2 Hydrogen Stock on Radar
Good Bussiness
EKC @ 75 - 82
PRECAM @ 85 - 95
Both Good to Add at cmp & on Dips on 10% to 20% in SIP as markets are volatile
Can be 2x/3×/5× in next 2.5 - 3 - 4 years and possible 10× also in coming years
Disclaimer- All views expressed are personal and only for educational and study purpose only. Consult your financial advisor before investing or taking any position based on above article.
Good Bussiness
EKC @ 75 - 82
PRECAM @ 85 - 95
Both Good to Add at cmp & on Dips on 10% to 20% in SIP as markets are volatile
Can be 2x/3×/5× in next 2.5 - 3 - 4 years and possible 10× also in coming years
Disclaimer- All views expressed are personal and only for educational and study purpose only. Consult your financial advisor before investing or taking any position based on above article.
Wealthcreatures.com
NIFTY REACHING ATH 18521 AND ALSO OUR FAIR VALUE KEEP BOOKING PROFITS AS PER RISK MARKETS NATURE Full Teji se Full Mandi & Vice Versa..... We are concentrating on Stock Specific Action where Q2 numbers are good and commentry is good would OUTPERFORM…
JUST AN OBSERVATION
Nifty
Nifty Midcap
& Nifty Smallcap Index
All 3 Index made ATH on 19th October 2021.
After that Slowdown started in broader Markets and which Reflected in Economy also very soon.
Its almost 17 Months now and Midcaps & Smallaps Not able to sustain nor near ATH AND individual stocks seeing Bloodbath
Smallcap index down by 20% to 22% almost
Nifty Midcap down by 10% & Nifty too down by 10%.
Rate hikes, Inflation, slow down & multiple pressure on companies.
Growth of economy only happens when all 3 index make All Time High. ( Nifty, Nifty Midcap & Nifty SmallCap).
Smallcaps Cracking big time while Nifty isnt capturing it. High chances of it going to 8000 to make a double bottom.Lets c
Even Midcap Index can make bottom around 25000 - 26000 zone let's C
In coming Days there can be panic dips to shake of Weak hands and retails from markets.From history one can easily see The stock where Retail participant is highest would Crack the Most
Accmulation should start in good stocks where numbers can be great in 2024 - 2025
The Best Time to buy & Accmulate when Everyone wants to exit markets
Time wise correction should continue in 2023 for few months
We feel By 2023 end we should mark a base and slowly from 2024 onwards we can see growth and 2024 mid to 2026 can be good years for many companies.
If RBI is going to change stance for Rate Hike, which we expected they should do in coming days...Than that can be the last dip in the Midcaps & smallcaps before Going thru Timewise correction phase.
Nifty
Nifty Midcap
& Nifty Smallcap Index
All 3 Index made ATH on 19th October 2021.
After that Slowdown started in broader Markets and which Reflected in Economy also very soon.
Its almost 17 Months now and Midcaps & Smallaps Not able to sustain nor near ATH AND individual stocks seeing Bloodbath
Smallcap index down by 20% to 22% almost
Nifty Midcap down by 10% & Nifty too down by 10%.
Rate hikes, Inflation, slow down & multiple pressure on companies.
Growth of economy only happens when all 3 index make All Time High. ( Nifty, Nifty Midcap & Nifty SmallCap).
Smallcaps Cracking big time while Nifty isnt capturing it. High chances of it going to 8000 to make a double bottom.Lets c
Even Midcap Index can make bottom around 25000 - 26000 zone let's C
In coming Days there can be panic dips to shake of Weak hands and retails from markets.From history one can easily see The stock where Retail participant is highest would Crack the Most
Accmulation should start in good stocks where numbers can be great in 2024 - 2025
The Best Time to buy & Accmulate when Everyone wants to exit markets
Time wise correction should continue in 2023 for few months
We feel By 2023 end we should mark a base and slowly from 2024 onwards we can see growth and 2024 mid to 2026 can be good years for many companies.
If RBI is going to change stance for Rate Hike, which we expected they should do in coming days...Than that can be the last dip in the Midcaps & smallcaps before Going thru Timewise correction phase.
New Income Tax Rules
w.e.f 1st April 2023
The Government has made some new rules which are applicable from 1st April 2023 i.e from the new financial year which are described below:
1. New Tax Regime: The New Tax Regime shall be treated as Default Regime. The taxpayers shall still have the option to choose from the prior regime (OLD TAX REGIME).
2. Change in Income Tax Exemption Limit: The Tax limit has been enhanced from Rs 5Lakhs to Rs 7 Lakhs which means individuals up to Rs 7 Lakh income shall be exempted and need not to make any investment to claim tax slab exemption.
