Day Trading Futures

[jain.er]

Happy Mahavir Jayanti to all my jain and ajain biradars.....

 

[a1b1trader]

When is the Infosys result.
Is it on 15th morning at 9.00 am or some other time.

Anyone interested in 'My Observations' for Infosys.

My Observations

Infosys

Holding 3175/3165

Infosys next target will be around 3350/65
And if C & S above this level then 3540/50
(Dont know, may be in steps or may be shooooooooo like a rocket )

But, if unable to hold 3175/65 levels
Then
You will say
GOD save the k***,
Oo, sorry
GOD save the Infosys.

2850/2800 could be the levels.
And then 2600-500 may not be the end

 

[a1b1trader]

Hi Joker bhai

You asked for a correction of 200-300 (around 6600-6500 levels) points from the present levels, soon (in this expiry)

Well, if you give me a close below 6740, I may be in position to give you what you want.

Well, joke apart.
Cant say whether it will be possible or not, in this expiry.
But if NF breaks 6740/30, it can trigger a correction.
And you can get your numbers, if remains below 6740/30 NF

But once C & S above 6825/30 and then above 6865/70, we can see higher levels, provided it holds 6865.

 

[lemondew]

hi all,

Do you pay capital gains tax on your income from derivatives or do you treat it as business income and pay tax accordingly. Is it ok to treat gains from derivatives as capital gains?

 

[VJAY]

hi all,

Do you pay capital gains tax on your income from derivatives or do you treat it as business income and pay tax accordingly. Is it ok to treat gains from derivatives as capital gains?

income from derivative trading is business income.....

 

[lemondew]

In business income the tax would be slabwise 10%,20% and so on or flat 30% tax.

income from derivative trading is business income.....

 

[ajaxmk]

In business income the tax would be slabwise 10%,20% and so on or flat 30% tax.

Can anybody help me how the tax applies for a fulltime trader?

 

[Somatung]

Can anybody help me how the tax applies for a fulltime trader?

@Ajaxmk

Each country has its own law about this. As you seem to be located in the UAE, you should check over there what the law says according to this.

 

[a1b1trader]

Can I you please reproduce that it may have read but I dont remember that...

OooK
Then leave it

Else you will say, that, I manipulated the scrip, all these days, since (the day) I wrote my post

PS
Sorry, posted the reply here
As it will be an off topic/discussion in the Veeras thread.

 

[lemondew]

for more clarity am from India. 2 CAs told me 2 different things.

@Ajaxmk

Each country has its own law about this. As you seem to be located in the UAE, you should check over there what the law says according to this.