Nifty levels worked as a rock

#nifty50 worked again this weekhttps://t.co/ZvomBwMJBm pic.twitter.com/6p9nUlwzcS

— RK Arora (@JMCADVISORS) January 6, 2022

Nifty moved to the final target from the trend decider without a stop. Trend decider 17373-17386 and low formed 17383.

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Nifty 50 April dates worked like a rock

https://rkarora.wordpress.com/2021/03/25/one-more-successful-week-nifty-axis-bajajfinance/#comment-6288 April 12 triggered a jerk in the morning session. All the 4 dates of April ’21 have worked like a rock.

Nifty 50 chart of April 2021

Today is Gann Date

#Levels for #wednesdaymorning of #Indian #Stocks listed at #NSE #BSE #Nifty #Nifty50 #AxisBank #icicibank #hdfcbank #Drreddy #tcs #infosys pic.twitter.com/CLDwluw7ps

— JMC FINANCE – Best Stock Market Courses (@JmcStock) July 22, 2020

It’s just an information – like its Wednesday today or it’s independence day on August 15. That way it’s Gann date. Simple.

1000 + points in 2 days #Nifty #Nifty50 #Niftyfuture

Nifty managed to fall from R1 to S2 and from there back to trend decider. Today opened at S2 9544 and recovered back to near trend decider of app. 10000. Never get biased its up or the down. Play with levels only. Levels are the God. Although its easy to say that I believe in God but trusting and having deep faith is very very difficult.

Nifty – Bank Nifty levels for the month of January 2020

On Dec 24 it was published “December 24, 2019 at 5:38 am

12331 is #squared number stop is 12385 / Dec 20th 2019.

Dec. 20^th #Nifty spot made 12293.9; from that level Nifty dropped by 180 points to 12118; Nifty made high again on 30^th December but high of Dec. 20 could not be breached. On #January 2^nd Nifty made #high of 12289.9 but could not take the high of #December 20^th 2019. Nifty is forming fountain pattern for last few days, finding direction for next move. Moreover till date squared number of 12331 is still intact.

December 24, 2019 at 7:16 am

For #BankNifty Dec. 23rd 2019 is important squared day

Price of #Bank Nifty closed highest on Dec. 23^rd 2019 although made highest high on Dec. 30^th but closed lower than the closing of Dec. 23^rd and Bank Nifty corrected by 500 points from the high of Dec. 23^rd. On 30^th level given were 32500 as trend decider for Bank Nifty, which yield gain of 400-500 points.   

December 30, 2019 at 5:09 am

#BankNifty trend decider 32500 spot plus minus 80 points

This year in 2020, #January 31, #June 18 and #November 9 are important dates

Now for January 2020 Trend decider for Nifty spot is 12273

Support levels are 12098 – 11921 – 11812 -11636

Resistance levels are 12364 – 12560 – 13022

Bank Nifty Trend decider is 32123

Supports 31305 – 30924 – 30306 – 28690 – 28350

Resistances 32538 – 32923 – 33540 – 35157  

Disclaimer: All levels given are based on mathematical formula only. No advise or recommendation for buying or selling. All levels are for guidance or reference only.

#Nifty View for next week

Nifty closed at almost highest high of the day on Friday. Nifty made high of 11684.70 (3rd resistance mentioned in advance 11686). Now Nifty may face resistance near to 2 mentioned levels 11710 and 11768. July 17, 2019 and again on September 19, 2019 Nifty price tested the price of 11711 or near to it. Its third attempt, which may attract selling at mentioned level or it shall work as make or break point (MOB). Resistance 3 (11686) is now trend decider for the week or next 2 weeks. Can we expect a big move in next 2 months. Can Nifty travel 1000 to 1500 points from here?

#Nifty Levels for the month of August 2019

Nifty trend decider for August 2019 : 11179.42

Resistance Levels 11367 – 11736 – 11970 – 12348

Support Levels 10993 – 10759 – 10384 – 9893

Indian Union Budget 2019

Indian Union budget 2019 is just 2 days away and will be presented by honorable finance minister Nirmala Sitharaman. What all the points you should look into coming budget announcements.

1. First thing first – Corporate Tax: I am advocating lower tax for Indian entrepreneurs. Our ex-finance minister promised to cut corporate tax in phased manner. If we see any development in this long awaited issue, will be welcomed by the market in a big bang. If we can change our view from short term to longer view (sacrificing some tax in current financial year and inviting more and more companies to set-up their businesses in low tax regime). If initiated with lower corporate tax rate in coming budget will yield reward in years to come. Our dream of 10% GDP growth will be reality.
2. Infrastructure Expenditure:
3. Roads and bridges: 5 years allocation should not be less than 6 Lac crores and more advisable is 8 Lac crores. Or what our honorable Road and Transport Minister can raise fund by issuing Infrastructure bonds to push the infrastructural activities. I attended one meeting of NSE, where he promised to come out with 7.5 to 8% Infrastructure Bond. He claimed that ministry will be able to pay interest from the collection of road tax and toll charged at different highways. This may be win-win condition. Investors, Ministry and Country will be at benefit. Why it is required? Not only to push the growth but create employment. Country cant be happy until and unless larger employments can be created.
4. Linking rivers is need of the time.
5. New modes of transport like ferry, vessels, ships, Cargos to transportation not only passengers but heavy goods etc. This can be an opportunity as 3/4^th boundaries of India is surrounded by ocean.  For what we waiting for?
6. Smart Cities?

100 Smart cities – affordable housing, roof top solar panels, transportation, energy supply,   solid waste management, smart roads and smart water. What I suggest is go for metro train in all 100 cities project in one go this year and see the change. As Japan has funded project of Delhi Metro may not hesitate in other cities at very low interest rates. Around 5151 projects are been selected under the theme of Smart Cities. Government must allocate more than 10k crores.

1. Many economists are advocating to push the growth let fiscal deficit can rise from 3.4 to 3.8% even. I am not in this favor. If we need to attract foreign money then fiscal discipline is very important. In no case it should cross the border of 3.5%. How to fund increased expenditure. This year Government can initiate sale of 5G spectrum. 6 Lac crores add on. RBI may transfer 3 Lac crores dividend. Government must show the guts to sell PSUs in tune of RS. 15 Lac crores. India must push the growth by maintaining fiscal discipline. Government can look for many more avenues of revenues.
2. There are many large companies having large surpluses.Government can initiate 40:60 partnerships with them. Government can provide land for hospitals, institutes; manufacturing units and private players can bring in money and expertise. Private players must have 60% share. Apollo Hospital (Inderprastha Hospital) at Jasola, New Delhi is an example of great success. 60% of private players or 70% to private players is the keyword.   Maruti, TCS, WIPRO, INFOSYS, COLGATE, MRF etc. There is long list with huge funds. That will be proved as a win-win proposal. Time will tell if and only if point # 5 can be played, Indian growth rate will be in double digit in times to come.

In last all the good wishes and best of luck to Finance Minister for her first budget. I have complete faith in the team of Madam.  Finger cross, July 5^th will be trigger point.  Nifty 11995 is to watch.

Nifty view for June 17 – 21 proved to be perfect calculation of levels

#Nifty Selling levels 11858-11875 and #Nifty Buying levels 11600-11671 proved to be the best,

#Nifty zoomed in 2nd half

As mentioned today bulls will trigger after 1 pm. It hold good. All God’s grace