Saturday, December 31, 2016

Weekly Review - 02nd Monday, 2017

Dear All,

Wish you All a Very Happy & Profitable New Year 2017.


Whatsapp at 9677924975 - Yearly Offer - Only till 05th Jan, 2017.

>>> Key Announcement on New Year Speech by Modi <<<


Prime Minister Narendra Modi on Saturday announced several measures for senior citizens, farmers, pregnant women, the MSME sector and home buyers. In his address to the nation on the New Year's Eve, Modi thanked people for enduring the ‘pain’ caused after the government's November 8 decision to demonetise Rs 500 and Rs 1,000 currency notes. The Reserve Bank of India (RBI) had on Friday increased the daily withdrawal limit from ATMs to Rs 4,500 from Rs 2,500 per card per day. This will be effective from January 1, 2017. The weekly withdrawal limit (Rs 24,000), however, remains unchanged. RBI said disbursals would be mostly in Rs 500 notes.

Here are 10 important takeaways from Prime Minister Narendra Modi's address to the nation on the New Year's Eve:

1. The government will bear 60 days' interest on select farm loans.
 
2. In 2017, the government is bringing new housing schemes. a) On home loans of up to Rs 9 lakh, for poor and middle class people will get 4% exemption on interest; b) on loans of up to Rs 12 lakh, the exemption will be 3%
 
3. PM announced schemes for women: Rs 6,000 assistance for pregnant women.
 
4. "I am overwhelmed by the public support after demonetisation," said Modi.
 
5. Modi says honest taxpayers will get benefit.
 
6. Thirty million kisaan credit cards will be converted into RuPay cards, said the PM.
 
7. 33% more homes would be build in rural areas under the Pradhan Mantri Awas Yojana. 
 
8. The credit guarantee of MSME will be increased to Rs 2 crore from Rs 1 crore.
 
9. The government will guarantee loans up to Rs 2 crore for small traders.
 
10. For senior citizens, 8% interest on deposits of up to Rs 7.5 lakh for 10 years. 


>>> Nifty Daily Chart - Posted Last Weekly Review <<<

>>> Click the chart to see on full screen <<<

Wrote Last week - Wave C Upside Pending - Will be confirmed after Monday Move. As expected Buy Triggered on Monday and We went Long also. See what happened.

>>> Nifty Daily Chart - Happened <<<

>>> Click the chart to see on full screen <<<

Today we have booked Profit 230 - 240 Points.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Price gave a good break out - shows more upside possible.

>>> Bank Nifty - Posted on Last Weekly Review <<<

>>> Click the chart to see on full screen <<<

Posted Last weekly review - Downside almost ended as W-X-Y wave - See what Happened.

>>> Bank Nifty - Happened <<<

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Booked 350 Points Profit.

>>> MCDOWELL-N - Posted on 27th Dec, 2016 <<<

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Posted on 27th Dec, for a good Rally till top of the channel. See what Happened.

>>> MCDOWELL-N - Booked Profit Rs.22500/- <<<

>>> Click the chart to see on full screen <<<

Profit Booked Rs.22500/-

>>> Asian Paints - Break Out - We are Long <<<

>>> Click the chart to see on full screen <<<

We are Long, Price on Break Out.


Wish you all our Clients & Reader - A very happy & Profitable New Year 2017 - Lets all make it a fantastic New Year 2017. For New Year Offer - Contact us on email @ niftyforall@yahoo.com or whatsapp @ 9677924975 - Valild only till 05th Jan, 2017.