict exports of food or raw material impacting inflation.
5. Increasing interest rates is the last option, which can be used to.
Please share your ideas to help the biggest problem of transportation and inflation. Need to understand the cost of logistics between the countries. How the cost increased multifold in such a short period and how it can be settled. Is the Russia-Ukraine impacting the cost of agriculture items and crude oil? Who is the real leader in the world today who can initiate to stop the war between Russia and Ukraine? It is the responsibility of world leaders to find the solution to this crisis at any cost. This war needs to stop at any cost and most of the sanctions imposed by top leaders and countries against each other need to withdraw as soon as possible.
Increasing interest rates is the last option but all the economists understand and adopt this solution only. Let’s come together and find out the way out to save the equity markets and the economy.