The cash crunch gets worse

This is scary or not ?https://t.co/U8wE06K1rE

— 24 x 7 x 365 Days (@BrainandMoney) August 22, 2019

NESTLE at all time high...

ITC below 2018 low and also below crucial supports

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.9% in negative at 10919
- AD was 4:13 ... not good

- today 300+ stocks made new 52 week lows

Serious cash crunch due to an underperforming GST?

The clearest indicator that something has gone terribly wrong with the flawed #GST.

The divergence between direct & indirect taxes is “proof” with a few caveats. pic.twitter.com/G4CGf7vNjs

— SonaliRanade (@sonaliranade) August 21, 2019

..............What is driving this slowdown of the Union government: poor tax collection. The Centre’s share of taxes was 7.3% of the Indian GDP in 2013-’14. By 2018-’19 that number had dipped to 6.9%.

Like in the case of expenditure, there is also the problem of unpredictability. The estimated central government share of taxes as a percentage of GDP at the start of 2018-’19 was 7.9%. But it fell by a whole percentage point when actual taxes were counted up at the end of the financial year. This gap between estimates and actuals was the highest ever in India’s tax history and sent alarm bells ringing in the Union government.

The largest ever gap between estimates and actuals points to a fairly disconcerting state of affairs. How did things come to such a pass?

Read complete article at https://scroll.in/article/934066/in-charts-the-modi-government-is-facing-a-serious-cash-crunch-thanks-to-gst

Social Media Accounts Should be Aadhaar-Linked in 'National Interest': Govt's Top Law Officer Tells SC

My notes:
- government view is you are guilty till proven innocent
- government wants to play nanny to you because you don't know what is good for you
- expect a huge drop in number of trollers
- expect a rise in fake news linked to fraudulently obtained Aadhaar numbers.

- will whatsapp, twitter quit India?



Read more at https://www.news18.com/news/india/govts-top-law-officer-tells-sc-social-media-accounts-should-be-linked-with-aadhaar-in-national-interest-2277055.html

On being a hero

Mad respect for Cathay Pacific CEO Rupert Hogg. pic.twitter.com/h2eUvi9BVv

— Ray[REDACTED] (@RayRedacted) August 20, 2019

Drop in demand may force Parle to lay off up to 10,000 employees

Read more at https://economictimes.indiatimes.com/jobs/drop-in-demand-may-force-parle-to-lay-off-up-to-10000-employees/articleshow/70763132.cms

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.3% in negative at 11017
- AD was 1:2

- this month, nifty is trading between 10800 and 11200
- but actual net move on closing basis shows no progress
- net move so far is less than 1%

Indian jugaad at its best

HeroHonda #Japan will hire this engineer pic.twitter.com/gwml4KPzfg

— 24 x 7 x 365 Days (@BrainandMoney) August 20, 2019

Beautiful example of survivorship bias

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed flat at 11054
- AD was 5:4

- master candle formed on 13-AUG
- high low is 11145 - 10900

FM please wake up - Auto industry may shed 500k jobs next quarter

Read more at https://economictimes.indiatimes.com/industry/auto/auto-news/auto-industry-may-shed-500k-jobs-next-quarter/articleshow/70709114.cms

BANK NIFTY technicals

- trend has turned up
- support 27500
- above 28500, rally possible to 30000

NIFTY weekly charts

- trend is down
- signs of buying coming around 11000 levels
- rally possible to 11500

- nifty PE ratio 27.3

All talk no action in FM and let the economy be damned

Yesterday I was confused by some news report.
Now I am clear.
They are just, "talking"https://t.co/nZI9wFlxIH

— P R Sundar (@PRSundar64) August 16, 2019

I'm confused.

Last one week ET has been saying something or other about stimulus from PM and FM.

Now government wants to take inputs from all PSB branches across the country on how to achieve $5 trillion economy.

Is this how these things are done?https://t.co/g8BiXzoVK7

— D.Muthukrishnan (@dmuthuk) August 16, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed marginally in positive at 11048
- AD was flat

- support is slowly shifting up from 10800 to 10900
- above 11200, rally of 200-300 points possible

Next GDP to include "monetary value of cooking at home"?

Careful there. Before you know it, the next GDP estimate will show that Indian grew at 30%, because the "monetary value of cooking at home" will be added. It will be spun as we are correcting a historical gender injustice etc. etc and even skeptics will be forced to accept it. https://t.co/Ta3gzdU0p4

— V. Anand | வெ. ஆனந்த் (@iam_anandv) August 16, 2019

Make sure you hire the right people for the job

Where the mind is without fear... still relevant today - Happy Independence Day