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Driven by Fundamentals and Leveraging Technicals.

All post are Only For Study & Educational Purpose.consult you Financial Advisor Before Investing or taking any position.
DISCLAIMER:We r Not SEBI REGISTERED ANALYST.
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bank nifty 29600-29650 not to far.......comming ........
hedge your positions if anyone is having bnf
banknifty would be more weak compared to nifty because Reliance results today
if reliance results r good it would try to give some support or else weak
karnataka politics would also have some impact
made low of 29811.85
banknifty 29730
now I think some where Bank nifty must take support
selling shall cooll
MODI 1.0 Applied LTCG with hope to INCREASE TAX REVENUE

MODI 2.0 increased STCG and LTCG on HNI's & FPI's by INCREASING SURCHARGE

AS A RESULT THEY WILL NOT GET BOTH STCG & LTCG & ALSO LOST STT.

INCREASING TAX IDEA IS GOING AGAINST & THIS MAY NOT BE A GOOD IDEA AS OF NOW AS PER MARKET MOMENTUM

NO GROWTH
NO TRADE
NO TAX


FM Nirmala Sitharaman# - INCREASED TAX TO ALMOST 43% ON FPI

ALL AROUND WORLD MAX TAX IS AROUND 25% FOR FPI SO WHY 43% TAX THEY WLD PAY?

FPI TAKING RISK & GOVT WANT 43% TAX.MEANS ALMOST 43% PARTNERSHIP THAT TOO IN ONLY PROFITS ONLY.

EVEN IN MEET NO TALKS OF REDUCTION IN TAX
FROM LAST 2 DAYS WE ARE SEEING HEAVY SELLING IN INDIAN EQUITIES AS FPI ARE NET SELLERS.

FPI HAVE OPTION OF GOING TO ANY PART OF THE WORLD MARKETS.
THIS BURNT HAS TO BE BEAR BY INDIAN INVESTORS.

IF THIS IS THE SCENERIO THAN WE CAN SEE FUTHER SELLING PRESSURE IN MARKETS.

HOPE WE DONT TURN INTO BEAR PHASE FROM CURRENT CORRECTION PHASE.

AS ON INDEX FRONT ONLY FEW STOCKS ARE MANAGING IT.LETS WAIT & WATCH.

PLAY SAFE. HEDGE YOUR POSITION.


Disc - All views expressed are personal and for Educational and study purpose only.Consult your financial advisor before investing or taking any position based on above article.
https://wealthcreatures.com/2019/05/28/nifty-after-hitting-12041-still-its-cheap/

NIFTY BELOW 11450 MORE PAIN COMING

200 DMA PLACED AROUND 11125.STRONG SUPPORT 11100 - 11000.

STILL NIFTY PE IS MUCH HIGHER.
CURRENTLY NIFTY TRADING AT 28 PE.

ECONOMY SLOWDOWN & EARNINGS SLOWDOWN

LIQUIDITY CRUNCH

GOVERNMENT POLICIES NOT FAVOURING IN SHORT TERM
11280 SUPPORT FOR NIFTY FOR BOUNCE BACK
Bank nifty forming head and shoulder Intrady chart.

S/l could be 29170

And could be played for a Pull back
Of 100-200 points.
Nifty bnf dono Fata✈️
Bank nifty more then 100-120 points done.
One thing from today's Rollercoaster market.

When Market is in your favour

Trail s/l or book profits

Never go in loss from Profit.


Small profits are good then Large Losses
Modi 2.0

Biggest Achievement for Stock market

Current market condition is a part of
Pradhanmantri Stock Yojana (Affordable Stocks Scheme).

The aim is to bring stock prices down by 90%, so that poor people can start investing in the stock market.