RELIANCE : 2123 can remain resistance, if that's taken out 2220 ll be strong n huge supply or Reversal zone
Key things to watch in budget session Today.
1.Hike or no hike in STT
2. Taxes of cigarettes and alcohol
3. Tax for super rich
4. Any Covid cess for corporates
5. Any vehicle scrappage scheme or not
6. Any reduction in personal tax
7. LTCG tax
These 7 are major things that can discomfort market...
1.Hike or no hike in STT
2. Taxes of cigarettes and alcohol
3. Tax for super rich
4. Any Covid cess for corporates
5. Any vehicle scrappage scheme or not
6. Any reduction in personal tax
7. LTCG tax
These 7 are major things that can discomfort market...
FDI in insurance hiked to 74% positive for HDFC life, SBI life and Max Life .and All r up as of now
Tomorrow Bank Nifty levels :33345 to 33460 is a Major Supply zone, we can plan for Put options.
Market Decoder
MARUTI positional Buy @7325 , SL 7210 , Target 7500, 7650++
Boom boom 7750+ positional players, Target 🎯🎯🎯