2 big bull against me ?
1 small bear.
Till market is sustaining above last month's low we are bull only.
02 Aug already yesterday told market will be down
Now next date will tell one day before In premium channel.
1 small bear.
Till market is sustaining above last month's low we are bull only.
02 Aug already yesterday told market will be down
Now next date will tell one day before In premium channel.
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Levels of Conviction (L.O.C) Public Channel
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Baki Jo isko samjha woh sab samajh gaya.
We are soon starting Financial planning sessions for Premium members. We will have 1 to 1 meet in it.
Premium channel isn't just for trading
It's 360° financial planning
Trading -Investing - SIP- taxation and much more..
Premium channel isn't just for trading
It's 360° financial planning
Trading -Investing - SIP- taxation and much more..
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Will try to upload a journal till now soon. (entire July month pending)
You will get an idea of where MMWD standing
You will get an idea of where MMWD standing
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Bank nifty pe 50102 ayega toh hi buy karna else no buying in between
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See you all..
One learning -
As a equity trader and investor always keep observing your shortlisted investing stocks in downtrend
If your stock is not falling more than the broader market then your stocks are good similarly if they are falling more than indices then you need to 1st check the fundamentals then 2ndly check the technicals
And if issues try to change the stock
One learning -
As a equity trader and investor always keep observing your shortlisted investing stocks in downtrend
If your stock is not falling more than the broader market then your stocks are good similarly if they are falling more than indices then you need to 1st check the fundamentals then 2ndly check the technicals
And if issues try to change the stock
Levels Of Conviction_Premium (L.O.C)
Nifty will tumble more on Monday. If there is any news on weekends. #Price action.
News isn't necessary.
Price action itself is enough..
Price action itself is enough..
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24678 is next but today we almost did this level too.. interesting next week
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One good news for all investors out here. Soon ❤️
Stay tunned
Stay tunned
The more the market falls..
It's good to catch the investment picks in our master Portfolio 2.0
People who are sitting on cash wait for your time.
It's good to catch the investment picks in our master Portfolio 2.0
People who are sitting on cash wait for your time.
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Exclusive from Sources...
Big News for the Banking Sector
The Cabinet has approved the Banking Law Amendment Bill, 2024 today.
The Banking Law Amendment Bill, 2024 may be introduced in the ongoing session of Parliament next week.
Big News for the Banking Sector
The Cabinet has approved the Banking Law Amendment Bill, 2024 today.
The Banking Law Amendment Bill, 2024 may be introduced in the ongoing session of Parliament next week.
Forwarded from Levels Of Conviction_Premium (L.O.C)
◆ What is Banking Laws (Amendment) Bill ?
● The Banking Laws (Amendment) Bill is a key bill aimed to bring reforms in India’s banking sector. It will facilitate the privatisation of two public sector banks (PSBs) as part of an ambitious disinvestment plan. The bill is expected to lower the minimum government holding in the PSBs from 51% to 26%.
◆ About the bill :
●As per the intent of the bill, amendments will be made in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and 1980 and the Banking Regulation Act, 1949. Reportedly, the government think-tank NITI Aayog has proposed the names of Indian Overseas Bank and Central Bank of India for privatisation in the latest round.
◆ Timeline of events :
● Union Finance Minister Nirmala Sitharaman announced the privatisation of public sector banks during the presentation of Union Budget 2021-22. It was part of the government’s planned disinvestment drive to earn Rs 1.75 lakh crore. The government was expected to introduce the bill in the previous two sessions of the parliament but the plan was deferred amid countrywide protests by bank unions.
◆ Criticism of the bill :
● Bank unions across the country have, time and again, objected to the privatisation of public sector banks in India. Bank unions and critics of the bill say that it would lead to social injustice and denial of reservation to the backward classes of the society. Bank unions further say that it would be an undue advantage to the private players.
◆ India’s privatisation record :
● In the 2019-20 Budget, India’s disinvestment revenue was estimated at Rs 1.05 lakh crore but was later reduced drastically to Rs 65,000 crore. Eventually, the actual disinvestment amount was Rs 50,298.64 crore during that fiscal.
Similarly, the government projected disinvestment receipts at Rs 2.10 lakh crore in Budget 2020-21, but managed to collect under Rs 20,000 crore through disinvestment.
● The Banking Laws (Amendment) Bill is a key bill aimed to bring reforms in India’s banking sector. It will facilitate the privatisation of two public sector banks (PSBs) as part of an ambitious disinvestment plan. The bill is expected to lower the minimum government holding in the PSBs from 51% to 26%.
