MCX - GOLD - OUTLOOK - 23rd Feb, 2023

 Dear All,

> MCX - GOLD - WEEKLY CHART <

Weekly Chart suggested a Bearish outlook.

MCX - Crude Oil - Bullish - 23rd Feb, 2023

 Dear All,

Lets Fly with Crude Oil

DowJones - OutLook - 21st Feb, 2023

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> Dow Jones - Daily Chart <

NIFTY Update 20th Feb, 2023

 Dear All,

> NIFTY 15 Min Chart <

A complicated corrections usually have a lot of alternatives when it comes at a main Juncture. Particularly when it was s WXY-X-WXY correction, needs more care. 
Bank NIFTY spot also at 40600, giving lot of hope to bulls. Lets see.

Weekly Review - 20th Feb, 2023

 Dear All,

Indices are in the middle of break out or break down pattern.

Major News or events which may break or make the market next week.

1) FOMC Meeting

2) RBI's Monetary Policy Meeting - 

are the major events which may trend the market.

> NIFTY Daily Chart <

> NIFTY Hourly Chart <

> Bank Nifty Daily Chart <

> Bank Nifty Hourly Chart <

>Mphasis - Weekly Chart <

> SRF Ltd - Daily Chart <

> DIXON LTD Hourly Chart <

> Live Update on Whatsapp <

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NIFTY - Key Support @ 17995

 Dear All,

> NIFTY 15 Min Chart <

Short Term Delivery Call - Dixon Tech

 Dear All,

> DIXON TECH - Short Term Delivery Call <

N4A - Short Term Delivery - Mphasis

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> Mphasis - Weekly Chart - Break Out <

BANKNIFTY to Decide the Market Trend !!!

 Dear All,

>BANK NIFTY 15 MIN CHART <

Watch 41700-720 for Rally

NIFTY FUTURE UPDATE 14th Feb, 2023

 Dear All,

> NIFTY FUTURE UPDATE <

Weekly Review 13th Feb, 2023

 Dear All,

Market witnessed volatility and ended on a flat note in the week ended February 10 with inline rate hike by the Reserve Bank of India, mixed set of corporate results and continued selling by foreign institutions.

Selling by foreign institutional investors (FIIs) continued this week as well but with reduced rate, as they sold equities worth Rs 3,201.63 crore, while domestic institutional investors (DIIs) bought equities worth of Rs 2,287.48 crore. In February, till now, FIIs sold equity worth Rs 5,414.21 crore and DIIs bought equities worth Rs 6,453.05 crore.

> Nifty - Posted Last Weekly Review <

Support mentioned has not broken, But we saw a very volatile and choppy session, 

> NIFTY 5 Min Chart - Update <

Above 5 Min Chart shows a raising wedge like pattern, lets see if break above or below for a direction

> BANK NIFTY Posted last Weekly Review <

> Bank NIFTY 15 Min Update <

Hope we Will get a clear picture this week, lets wait for break down or up.

> NIFTY IT Daily Chart  - Posted Last Weekly Review <

> NIFTY IT Hourly Chart - Update <

> N4A - Short Term Calls <

> Voltas - Updated Last Week <

Mentioned to Clients that it may test 795.

> Voltas - Update <

After test 795 as expected, start moving and test 856, Looking for 885 or 900 Soon

> Sobha - Updated Last Weekly Review <

> Sobha Ltd Update <

Support @ 560, Lets hope for a rally to test all given resistance.

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Weekly Review 06th Feb, 2023

 Dear All,

The Union Budget for FY24 broadly brought smiles on bulls as it indicated the government’s continued focus to foster domestic growth through higher capital investments and reforms while pumping in incentives to boost rural growth.

No changes to the long-term capital gains tax or securities transaction tax came as another big relief for domestic equities.

Some Key Important Point Sector wise :-

1.  Budget increased the capital outlay for FY24 by more than expected 33% to Rs 10 lakh crore. This is almost 3 times higher than the outlay made in the 2019-20 Budget

2.  Bedget 2023 to boost consumer spending, which will effectively drive credit growth.

3.   Increased capital outlay and spending to scrap old government vehicles, which is a good for entire Auto industry.

4.  Budget 2023 has hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%, which will translate into about 1-3% increase in prices of cigarettes.

5.  Budget 2023  announced that for life insurance policies, other than ULIPs, where the premium is more than Rs 5 lakh, the income will be taxed. This will be applicable on policies being offered after April 1. Most of the Indusrance Stocks fell post announement.

6.  Budget 2023 said promotion of tourism will be taken up on a mission mode, with active participation of states, the convergence of government programmes and public-private partnerships, good news for all Hotel Sector.

7.  Budget 2023 reduced the basic customs duty on parts of open cells of TV panels.

8. Budget has estimated a divestment target of Rs 61,000 crore for the current financial year.

9.  Government reduced the customs duty on lithium cells sharply to 13% from 21% and extended subsidies on EV batteries for 1 more year.

10. Budget raised the target for farm credit to Rs 20 lakh crore. The government will also focus on areas including animal husbandry, dairy and fisheries.

> NIFTY DAILY CHART <

> BANKNIFTY DAILY CHART <

> NIFTY FIN SERVICE <

> NIFTY IT <

> SHORT TERM DELIVERY CALL <

Rule Book :- 

1. Never Invest all Cash in Single Stock or in a Single Stroke. 

2. Averaging is a technique to add more during a dip.

3. Support levels and Second entry will be Provided as per stock movement.

> SOBHA LTD - POSTED ON 12TH JAN, 2023 <

> SOBHA UPDATE - 06TH FEB, 2023 <

> VOLTAS 1ST UPDATE AS ON 30TH JAN, 2023 <

> VOLTAS UPDATE - 2 <

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