Day Trading Stocks & Futures

[saakk]

re: Day trading Nifty & Banknifty Futures

Iraq issue gave a good reason for the market to correct. Now we have to see how far this issue escalates into major problem in crude oil supply. US is keeping a close watch and in its own interest will intervene to see to it that it does not become a major problem for the entire world.

History has proved that such geo-political problems give a great opportunity to buy at lower levels ( provided the market is bullish ) as these issues subside and after few days no one will even remember Iraq problem and the trend will resume.

My view is we have to be less aggressive in shorting...and look for correction to end and then buy as around budget time we will be trading higher than where we are today.

Correction can go to 7400 max in my view....and the correction wont last for more than 2-3 days...

Smart_trade

Hello ST, Any specific reason for 7400.....

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

IT exemption limit set to be Rs 5 lakh ?

Not immediately. But it will be raised to Rs 5 L in next 2-3 yrs starting from say 2.00 Lacs.Immediate relaxation to 5 L looks very difficult.

STT if not abolished, if it is allowed as a tax credit ( like advance tax) it will help traders.

Smart_trade

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

Hello ST, Any specific reason for 7400.....

Yes because max pain level is 7500. The market may dip temporarily below 7500 but that level will be defended and market will rally couple of times from that level.And now the market does not have sufficient time before it starts pre-budget rally...so a dip below 7500 and some excesses will take it down to 7400-7450 range, in my view.

Smart_trade

 

[timepass]

re: Day trading Nifty & Banknifty Futures

Recently the Supreme Court of USA passed a ruling that there should not be any limit on individual's donations to political parties i.e. all the donations made by individuals to the political parties should not be taxed. I think that it is a great idea. At present in India there are many restrictions about it.

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

Recently the Supreme Court of USA passed a ruling that there should not be any limit on individual's donations to political parties i.e. all the donations made by individuals to the political parties should not be taxed. I think that it is a great idea. At present in India there are many restrictions about it.

but if i were the judge the rule wud be something different

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

Holland first favorite to reach the final. Spain looks bad, even worse.

13 friday effect on world champion spain

 

[praveen taneja]

re: Day trading Nifty & Banknifty Futures

Such rumors are floated before every budget. Let's see what actually happens when the budget comes in. I don't think it will be revised to 5 lakhs, but there may be some upward revision.

 

[pakatil]

re: Day trading Nifty & Banknifty Futures

13 friday effect on world champion spain

But beneficial to Holland.....:clap:

 

[Vertigo_1985]

re: Day trading Nifty & Banknifty Futures

will there be railway budget before main budget ?

 

[OMSAI]

re: Day trading Nifty & Banknifty Futures

Holland first favorite to reach the final. Spain looks bad, even worse.

DP bro................I am also soccer lover......I never miss single match....of WC......I don't think spain is worse..... actually dutch team played well.........my prediction list of semifinal ......1.Brazil.....(bcz of home ground benefit) 2.Germany 3.Spain 4.Argentina ...........:thumb: