Bulls continue to rule the street. Nifty re-conquered the
11850 level. The Nifty came within kissing distance of 11900 mark. The
Sensex and Nifty have risen 1080 points and 300 points, respectively in last
four sessions. The Sensex rose 269 points to 40055, Nifty rose 97 points to 11883
in trade today. The Sensex had crossed the 40K level last on July 5 (Budget Day)
when the index hit an intraday high of 40032. The Sensex and Nifty extended gains
for the second straight session today on prospects of the government reviewing
existing structure of Long Term Capital Gains tax, Securities
Transaction Tax and Dividend Distribution Tax . The Sensex and Nifty have
risen 1,080 points and 300 points in the last four sessions. However, the
indices have seen major gains in the last two sessions amid a report that the
government was reviewing tax structures for market transactions. As
government is taking steps for revival amid slowdown in the economy, investors
expect more reforms which is pushing indices up. In its first major step to
provide fiscal stimulus to pull the economy out of economic slowdown, the
government cut corporate tax rate for domestic firms and new domestic
manufacturing companies on September 20. Corporate tax rate was brought down to
22% from 30%. For new manufacturing companies, the existing tax was reduced to
15% from rate 25%.
Showing posts with label free tips. Show all posts
Showing posts with label free tips. Show all posts
Wednesday, October 30, 2019
Saturday, October 14, 2017
NIFTY WEEKLY REPORT FOR 16 OCT TO 20 OCT 2017
"Wishing you a very Happy Diwali. May all have a super successful trading year. "
WEEKLY
RESISTANCE FOR NIFTY: 10114,10162,10188,10213
PIVOT
POINT: 10065
WEEKLY
SUPPORT FOR NIFTY: 10040,10014,9966,9917
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 10205, 10235,10256,10278
PIVOT
POINT:10176
DAILY
SUPPORT FOR NIFTY : 10154,10133,10103,10074
DAILY CHART FOR NIFTY
Sensex
opened the week at 31909, made a high of 32468, low
of 31783 and closed the week at 32411. Thus the Sensex closed the
week with a gain of 597 points. At the same time, the Nifty opened the week
at 9991, made a high of 10219 low of 9969.5 and closed the week
at 10192. Thus the Nifty closed the week with a gain of 189 points. Nifty
ended at an all-time high and the Sensex rallied to an over two-month high as
steady inflation and strong IIP numbers propped up investor sentiment. The nifty will make new
high this was predicted in our nifty weekly report last week itself. We have
also predicted that uptrend is open up to 10180 levels for Nifty where its next
resistance exists and exactly same happened. Domestic market on Friday
ended on a cheerful note ahead of the Diwali week, with Nifty future closing at
a fresh record high at 10,192, up 70 percent or 71. points.
Tuesday, September 4, 2012
INTRADAY FUTURE OPTION TIPS FOR 5 SEP 2012
BUY NIFTY FUTURE ABOVE 5310 TG 5340,5370,5400 SL 5280
BUY IDFC 130 PUT @ 4 TG 5.9,7.2 SL 2.9
RELIANCE FUTURE CALL given in last post has achieved both tgts.Keep reading for ROCKING CALLS..........
BUY IDFC 130 PUT @ 4 TG 5.9,7.2 SL 2.9
RELIANCE FUTURE CALL given in last post has achieved both tgts.Keep reading for ROCKING CALLS..........
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