◆ About the bill :
●As per the intent of the bill, amendments will be made in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and 1980 and the Banking Regulation Act, 1949. Reportedly, the government think-tank NITI Aayog has proposed the names of Indian Overseas Bank and Central Bank of India for privatisation in the latest round.
◆ Timeline of events :
● Union Finance Minister Nirmala Sitharaman announced the privatisation of public sector banks during the presentation of Union Budget 2021-22. It was part of the government’s planned disinvestment drive to earn Rs 1.75 lakh crore. The government was expected to introduce the bill in the previous two sessions of the parliament but the plan was deferred amid countrywide protests by bank unions.
◆ Criticism of the bill :
● Bank unions across the country have, time and again, objected to the privatisation of public sector banks in India. Bank unions and critics of the bill say that it would lead to social injustice and denial of reservation to the backward classes of the society. Bank unions further say that it would be an undue advantage to the private players.
◆ India’s privatisation record :
● In the 2019-20 Budget, India’s disinvestment revenue was estimated at Rs 1.05 lakh crore but was later reduced drastically to Rs 65,000 crore. Eventually, the actual disinvestment amount was Rs 50,298.64 crore during that fiscal.
Similarly, the government projected disinvestment receipts at Rs 2.10 lakh crore in Budget 2020-21, but managed to collect under Rs 20,000 crore through disinvestment.
Forwarded from Levels Of Conviction_Premium (L.O.C)
Exclusive from Sources about the Banking Laws Amendment Bill 2024:
Key Provisions:
- Account holders can now designate up to 4 nominees instead of just one.
- Reporting dates will be changed to the 15th and 30th of each month instead of every second and fourth Friday.
- The new reporting dates will apply to all institutions regulated by the Reserve Bank.
- Provision to increase the limit of a director's substantial interest.
- The threshold for substantial interest will be raised from 5 lakh INR to 2 crore INR or 10% equity shares.
- Provision to extend the tenure of directors in cooperative banks to 10 years.
Key Provisions:
- Account holders can now designate up to 4 nominees instead of just one.
- Reporting dates will be changed to the 15th and 30th of each month instead of every second and fourth Friday.
- The new reporting dates will apply to all institutions regulated by the Reserve Bank.
- Provision to increase the limit of a director's substantial interest.
- The threshold for substantial interest will be raised from 5 lakh INR to 2 crore INR or 10% equity shares.
- Provision to extend the tenure of directors in cooperative banks to 10 years.
Forwarded from Levels Of Conviction_Premium (L.O.C)
This is the most important chart in the world today. ( Chart shared on friday night to my investors )
It's the chart of the Japanese Yen vs the USD.
Why is it so important?
1. For 30 years Japan has 0% interest on their currency.
2. As a result for 30 years investor borrowed YEN at no cost and invested it globally. They invested in T-Bills abroad and a basket of risk assets including the Nasdaq.
3. For the first time in many year the BOJ increased interest rates this week to 0.25%. This was almost unprecedented.
4. As a result of the increased interest rates and the signal to the market, investors are now concerned that the money they borrowed for free is no longer free and therefore they are unwinding their trades and sending the funds back to Japan.
5. The estimated quantum of this trade is over $4 Trillion.
The only question that remains is how aggresive they will be but for now YOU MUST KEEP YOUR EYES ON THIS CHART !
If it keeps strengthening risk assets are going to get murdered.
It's the chart of the Japanese Yen vs the USD.
Why is it so important?
1. For 30 years Japan has 0% interest on their currency.
2. As a result for 30 years investor borrowed YEN at no cost and invested it globally. They invested in T-Bills abroad and a basket of risk assets including the Nasdaq.
3. For the first time in many year the BOJ increased interest rates this week to 0.25%. This was almost unprecedented.
4. As a result of the increased interest rates and the signal to the market, investors are now concerned that the money they borrowed for free is no longer free and therefore they are unwinding their trades and sending the funds back to Japan.
5. The estimated quantum of this trade is over $4 Trillion.
The only question that remains is how aggresive they will be but for now YOU MUST KEEP YOUR EYES ON THIS CHART !
If it keeps strengthening risk assets are going to get murdered.
Forwarded from Levels Of Conviction_Premium (L.O.C)
Happy friendship day to all my
Traders and Investors..❤️
Traders and Investors..❤️
❤3
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Good Morning all..