Wednesday, 28 March 2012
Monday, 26 March 2012
Friday, 23 March 2012
Hindalco chart
The base is being created around 130 levels. Only if this breaks will it retrace back to the low it made towards the end of Dec 11. Else it is now near its 23.60% retracement. That is why I feel 129/130 is the bounce zone
Thursday, 22 March 2012
Coal India - Chart
Coal india is moving between its 23.60 and 50% retracement ie 320 and 350. It's 61.8% it etracement is 364 levels. When weakness sets in it will retrace to320 which is currently acting as a major support. This is for your reference only.
Friday, 16 March 2012
Union Budget 2012 - Some key highlights
Overview of the economy - GDP Growth estimated @ 6.9 in 2011-12. Slowdown in comparison to previous 2 yeas was due to slowing of industrial growth. Inflation expected to moderate further over the next few months. Current Account Deficit @ 3.6% of GDP for 2011-12 and reduced net capital inflow in 2nd and 3rd quarters has put pressure on exchange rate. India’s GDP growth in 2012-13 expected to be 7.6 per cent +/- 0.25 per cent.
Subsidies - Subsidies related to administering the Food Security Act will be provided for. All three public sector Oil Marketing Companies have launched LPG transparency portals to improve customer service and reduce leakage.
Tax reform - DTC bill will be enacted at the earlies after studying the Parlimentary standing committee report. GST network will be set up as a national information utility and to be operational by August 2012.
Disinvestment - Government to expand its approach to disinvestment by allowing a level playing field like buy backs and listing on stock exchanges. For the year 2012-13, the governement plans to raise Rs. 30,000 crores vis disinvestment and keep at least 51% ownership/managemetng control.
FDI in retail - Goverment to make efforst to arrive at a broadbased consensus in consultation with other state goverments to allow FDI in multi brand retail upto 51%
Capital Markets - Deepen reforms in capital markets including simplifying process in IPOs, allowing QFIs to access bond markets etc.
Capitalisation of Banks - Rs. 15,888 crores proposed to be provided for capitalisation. Also to create a financial holding company to raise resources.
Direct Taxes - Exemption limit for general category for individual tax payers enhanced from Rupees 180,000 to 200000. Tax relief is Rs. 2000. Upper limit of 20% tax proposed to be raised from 8 lakhs to 10 lakhs. Exemption from Capital Gains tax on sale of residential property, if it is used for subscription in equity of a manufacturing SME for purchase of new plant and machinery. STT (securities transaction tax) to be reduced by 20 per cent on cash delivery transactions.
Indirect Taxes - Servuce tax rate to be raised from 10% to 12%. Excise duty to be raised from 10% to 12%, merit rate from 5% too 6% and lower merit from 1% to 2% with a few exemptions. Excise duty on large cars to be enhanced.
These are a few highlights. Any in-accuracies in the above narration is regretted and not intentional.
Subsidies - Subsidies related to administering the Food Security Act will be provided for. All three public sector Oil Marketing Companies have launched LPG transparency portals to improve customer service and reduce leakage.
Tax reform - DTC bill will be enacted at the earlies after studying the Parlimentary standing committee report. GST network will be set up as a national information utility and to be operational by August 2012.
Disinvestment - Government to expand its approach to disinvestment by allowing a level playing field like buy backs and listing on stock exchanges. For the year 2012-13, the governement plans to raise Rs. 30,000 crores vis disinvestment and keep at least 51% ownership/managemetng control.
FDI in retail - Goverment to make efforst to arrive at a broadbased consensus in consultation with other state goverments to allow FDI in multi brand retail upto 51%
Capital Markets - Deepen reforms in capital markets including simplifying process in IPOs, allowing QFIs to access bond markets etc.
Capitalisation of Banks - Rs. 15,888 crores proposed to be provided for capitalisation. Also to create a financial holding company to raise resources.
Direct Taxes - Exemption limit for general category for individual tax payers enhanced from Rupees 180,000 to 200000. Tax relief is Rs. 2000. Upper limit of 20% tax proposed to be raised from 8 lakhs to 10 lakhs. Exemption from Capital Gains tax on sale of residential property, if it is used for subscription in equity of a manufacturing SME for purchase of new plant and machinery. STT (securities transaction tax) to be reduced by 20 per cent on cash delivery transactions.
Indirect Taxes - Servuce tax rate to be raised from 10% to 12%. Excise duty to be raised from 10% to 12%, merit rate from 5% too 6% and lower merit from 1% to 2% with a few exemptions. Excise duty on large cars to be enhanced.
These are a few highlights. Any in-accuracies in the above narration is regretted and not intentional.
Wednesday, 7 March 2012
MACD RSI NIFTY TODAY
I have circled the MACD crossover. Please note that RSI started moving then with MACD crossover, the market started coming down. Now, with RSI in oversold zone, a short term bounce is not ruled out. This is on a short term 5 min chart
Friday, 2 March 2012
Thursday, 1 March 2012
Today's figures - 1st March 2012 - Provisional
Cash - FII = -127 cr
Cash - DII = -10 cr
FII Index Fut = -352 cr
FII Stock Fut = -520 cr
FII Index Opt = + 334 cr
FII Stock Opt = -29
Total (DII + FII) = -703 cr
Rel Infra - Bollinger bands 20 day
See the price moving between the bollinger bands both on lower as well as upper
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