3. Standard Deduction: No change in Standard Deduction of Rs 50,000 to employees in the previous Tax regime. For pensioner, such standard deduction has been extended in new tax regime.
4. Income Tax Slab: The income tax slab has been changed as under:
- 0-3 Lakhs: Nil
- 3-6 Lakhs:5%
- 6-9 Lakhs:10%
- 9-12 Lakhs:15%
- 12-15 Lakhs :20%
- Above 15 Lakhs: 30%
5. Leave Travel Allowance: The Leave encashment limit for non-government employees has been increased from Rs 3 Lakhs to Rs 25 Lakhs.
6. Taxation on Debt Mutual Funds: The Debt Mutual Gain shall be treated as Short Term Gain and will be taxed accordingly.
7. Life Insurance Policy: Where the Life Insurance Premium paid above Rs 5lakhs then such proceeds from the policy shall be taxable. But new income tax rule shall not be applicable on ULIPS.
8. Senior Citizens: Maximum Deposit Limit has been increased from Rs 15 Lakhs to Rs 30 Lakhs.
9. E-GOLD Receipt: No Tax on conversion of physical gold to e-gold receipt.
10. Tax on Lottery, Online Gaming: The Tds Limit has been removed and all receipts from Online gaming,lottery,etc shall be taxable at 30% and Tds will be deducted at the time of receiving the winning amount.
11. Gifts Received by Resident but not Ordinary Resident: Any gifts received by Resident but not ordinary resident above Rs 50,000 shall be taxable.
12. Restriction on Claim U/s 54 and 54F: Sale amount investment under section 54 and 54F has been restricted to 10 crores and any gain above this shall be taxed at 20% (with indexation benefits).
13. UPI Transaction Fee: 1.10% shall be charged on UPI Transactions above Rs 2000 for using PPI (Prepaid Payment Instruments) not for other customers.
14. Sale of Gold Jewellery: The Jewellery with 6 digit hallmark unique identification (HUID) will be sold.
15. Pan and Aadhaar Link: Pan and Aadhar linkage date has been extended to 30th June 2023.
The above said article is on the basis information gathered through various online sources, please refer the respective section, rules framed under respective revenue acts.
w.e.f 1st April 2023
The Government has made some new rules which are applicable from 1st April 2023 i.e from the new financial year which are described below:
1. New Tax Regime: The New Tax Regime shall be treated as Default Regime. The taxpayers shall still have the option to choose from the prior regime (OLD TAX REGIME).
2. Change in Income Tax Exemption Limit: The Tax limit has been enhanced from Rs 5Lakhs to Rs 7 Lakhs which means individuals up to Rs 7 Lakh income shall be exempted and need not to make any investment to claim tax slab exemption.
3. Standard Deduction: No change in Standard Deduction of Rs 50,000 to employees in the previous Tax regime. For pensioner, such standard deduction has been extended in new tax regime.
4. Income Tax Slab: The income tax slab has been changed as under:
- 0-3 Lakhs: Nil
- 3-6 Lakhs:5%
- 6-9 Lakhs:10%
- 9-12 Lakhs:15%
- 12-15 Lakhs :20%
- Above 15 Lakhs: 30%
5. Leave Travel Allowance: The Leave encashment limit for non-government employees has been increased from Rs 3 Lakhs to Rs 25 Lakhs.
6. Taxation on Debt Mutual Funds: The Debt Mutual Gain shall be treated as Short Term Gain and will be taxed accordingly.
7. Life Insurance Policy: Where the Life Insurance Premium paid above Rs 5lakhs then such proceeds from the policy shall be taxable. But new income tax rule shall not be applicable on ULIPS.
8. Senior Citizens: Maximum Deposit Limit has been increased from Rs 15 Lakhs to Rs 30 Lakhs.
9. E-GOLD Receipt: No Tax on conversion of physical gold to e-gold receipt.
10. Tax on Lottery, Online Gaming: The Tds Limit has been removed and all receipts from Online gaming,lottery,etc shall be taxable at 30% and Tds will be deducted at the time of receiving the winning amount.
11. Gifts Received by Resident but not Ordinary Resident: Any gifts received by Resident but not ordinary resident above Rs 50,000 shall be taxable.
12. Restriction on Claim U/s 54 and 54F: Sale amount investment under section 54 and 54F has been restricted to 10 crores and any gain above this shall be taxed at 20% (with indexation benefits).
13. UPI Transaction Fee: 1.10% shall be charged on UPI Transactions above Rs 2000 for using PPI (Prepaid Payment Instruments) not for other customers.
