Day Trading Stocks & Futures

[Smart_trade]

Investors after checking their Portfolio PreBudget & PostBudget

Leaving aside Bajaj twins ( which every investor knows are highly volatile) , the strong investment scrips are not even down 3-5 % yet.....and investors wont become that thin with even 10 % correction...investors are enjoying this downmove as this downmove was not unexpected and it gives a great chance to accumalate strong stocks if the investor has liquidity.....so investors are still looking like the image on left side salivating for a chance to buy great stocks cheap...

Smart_trade

 

[john302928]

Gold approaching 35K - rocking!

hmm. I see quite opposite. I feel Gold Guinea wont reach 35k for next 8-10 years. My expectation is 19814. It will take few months. Lot of undone job is still due at the lower levels. I have not yet got the sell signal but it will come sooner ( in few weeks). When it comes Gold will crash
Below is the chart of Gold Guinea.

 

[Smart_trade]

hmm. I see quite opposite. I feel Gold wont reach 35k for next 8-10 years. My expectation is 19814. It will take few months. Lot of undone job is still due at the lower levels. I have not yet got the sell signal but it will come sooner ( in few weeks). When it comes Gold will crash
Below is the chart of Gold Guinea.
View attachment 36011

Gold price today in Mumbai is Rs 35635 for 10 gms of 24 K gold.

ST

 

[john302928]

Below is the RBL bank Elliott wave analysis. It was created yesterday.

In the above chart green waves are main count while black counts are alternate. I am inclined towards green and rest of the below charts were created based on that.

Above chart is subwaves of wave c of green wave ii and subwaves are marked in red color
Below chart shows the subwaves of blue wave 1 and 2 marked in above chart

Below chart is what happened today

I am just sharing this chart for educational purpose only
Based on my analysis there are huge probability for this stock to reach new all time high in the next few weeks. This is just my view.Thanks

 

[john302928]

Gold price today in Mumbai is Rs 35635 for 10 gms of 24 K gold.

ST

I have corrected my post. Thanks

 

[siddhant4u]

IDFC First Bank, 40 ? 33?

 

[john302928]

Below is the analysis of Dr reddys and it was dont yesterday and I am sharing it here for educational purpose.

Below chart shows the subwave development of red wave a and b shown in above chart

In the above chart wave b was expected to be a triangle but alternate count was also in place in terms of black color. But I am in favour of triangle
Below is how it proceeded today

It is trying to develop trianlge. lets see. Once it is completed wave c on the upside will proceed and then it will fall as in the first chart
This is just my view.

 

[siddhant4u]

Nifty 50

 

[sridhga]

@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.

I worked on Excise during my earlier employment. I did not have Excise clients after I set up practice.

Maybe you intended to say that in the Pre-GST era Excise was taking care of some of the loopholes that I mentioned in Sales Tax. Let me explain. Excise covered smaller set of businesses. Excise was only for manufacturers. Only B2B traders with manufacturing customers would be excise registered so that they can pass down input credit. The sales threshold for registering in Excise was much higher than that of Sales tax in all the states. That made Excise assessees smaller in number than Sales tax assessees. So Excise along with Service Tax did not effectively cover most businesses.

Even manufacturers kind of worked around excise rules by having a major dealership across the road and further selling those products via those dealerships at higher prices to other parties. Excise had many limitations.

In the above food example that I shared if you were a biscuit manufacturer, you were not under excise even if you crossed the registration threshold. They had some exemption.

Papad, Namkeen, Bhujia were under Excise exemption notification since Dec 2006

 

[siddhant4u]

Below is the RBL bank Elliott wave analysis. It was created yesterday.

Based on my analysis there are huge probability for this stock to reach new all time high in the next few weeks. This is just my view.Thanks

May be it will find support at 200 EMA

please ignore rest of lines and diagrams, I like to doodle now and then.