Day Trading Stocks & Futures

[HEM]

What's happening...so much time to pull back..hope it's not getting ready to break down again ...

There are so much possibilities to break down again.

 

[john302928]

I am a practicing CA. I deal with taxes and people coming to me with tax planning both on the Direct and Indirect taxes. I had seen Demon wiping out several Sales Tax evading businesses and I can tell you that it is not a coincidence that it was executed near to the GST implementation time line. On the Income tax front I need not even comment. Demon flushed out several Sales Tax scams. Now GST has put all such traders in a corner. I am happy for the Nation. Demon is good for this country. If you need more details, I can certainly explain with examples of Sales Tax fraud that was happening in this country left, right and center. Previous Governments neither had a clue nor an intention to remove that menace.

Brother I am not denying anything. All I am saying is that there is a way to do it. Black money curbing could have been done nice and smooth. But brutal truth is that it was not done it in the rightway. Since you are a CA you have better knowledge than me. But all I am talking about is the process. Cheers.Thanks

 

[iwillwin]

Consumer king Bajaj finance Rajiv Bajaj seeing slow down in consumer demand/spending....

ST da that typo for Bajaj finance or actually we will get those levels

 

[john302928]

if youare talking about ST 3200 zone then yes we will and we are heading in that direction only. Initially I was expecting 3700+ level before reaching 3200. my expectation is completed and all paths are cleared for it to go towards 3200 levels

ST da that typo for Bajaj finance or actually we will get those levels

 

[mohan.sic]

There are so much possibilities to break down again.

Yeah I too had same feeling and exited longs....

 

[iwillwin]

if youare talking about ST 3200 zone then yes we will and we are heading in that direction only. Initially I was expecting 3700+ level before reaching 3200. my expectation is completed and all paths are cleared for it to go towards 3200 levels

I doubt it will stop at 3200...expecting 2600 on baj finance if earnings don't match the valuation it is currently having

 

[Raj232]

If you need more details, I can certainly explain with examples of Sales Tax fraud that was happening in this country left, right and center.

Please give some example, it would be great.. ! thanks in advance !

 

[iwillwin]

Market factor everything in advance.... probably they are discounting bad earnings and bad monsoon....

 

[Raj232]

Yeah I too had same feeling and exited longs....

Breakdown is overdone.. I have a feeling now it will be flat and then move up..

 

[john302928]

I dont know if i can say by closing but all i can say is that it might progress like below.Cheers mate
View attachment 35994

i have almost come to a conclusion that nifty might close above 11600 but for that to happen 1 min rsi needs to go to oversld zone below 28. currently it is in neutral zone of 45. if this happens that will happen