Monthly Archives: February 2019

Crude Weekly Forecast as we approach Zone of Resistance

By | February 2, 2019 1:40 pm

As Discussed in Last Analysis For coming week 3900-3906 will act as strong  resistance and 3710-3721 as strong support, Any close above 3906 can see fast move towards 3969-4096. Above 3906 we made a good rally towards 3969 on Friday. For coming week 3969-3999 will act as strong  resistance and 3800-3810 as strong support, Any close… Read More »

Nifty Technical setup after Budget

By | February 2, 2019 11:26 am

FII’s bought 20.9  K contract of Index Future worth 1711 cores 20.5 K Long contract were added by FII’s and 393 Short contracts were covered  by FII’s. Net Open Interest increased  by 20.1 K contract, so rise  in Nifty was used by FII’s to enter long and exit short in  Index futures.FII’s Long to Short Ratio… Read More »

Bank Nifty Technical setup after Budget

By | February 2, 2019 6:44 am

As Discussed in Last Analysis Now as tomorrow being a Budget day and lot of volatility will be seen in market so trade with extreme caution, Bulls will get active above 27360 for a move towards 27496/27622/27754/27840. Bears will get active below 27100 for a move back to 27000/26920/26800/26700/26555. Both Bulls and Bears were able… Read More »

The Circle of Good Deed

By | February 1, 2019 3:33 pm

Once upon a time Shree Krishna and Arjun went for a short stroll around the city. They saw a poor looking priest begging. Arjun felt pity at him and he gave him a bag full of 100 gold coins. The priest became very happy and thanked Arjun. He left for his home. On way, he… Read More »

HIGHLIGHTS OF BUDGET 2019

By | February 1, 2019 2:05 pm

Tax 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5. Recommendations to GST council for reducing GST rates for home buyers 6. Full Tax rebate… Read More »