It was a welcome break on 02 Mar after a hectic budget trading sessions and budget analysis. Market moved in a state of euphoria even a day after the budget got over with trading on 01 Mar saw strong stocks gaining the most coupled with auto shares doing their best by virtue of their good performance. Finance minister has ensured that FIIs who have run with their money come back to India by virtue of his mutual funds decision and one point where union finance minister needs to concentrate is to ensure that food inflation is controlled which will keep the targeted 4.6% fiscal deficit looks achievable. However it is a serpent which is difficult to control and thus Pranab Mukherjee projections for fiscal deficit is going to go for a six by virtue of spiralling crude prices. The current rally in stock market looks deceptive and will become a reality only once Nifty starts trading above the level of 5655 with conviction as it is a Laxman Rekha for the market.
It is important that one takes advantage of the technology which has brought share market trading in our bed rooms. Still if one is not able to make money in the market, than one can take a lesson from those traders who traded in stock market floors shouting. If you want to trade with a style than make use of our daily hot share tip which has helped innumerous retail investors and traders to conquer market every day. The adjacent screen shot shows the manner in which stock trading is being executed today in a pictorial manner and a single trade shows optimism and pessimism in market because the person who is buying the stock is optimistic about the prospects of the stock or index and selling guy is pessimistic about the performance about the stock.
Tax Payers: Cheer Up
It is reason to rejoice wef 01 June as tax payers up to 5 Lakh annual income are likely to be made free from the filing of the income tax and armed forces may get this incentive irrespective of their income. This as a fair system of reposing trust in the tax payers and we need to live upto the expectations. They deserve the same by virtue of the only pillar left in our country on which nation can fall in the times of crisis. Somebody may say corruption charges against the defence forces, however aberrations do happen in any system and India defence forces handle the same with firm hand and to an extent even Pakistan has gone on record asking its generals to take a cue from the Indian military fair system.
Stock specific action
Hind Zinc is going for stock split and bonus announcement on 04 Mar and board meet are likely to be held for PNB and Idea on the same day.
Support and Resistances for the Day
|Tip||2030 (Rs 50,000 Trading)|
|NSE Nifty 50 Stocks||Made Money (Rs)|
Strong future shares at National stock exchange
HDIL, Welcorp, ITC, India Info, IDFC, LIC Housing, BRFL, Core Protect, TVS Motor & Maruti.
Weak future stocks at NSE
Mphasis, Patel Eng, DCHL, BGR Energy, Punjlloyd, Aurobindo Ph, Rcom, Unitech, GT Offshore & BEML.
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