Day Trading Stocks & Futures

[AJK]

Only thing that can save tomorrow nifty big gap is US market..which should be in very deep green...Otherwise I see total carnage tomorrow so that they can blackmail FM for his last season finale episode ..

Nifty will be atmanirbhar

i think Nifty was due for a short correction and fall is not due to the package. Season is not like in the past budget session, investors would be cautious, they'd wait for minor corrections to enter for 2-3 years' multibag return i think.. this correction i think would take support at 9k-8950 levels i think. And in June-July also we may see more corrections. All these corrections are golden opportunities for investors, but it doesn't signify the nation's future i think..

The package is excellent and positive, covers almost every aspect of country's economic pillars, and more yet to come. But we need to make sure it really happens at the right places.. with the thoughtful inputs from intellectuals and positive politicians, i think nation is becoming a true democracy now... We are all in this together and we must help ourselves to survive this situation. If we are self reliant, we can survive as well as help other nations that may have negative impact across the world.. i think we need more brainstorming and conversation regrading our growth.. grateful for our leaders..

 

[siddhant4u]

Only thing that can save tomorrow nifty big gap is US market..which should be in very deep green...Otherwise I see total carnage tomorrow so that they can blackmail FM for his last season finale episode ..

Nifty will be atmanirbhar

Nifty will build suspense for the season's finale...

 

[siddhant4u]

i think Nifty was due for a short correction and fall is not due to the package. Season is not like in the past budget session, investors would be cautious, they'd wait for minor corrections to enter for 2-3 years' multibag return i think.. this correction i think would take support at 9k-8950 levels i think. And in June-July also we may see more corrections. All these corrections are golden opportunities for investors, but it doesn't signify the nation's future i think..

The package is excellent and positive, covers almost every aspect of country's economic pillars, and more yet to come. But we need to make sure it really happens at the right places.. with the thoughtful inputs from intellectuals and positive politicians, i think nation is becoming a true democracy now... We are all in this together and we must help ourselves to survive this situation. If we are self reliant, we can survive as well as help other nations that may have negative impact across the world.. i think we need more brainstorming and conversation regrading our growth.. grateful for our leaders..

I think till now govt is more focusing on supply side.. which wasn't problem even before Covid. Problem since last year is Demand side. There is no demand for products. If you comb through data on FMCG (represent macro level demand and money supply) you will know their year on year, QoQ sales and volume were going down.

Last year in sept too govt tried to solve this, and wrongly, by providing tax benefits to corporates when actual problem was low demand! Low number of Auto sales, low volume growth for FMCG etc cannot be solved by giving tax refund to corporate!!! I'm not economist but even to me its clear people are not willing to spend more.

The current package is good for MSME's, atleast resolves their banking/finance needs and give them assurity that banks will keep tap open for them. That said not all the headline numbers could/should be classes as relief or package. As most of them are loans or tax refund from govt or their own pending payments.

I hope tomorrow will be day for consumers, who are the ones actually going to lift the burden of economy.

 

[Tejas Khoday]

As part of my job I work with the global clients from US Europe. Both laws are very clear on not disclosing the data pertaining to an individual. It is called PII ( Personally Identifiable Information) As long as any part of the data which can identify and individual is not shared then it is no issue. Refer *GDPR(EU) GLB Act(US).
In india we do not have any such law .Even it was there it is only a summary or broad statistics. Even Iif my broker shared the data. What will i tell the courts. The courts will ask what part of your data has been shared and so on and so forth i hope you get the drift.

We don't and won't disclose personal data. It is against our policies and it is our moral responsibility to protect clients' Interests.

Sent from my Mi A2 using Tapatalk

 

[moneymanager1980]

great recovery from DOW ..will it sustain ?

 

[AJK]

I think till now govt is more focusing on supply side.. which wasn't problem even before Covid. Problem since last year is Demand side. There is no demand for products. If you comb through data on FMCG (represent macro level demand and money supply) you will know their year on year, QoQ sales and volume were going down.

Last year in sept too govt tried to solve this, and wrongly, by providing tax benefits to corporates when actual problem was low demand! Low number of Auto sales, low volume growth for FMCG etc cannot be solved by giving tax refund to corporate!!! I'm not economist but even to me its clear people are not willing to spend more.

The current package is good for MSME's, atleast resolves their banking/finance needs and give them assurity that banks will keep tap open for them. That said not all the headline numbers could/should be classes as relief or package. As most of them are loans or tax refund from govt or their own pending payments.

I hope tomorrow will be day for consumers, who are the ones actually going to lift the burden of economy.

regarding auto sector, i think its a segment of cycles of supply and demand, but they'd cope with all situations with innovations and technology - like cheaper EVs, people would only need to recharge their bikes from home everyday, solar e-buses, like that...

i think tax reduction/refund have their own benefits in the respective sectors, we may not know... also ensuring ease of operation of industries and business, and more native businesses creating more jobs in the country would help people make their own living, rather than waiting for cash benefits. but yet to see what's in the remaining sections of package. either way govt is inputting their best painstakingly to take care of our people and country's growth at the same time... it must be a hectic work but they're determined as evident from the PM's speech, and we should be thankful to them for that.

