Archive for March, 2017

31
Mar
17

HAPPY NAVRATRIS : JAI MAA DURGA

JAI MAA CHINTPURNI.  WISH ALL HAPPY NAVRATRAS

Nifty trading in range 9025 – 9217(9265). is we are close to the break out either side or time will spend more moves within mentioned price range.

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14
Mar
17

AS mentioned : 8511 will work as trend decider, worked very well

Nifty managed to hit 9073. All Gods grace. In budget, Finance Minister managed to drive carefully in a lane without letting any news make a scrach on his wagon. Congratulations Mr. Finance Minister for presenting Vanila but online budget.  
these levels worked well after budget, now after a major event new levels will be
trend decider: 9191 support 9073 – 9025 – 8930 – 8884 resistance 9217- 9265 – 9361
till next major event due on 14-15 March (FED MEETING)
rkarora

January 24, 2017 at 6:02 am

https://rkarora.wordpress.com/2016/03/14/nifty-hit-its-3rd-resistance-also-all-gods-grace/ last year pre-budget commentary.

This year its not important what Fiscal Deficit will be. total focus will be on how much Government is ready to spend to revive economy and economic activities. if will be more subsidies or wave off of loans etc will dent in sentiments. on the other hand, if expenditure are announce in infrastructure on big tickets like bullet train/ Dams etc. and on the other hand roads in rural areas, more ware housing facilities, initiative on alternate energy plants, more educational institutes (schools, colleges, IIM, IIT etc.), more push to provide cheaper loans and knowledge part to start-ups, standing strongly to MIP, custom duties to boast domestic manufacturing industry. when interest rates are on downward trend, different ways to attract foreign investments. Fiscal deficit is maintained to last year level 3.8 can also sound good if expenditure on infrastructure are huge. Corporate tax, as promised last year to reduced in phased manner is also to watch closely. Long term tax on equity should not be touched as Government is making good amount on STT & CTT. Push should be to promote investor to invest in good amount to stocks for longer term through ULIP (Insurance & Mutual Funds). Government need to give signal to business community that they are not against Rich. Outcome of election results of 5 states also key driver after the budget. Means we will witness good amount of volatility in at least first 3 months.

8511 IS TREND DECIDER SUPPORTS ARE 8330 – 8282 – 7920 – 7646 – 7452 RESISTANCE ARE 8646 – 8990 – 9073 – 9265




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