Bank Nifty Weekly Analysis

[ Tuesday, March 3 | 0 comments ]
Last week we gave the Chopad level of 19076 Bank Nifty achieved 3 target on downside and 3 target on upside.Lets analyze how to trade next week.

 Bank Nifty Hourly

Bank Nifty Hourly
Bank Nifty is approaching the resistance line of  hourly chart suggesting breakout/breakdown is on cards. Break of 2100 suggests bank nifty can move towards 20800/21000. Any break below 19800 can see move towards 19300/19500.

Bank Nifty Hourly  EW Daily


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Adani,Bharat Forge and Jubilant Food Darvas Box Analysis

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Adani

Adani

Any close below 699 stock is heading to 665.
Intraday Traders can use the below mentioned levels

Buy above 716 Tgt..


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FII FnO Data Analysis for 03 March

[ Monday, March 2 | 0 comments ]
FII
  • FII's bought 37.9 K contract of Index Future worth 851 cores, 46.9 K Long contract were added by FII's and 8.9 K  short contracts  were squared off by FII's. Net Open Interest increased  by 55.9 K contract.
Nifty formed another drajonfly doji candlestick suggesting dips are getting bought into. Nifty is still unable to break the hourly trendline resistance and also trading near Fib0 fan...

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Highlights of Union Budget 2015

[ Saturday, February 28 | 0 comments ]
Here are the highlights of Jaitley's Budget for the fiscal year that begins on April 1.
TAXATION
* To abolish wealth tax
* Replaces wealth tax with additional 2% surcharge on super rich
* Proposes to cut to 25 percent corporate tax over next four years
* Corporate tax of 30 percent is uncompetitive
* Net gain from tax proposals seen at Rs 150.68 billion
* Jaitley proposes modification of permanent establishment norms so that the mere presence of a fund manager in India would not constitute a permanent establishment of the offshore fund, resulting in adverse tax consequences.
* Proposes to rationalise capital gains tax regime for real estate investment trusts
* Expects to implement goods and services tax by April 2016
* To reduce custom duty on 22 items
* Proposes to increase service tax rate and education cess to 14 percent from 12.36 percent
* Plans to introduce direct tax regime that is internationally competitive on rates without exemptions
* Exemptions for individual tax payers to continue
* To enact tough penalties for tax evasion in new bill
* Tax dept to clarify indire

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Adani Port,IGL and Petronet positional analysis

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Adani Port

Adani Port
Any close above 356 stock is heading to 364/369 and 377. Any close below 343 short term target 322.
Intraday Traders can use the below mentioned levels

Buy above 350 Tgt..


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