 

[siddhant4u]

regarding auto sector, i think its a segment of cycles of supply and demand, but they'd cope with all situations with innovations and technology - like cheaper EVs, people would only need to recharge their bikes from home everyday, solar e-buses, like that...

i think tax reduction/refund have their own benefits in the respective sectors, we may not know... also ensuring ease of operation of industries and business, and more native businesses creating more jobs in the country would help people make their own living, rather than waiting for cash benefits. but yet to see what's in the remaining sections of package. either way govt is inputting their best painstakingly to take care of our people and country's growth at the same time... it must be a hectic work but they're determined as evident from the PM's speech, and we should be thankful to them for that.

sir unemployment in India is now 24%. Before Covid it was 17% and these are official figures.

speeches need to be implemented. Nothing was done to ease the business in this country by any government. Even today you need same number of applications, forms, documents as it use to be before. I seriously hope govt does something radical now like Narsimharao did in 90s.

I come from small town, interact with people who are from business class. Many are struggling, those who are not are sure shot to get the loan from new scheme as they know bank managers and bank managers knows them. Most of these 3 lakh cr loan scheme will go towards people like them who could pay 5% commission to bankers. Govt has good intentions, but ground reality is something different.
Its just one example.

Moreover, the numbers declared by FM are absurd. For example today's announcement of home loan interest subversion scheme extended to another year. FM claimed it will benefit 2.5 lakh families. and also said that in last 3 years total 3.3 lakh families took part in scheme. so 1.1 lakh families bought home under the scheme in year when everything was going good, how come suddenly between today and 31st March 21, 2.5 lakh families will be buying houses?? rule of avg says at max it will be 1.1 lakh (actually less as first quarter is washed out already). So her number based on fictitious 2.5 lakh family houses means 70,000 Cr bank loans i.e. 28 Lakh loan for house !! This CLSS scheme has limit of house loan restriction to 12 lakh?

edit: the loan eligible for interest subsidy is 12 lakh. Rest part of loan 16 lakh will have full interest.

 

[rjshem]

I took long at 1481/82 . at that time RIL was moving up with nifty. My SL was 1470 . but when RIL fell to 1470 I did not exit and waited to turnaround as my mind was fix on that crap press conf and I thought later operators will move nifty up with the help of reliance.
and later I put SL at 1450.



View attachment 42535

Bhai think should have done the reverse hold maruti which was doing well(dint give any pull back till 1.10) atleast and exited reliance as per plan.

 

[siddhant4u]

i think tax reduction/refund have their own benefits in the respective sectors, we may not know... also ensuring ease of operation of industries and business, and more native businesses creating more jobs in the country would help people make their own living, rather than waiting for cash benefits. but yet to see what's in the remaining sections of package. either way govt is inputting their best painstakingly to take care of our people and country's growth at the same time... it must be a hectic work but they're determined as evident from the PM's speech, and we should be thankful to them for that.

completely agree on this point. Govt's job should be provide framework for companies to create jobs. Instead of creating hurdles they should facilitate opening of new industries and jobs will follow.

I give one example (all the time). Mr Modi visited Tesla giga factory during his visit to USA and invited Elon Musk to India to open factory. After few months Mr Gadkari went again. Elon Musk seemed interested (from his twitter msg). However, Indian govt put forward condition of 'local sourcing clause' as part of 'make in india' campaign. Tesla argued that his car uses high tech parts which are not readily available in India and this condition should be waived off.. Fast forward 2 years, tesla opened new giga factory in China.

 

[AJK]

sir unemployment in India is now 24%. Before Covid it was 17% and these are official figures.

speeches need to be implemented. Nothing was done to ease the business in this country by any government. Even today you need same number of applications, forms, documents as it use to be before. I seriously hope govt does something radical now like Narsimharao did in 90s.

I come from small town, interact with people who are from business class. Many are struggling, those who are not are sure shot to get the loan from new scheme as they know bank managers and bank managers knows them. Most of these 3 lakh cr loan scheme will go towards people like them who could pay 5% commission to bankers. Govt has good intentions, but ground reality is something different.
Its just one example.

Moreover, the numbers declared by FM are absurd. For example today's announcement of home loan interest subversion scheme extended to another year. FM claimed it will benefit 2.5 lakh families. and also said that in last 3 years total 3.3 lakh families took part in scheme. so 1.1 lakh families bought home under the scheme in year when everything was going good, how come suddenly between today and 31st March 21, 2.5 lakh families will be buying houses?? rule of avg says at max it will be 1.1 lakh (actually less as first quarter is washed out already). So her number based on fictitious 2.5 lakh family houses means 70,000 Cr bank loans i.e. 28 Lakh loan for house !! This CLSS scheme has limit of house loan restriction to 12 lakh?

edit: the loan eligible for interest subsidy is 12 lakh. Rest part of loan 16 lakh will have full interest.

sir i am also not an economist so i'm not aware of the exact numbers. but i think the people coming from abroad losing their jobs, they may not be going back for some time around... so rather they'd buy houses, lands and facilities for their home and business purposes. also who doesn't want to own a house. for able, renting house is a great business with increasing population and reaching of high speed internet and other needs everywhere...

regarding the loans, i think there should be a govt panel/initiative district wise to gauge the business prospect and give them credit score like stuff, and also need to make sure the new facility should not be misused like in the recent bank cases, and should reach the right hands appropriately.