Day Trading Stocks & Futures

[sridhga]

Demons main intention is to curb black money so as to reduce terror funding? This is what people were claiming by govt/bjp..

Worst part is crores of 2000 rs notes in many bjp big shoot homes whereas taxpayers are standing in que to get one single 2000 rs note.

There is much more to this story. I have some guess on how hawala is operating for payments to Chinese as well. But that is a guess. Our traders are playing a dangerous game with our security and economy. I am too tired to type the chinese payments system today. But can share my guesswork.

 

[siddhant4u]

so what you are saying is inflation should go up due to extra cost been added as taxes. Earlier if item is tax free at least dealers would pocket the money if they are not passing any cuts to end customers?

I'm all for GST, as it reduces checkpoints every where. However, Indians always find innovative ways to dodge taxes.

 

[iwillwin]

There is much more to this story. I have some guess on how hawala is operating for payments to Chinese as well. But that is a guess. Our traders are playing a dangerous game playing with the security and economy. I am too tired to type the chinese payments system today. But can share my guesswork.

Hawala person weigh money and tell amount....they don't have time to count bundles at times.... Angadiyas are major players in movement of hawala money...1 chit shown in 1 city moves 100 of crores of Rs without any face to face meeting, call, internet....

 

[sridhga]

so what you are saying is inflation should go up due to extra cost been added as taxes. Earlier if item is tax free at least dealers would pocket the money if they are not passing any cuts to end customers?

I'm all for GST, as it reduces checkpoints every where. However, Indians always find innovative ways to dodge taxes.

Paying taxes does not cause inflation. It is the other way round. Paying taxes reduces Govt. deficit and thereby reduces inflation.

 

[siddhant4u]

Paying taxes does not cause inflation. It is the other way round. Paying taxes reduces Govt. deficit and thereby reduces inflation.

what i meant is the dealer/broker now has less money as 5% is going to govt. He will have to recover his margin from somewhere?

Take example of old days, Octroi/sales tax in my hometown would mean that dealers will have godowns outside of city. Will bring 2 TVs (old CRT days.. ) in one Fridge box ! Both Fridge and TV use to cost 15K back then. but he will save 15k by transporting 2 TV in 1 Fridge box!!

Now he can't do that. He will either ask for more margin from TV manufacturer, in turn increasing tv prices Or will have to cut jobs and scale down the business!

First case, rise in inflation, second case slow down in business and jobless.

(above example was from old days, may not be applicable anymore, but you get the idea).

 

[siddhant4u]

By looks of it, this govt is not all all about cutting deficit. reduced defence and education spending means more free money direct to shoshit, pidit samaj.

 

[vikas2131]

Investors after checking their Portfolio PreBudget & PostBudget

 

[traderhardrock]

@sridhga

You said you are a practicing CA.
How long
And I assume you were practicing Sales Tax and VAT (in pre GST era) and GST now
What about Excise Duty (in pre GST era), yes or no.

 

[john302928]

Divergence against what

Think he uses RSI. Maybe that? MACD? Better he answers

Divergence of price against RSI in 5 min time frame. but sometimes I use MACD. it depends the convenience and the signals I get

as expected 11555 zone also reached. and Rsi also reached oversold zone and now only thing pending for the day is nifty to close above 11600. lets wait and see. we have got 60 1 min candles still left for the day

Nifty - It didnt close as expected due to some subwaves development in 1 min time frame. Its a way of life in market.

View attachment 35997
initial expected level reached in style with the crash. lets focus on the remaining levels on yesbank

I expected yesbank to reach the further levels expected in the previous post. It reached the initial levels and rest didnt happen because of subwave developments. But it is most likely to happen tomorrow.lets see
There is a huge probability that Yes bank is reversing today in the shorterm and might produce another 10-20% in the next few days. Initial expectation is 114. lets see how it goes
Below was that post:
Todays top gainer Yesbank might fall to 92.5 and 91.7 intraday levels. cmp 93.5. lets see.
91.1 /90.1 /89 are also on the visibility today. I am just keeping an eye to howmany levels hits today

 

[siddhant4u]

@sridhga

You said you are a practicing CA.
How long
And I assume you were practicing Sales Tax and VAT (in pre GST era) and GST now
What about Excise Duty (in pre GST era), yes or no.

Interview?