14. Sale of Gold Jewellery: The Jewellery with 6 digit hallmark unique identification (HUID) will be sold.
15. Pan and Aadhaar Link: Pan and Aadhar linkage date has been extended to 30th June 2023.
The above said article is on the basis information gathered through various online sources, please refer the respective section, rules framed under respective revenue acts.
MACRO DATA COMPARISION
OF 5 YEARS APRIL 2018 VS APRIL 2023
2018 - APRIL
Bond Yield - 7.60%
Repo Rate - 6.50%
Smallcap Index - 7950 - 8000
GDP - 7%
Max number of stocks start making new 52wk Lows
2023 - APRIL
Bond Yields - 7.30%
Repo Rate - 6.50%
Smallcap Index - 8900 - 9000
GDP - 5.50%
Most of the stocks are Trading very close to 52wk Low.
Rest people are start enough to know what can happen NEXT
OF 5 YEARS APRIL 2018 VS APRIL 2023
2018 - APRIL
Bond Yield - 7.60%
Repo Rate - 6.50%
Smallcap Index - 7950 - 8000
GDP - 7%
Max number of stocks start making new 52wk Lows
2023 - APRIL
Bond Yields - 7.30%
Repo Rate - 6.50%
Smallcap Index - 8900 - 9000
GDP - 5.50%
Most of the stocks are Trading very close to 52wk Low.
Rest people are start enough to know what can happen NEXT
ER&D Players comparison: LTTS is the Lion King!?
KPIT vs LTTS vs Tata Elxsi vs Persistent vs Cyient vs Tata Technologies.
LTTS is fully integrated Technology company like Honeywell incase if we compare..rest KPIT n Tataelexi are more auto oriented n Cyient & Persistent are like service provider tcs/Infy who try some core business..
FY24 - Fy26 Major Year expected for LTTS
Let's C
KPIT vs LTTS vs Tata Elxsi vs Persistent vs Cyient vs Tata Technologies.
LTTS is fully integrated Technology company like Honeywell incase if we compare..rest KPIT n Tataelexi are more auto oriented n Cyient & Persistent are like service provider tcs/Infy who try some core business..
FY24 - Fy26 Major Year expected for LTTS
Let's C
High chances March'23 can be seen as Bottom in next couple of Months
MARKET CYCLE :
Most of the stocks capitulation has happened since dec 2021.
How despair works is, it makes you think that capitulation is yet to come and thats what everyone thinks right now.
MARKETS MOOD :
Most people are depressed about their investments. Most people exit at bottom thinking markets are no longer Attractive to give good returns in short to medium Term.
Historically People Leaving stock markets or selling
TECHNICALLY :
First time in last 6 years Market corrected for 4 straight months.
Market corrections in time and not in percentage terms .
It is a fact that time correction is more painful than normal correction in percentage terms.
This is why Time of correction tells you the mental state of investors.
MARKET CYCLE :
Most of the stocks capitulation has happened since dec 2021.
How despair works is, it makes you think that capitulation is yet to come and thats what everyone thinks right now.
MARKETS MOOD :
Most people are depressed about their investments. Most people exit at bottom thinking markets are no longer Attractive to give good returns in short to medium Term.
Historically People Leaving stock markets or selling
TECHNICALLY :
First time in last 6 years Market corrected for 4 straight months.
Market corrections in time and not in percentage terms .
It is a fact that time correction is more painful than normal correction in percentage terms.
This is why Time of correction tells you the mental state of investors.
PROMOTORS VIEW & BUYING
Promoters have bought their undervalued stocks left and right in the month of march.
People who know the actual worth of business buying the stocks tell you all abt the future tailwind.
VALUATION :
Valuation wise market (index) is not undervalued, it is fairly valued which i think will continue for quite some time now as individual stocks are undervalued. Individual stocks will continue to do well.
Promoters have bought their undervalued stocks left and right in the month of march.
People who know the actual worth of business buying the stocks tell you all abt the future tailwind.
VALUATION :
Valuation wise market (index) is not undervalued, it is fairly valued which i think will continue for quite some time now as individual stocks are undervalued. Individual stocks will continue to do well.
Why FII turning out to be Net Buyers nowadays & Can continue slowly and Gradually in next few Qtrs also
Few Reason as observed :
🔅They know Interest rates Rise have peaked & Gradually would start falling
🔅They know Fed will also not hike interest rates which will weaken 💵 and strengthen emerging countries currency
🔅They seem to believe valuation for broader market in India is comfortable to invest.
