August 25, 2019
Salary is nothing but a subscription amount
+💯 My employer unsubscribed me at the age of 54 due to financial mismanagement and resulting insolvency. Fortunately, my savings, simple lifestyle and being debt free helped me survive without further subscription and remain financially independent. https://t.co/nqYbdGAhcu— Raj Menon (@rajwiladi) August 24, 2019
NIFTY weekly charts
- trend is down
- weekly close below 11000
- Friday's bar had very strong buying
- resistance 11200
- deep support 10000
- weekly close below 11000
- Friday's bar had very strong buying
- resistance 11200
- deep support 10000
August 24, 2019
2 new words....
Two words which are used so much now a days, but have not heard during Congress period.— P R Sundar (@PRSundar64) August 24, 2019
1. Bakht.
2. Anti National.
😀😀😀
US markets S&P 500
- yesterday US markets closed 2.6% in negative
- but the index is trading in a range
- now the fall has brought the index to lower end of range
- this level should now offer support
- but the index is trading in a range
- now the fall has brought the index to lower end of range
- this level should now offer support
August 23, 2019
Short covering - futures OI analysis
ADANIPOWER - AMARAJABAT - ARVIND - ASHOKLEY - BANKINDIA - BEL - BIOCON - BPCL - CANBK - CENTURYTEX - CHOLAFIN - COALINDIA - ENGINERSIN - ESCORTS - GAIL - GLENMARK - GMRINFRA - GRASIM - HDFC - HINDALCO - IDEA - IDFCFIRSTB - INDIGO - IOC - JINDALSTEL - JSWSTEEL - LICHSGFIN - MANAPPURAM - MCDOWELL_N - MCX - MFSL - MGL - MUTHOOTFIN - NBCC - NCC - OIL - PAGEIND - PEL - PNB - PVR - RAMCOCEM - RBLBANK - RELIANCE - RELINFRA - SAIL - SUNPHARMA - TATAELXSI - TATAGLOBAL - TATAMOTORS - TATAPOWER - TATASTEEL - TITAN - UBL - UNIONBANK - UPL - VEDL - ZEEL
Finally the FM blinks
Aug 23, 05:38 PM (IST)
It has been decided that enchanced surcharge levied on long term and short term capital gains on equities goes, said FM Sitharman.
Aug 23, 5:45 PM (IST)
Banks have agreed to pass on all Repo Rate cuts into their MCLR, said FM Sitharaman.
Aug 23, 5:44 PM (IST)
An additional capital of Rs 70,000 crore has been sanctioned for banks, which will enable loans worth Rs 5 lakh crore, said FM Sitharaman.
Aug 23, 05:42 PM (IST)
Section 56 2(b) Of I-T Act not to be applicable for startups registered with DPTIT, said FM Sitharaman.
Aug 23, 05:41 PM (IST)
The surcharge on FPIs and domestic investors goes, says Finance Minister
Aug 23, 05:37 PM (IST)
All assessments will be cleared in three months, said FM Sitharaman.
Aug 23, 05:36 PM (IST)
Issue of I-T orders, summons and letters etc shall now go through a centralised system from October 1, said FM Sitharaman.
Read more at https://www.moneycontrol.com/news/business/fm-nirmala-sitharaman-press-conference-live-updates-finance-minister-expected-to-address-fpi-surcharge-issue-4366441.html
It has been decided that enchanced surcharge levied on long term and short term capital gains on equities goes, said FM Sitharman.
Aug 23, 5:45 PM (IST)
Banks have agreed to pass on all Repo Rate cuts into their MCLR, said FM Sitharaman.
Aug 23, 5:44 PM (IST)
An additional capital of Rs 70,000 crore has been sanctioned for banks, which will enable loans worth Rs 5 lakh crore, said FM Sitharaman.
Aug 23, 05:42 PM (IST)
Section 56 2(b) Of I-T Act not to be applicable for startups registered with DPTIT, said FM Sitharaman.
Aug 23, 05:41 PM (IST)
The surcharge on FPIs and domestic investors goes, says Finance Minister
Aug 23, 05:37 PM (IST)
All assessments will be cleared in three months, said FM Sitharaman.
Aug 23, 05:36 PM (IST)
Issue of I-T orders, summons and letters etc shall now go through a centralised system from October 1, said FM Sitharaman.
Read more at https://www.moneycontrol.com/news/business/fm-nirmala-sitharaman-press-conference-live-updates-finance-minister-expected-to-address-fpi-surcharge-issue-4366441.html
Market outlook
Daily charts:- trend is down on daily charts
- today markets closed 0.9% in positive at 10830
- AD was 5:4
- a bullish piercing pattern was formed
- let us see what happens on Monday
- support area 10600
- swing high/ resistance 11200
- today 500+ stocks made new 52 week lows
Unprecedented financial sector crisis in 70 years, says NITI Aayog
Government think tank NITI Aayog on Thursday described the current stress in the financial sector as “unprecedented in the last 70 years”, saying nobody is trusting anyone else in the sector. It made a case for extraordinary steps to deal with the crisis that has resulted in an economic slowdown.
NITI Aayog Vice-Chairman Rajiv Kumar also said there was no business of the government to hold back payments to companies.
“Nobody is trusting anybody else... within the private sector nobody is ready to lend, everyone is sitting on cash... you may have to take steps that are extraordinary,” Kumar said.
Read more at https://www.business-standard.com/article/economy-policy/unprecedented-financial-sector-crisis-in-70-years-says-niti-aayog-119082300053_1.html
NITI Aayog Vice-Chairman Rajiv Kumar also said there was no business of the government to hold back payments to companies.
“Nobody is trusting anybody else... within the private sector nobody is ready to lend, everyone is sitting on cash... you may have to take steps that are extraordinary,” Kumar said.
Read more at https://www.business-standard.com/article/economy-policy/unprecedented-financial-sector-crisis-in-70-years-says-niti-aayog-119082300053_1.html
3 biggest achievements of BJP
3 biggest achievements of BJP.— P R Sundar (@PRSundar64) August 22, 2019
1. Triple talaq abolished.
2. Article 370 abolished.
3. Stock market abolished.
😜😜😜
August 22, 2019
Market outlook + multiple timeframe charts
Daily charts:
- trend has turned down today
- there was a strong hint yesterday when nifty closed below 11000 the 2nd time
- last trend change was up on 8-AUG (11032)
- trollers: net loss is 300 points or less than 3% [.03% of capital if you do risk mgmt]
- today nifty closed below 10800... recent swing low
- close was at 10738 down 1.7%
- AD was 1:7
- next support 10600 and then 10000
- resistance/ swing high 11200
- today 490 stocks closed at 52 week low
- small caps index lost 3%... real blood bath here
- trend has turned down today
- there was a strong hint yesterday when nifty closed below 11000 the 2nd time
- last trend change was up on 8-AUG (11032)
- trollers: net loss is 300 points or less than 3% [.03% of capital if you do risk mgmt]
- today nifty closed below 10800... recent swing low
- close was at 10738 down 1.7%
- AD was 1:7
- next support 10600 and then 10000
- resistance/ swing high 11200
- today 490 stocks closed at 52 week low
- small caps index lost 3%... real blood bath here
The cash crunch gets worse
This is scary or not ?https://t.co/U8wE06K1rE— 24 x 7 x 365 Days (@BrainandMoney) August 22, 2019
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