Nifty 50 IndexShort
Stocks if touched Considered Sold!
Budget comes budget goes, but not the hopes too go.
The mood is one of extreme despair, places where there is hope is for rotation and that is purely FMCG.
In very short word, buy IT or ITC.
Tax increase in Capital Gains tax though looks marginal comes at a time when there is cry for correction. The real-estate indexation is another one, markets will analyse and dissect.
Till budget is finalised there can be some hopes of tinkering these.
The big surprise is on the precious metals, that will surely push the Rupee to one more low and help the IT further.
The only thing to hope markets wont dive before tomorrow is the expiry hopes. Else, ideally markets should move where they were before the election, anything above is an excess in the first place.
The beauty is in the process the rotation has already taking place in a many place. While the Index wise not much to crib, individual spaces there is a lot.
Short is very much a stronger word, and that is the truth.
Supply anything above 24380
Intra-day stops for shorts 24550-24600-24630
Supports all the way to 24000
The mood is one of extreme despair, places where there is hope is for rotation and that is purely FMCG.
In very short word, buy IT or ITC.
Tax increase in Capital Gains tax though looks marginal comes at a time when there is cry for correction. The real-estate indexation is another one, markets will analyse and dissect.
Till budget is finalised there can be some hopes of tinkering these.
The big surprise is on the precious metals, that will surely push the Rupee to one more low and help the IT further.
The only thing to hope markets wont dive before tomorrow is the expiry hopes. Else, ideally markets should move where they were before the election, anything above is an excess in the first place.
The beauty is in the process the rotation has already taking place in a many place. While the Index wise not much to crib, individual spaces there is a lot.
Short is very much a stronger word, and that is the truth.
Supply anything above 24380
Intra-day stops for shorts 24550-24600-24630
Supports all the way to 24000
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.