🔅Because they know GDP of India likely to grow faster than other emerging markets.
🔅Short term fluctuations in market to be continued but TREND IS BULLISH
IN next 2 to 3 qtr many companies would start reporting better numbers
Pick your best bets & Stay invested
Few Reason as observed :
🔅They know Interest rates Rise have peaked & Gradually would start falling
🔅They know Fed will also not hike interest rates which will weaken 💵 and strengthen emerging countries currency
🔅They seem to believe valuation for broader market in India is comfortable to invest.
🔅Because they know GDP of India likely to grow faster than other emerging markets.
🔅Short term fluctuations in market to be continued but TREND IS BULLISH
IN next 2 to 3 qtr many companies would start reporting better numbers
Pick your best bets & Stay invested
Wealthcreatures.com
Diwali pick before Diwali Vikram Thermo Cmp - 56 Accmulation zone - 48 To 56 Support@ 45/41 Test Levels- 75/85/100/120/150+ Demerger already announced Value unlocking coming S/L - 37.25 on cbsl or As Per Risk
VIKRAM THERMO
FRESH 52wk HIGH
79.90
Almost 50% Upmove Done ✔️
Watchout for close above 81 for Big Move
FRESH 52wk HIGH
79.90
Almost 50% Upmove Done ✔️
Watchout for close above 81 for Big Move
Wealthcreatures.com
Jyoti Resins & Adhesive LTD Cmp - 1115 At Lower circuit Mini pidilite in making Value buying shld emerge very soon 1000 - 900 - 800 Add on all Dips Just Add in SIP Almost Debt Free company Recently capex Done Test Levels- 2x/3x/5× But need…
ISKO
BOOL MAAT JANA
Long consolidation of 950 - 1100 zone Getting ended it seems
Moving in new Range
JYOTI RESINS
Cmp - 1403
Can we see new high in next 2 Qtrs ?
BOOL MAAT JANA
Long consolidation of 950 - 1100 zone Getting ended it seems
Moving in new Range
JYOTI RESINS
Cmp - 1403
Can we see new high in next 2 Qtrs ?
Wealthcreatures.com
INFOSYS Our core portfolio pick Fresh New 52wk high 1910 💚 600 To 1910 Done
INFOSYS
CORE PORTFOLIO STOCK
Would again come in buying zone in coming Days
Expected to open Lower on Monday as per Results
If Infy opens at 8% To 10% Gap down on monday it would be its biggest drawdown since 2008 at 36%.
The time to have sleepless nights was when it was trading at 35-40x PE.
Anything close to 18 - 20 P.E is Good buy and If lucky than 15 to 18 P.E
It would Take 1 or 2 or even few qtrs to get Back on Track
But anything close to 1200 - 1150 - 1100 is good Buying Opportunity for longterm
One should look adding in SIP
We feel downside can be limited from 1100 - 1200 zone and should not to be much Bearish on It
Disc - All views expressed are personal and only for educational and study purpose. Consult your financial advisor before investing or taking any position based on above article.
CORE PORTFOLIO STOCK
Would again come in buying zone in coming Days
Expected to open Lower on Monday as per Results
If Infy opens at 8% To 10% Gap down on monday it would be its biggest drawdown since 2008 at 36%.
The time to have sleepless nights was when it was trading at 35-40x PE.
Anything close to 18 - 20 P.E is Good buy and If lucky than 15 to 18 P.E
It would Take 1 or 2 or even few qtrs to get Back on Track
But anything close to 1200 - 1150 - 1100 is good Buying Opportunity for longterm
One should look adding in SIP
We feel downside can be limited from 1100 - 1200 zone and should not to be much Bearish on It
Disc - All views expressed are personal and only for educational and study purpose. Consult your financial advisor before investing or taking any position based on above article.
Wealthcreatures.com
INFOSYS CORE PORTFOLIO STOCK Would again come in buying zone in coming Days Expected to open Lower on Monday as per Results If Infy opens at 8% To 10% Gap down on monday it would be its biggest drawdown since 2008 at 36%. The time to have sleepless…
As Expected
Infosys opens almost 14% to 15% Lower
1186
Fresh 52wk Low
Infosys opens almost 14% to 15% Lower
1186
Fresh 52wk Low
Wealthcreatures.com
EKC 20% UP DAYS HIGH - 110.90
Pehle EKC 20% chala
Today PRECAM locked in 20% UC
127.80
Today PRECAM locked in 20% UC
127.80
Wealthcreatures.com
Pehle EKC 20% chala Today PRECAM locked in 20% UC 127.80
PRECAM
Another 15% UP
148
Another 15% UP
148