Nifty Trading Technique for Budget Day & Budget Implications

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Start with small qty initially and scale up as direction becomes clear post budget presentation.

Nifty Spot View: 01/02/2023
Cmp: 17662.15
Support & Downside Range: 17536--17405
Resistance & Upside Range: 17755—17805—17971 
Short Term Trend Reversal Level: -- 18265
Trading View: In today's intraday session key level to watch is 17536 spot levels till the time we remains above this levels bulls will try to move upside towards 17805-17971 spot levels minimum whereas if we break 17536 than can fall back towards 17405 and lower levels.

Make use of our Nifty trading technique and be on the right side of the market always and every time.

Budget Implications 


𝗕𝘂𝗱𝗴𝗲𝘁 2023 𝗟𝗜𝗩𝗘 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: 𝗙𝗠 𝗦𝗶𝘁𝗵𝗮𝗿𝗮𝗺𝗮𝗻 𝘀𝗮𝘆𝘀 𝗕𝘂𝗱𝗴𝗲𝘁 𝗶𝘀 𝗯𝗮𝘀𝗲𝗱 𝗼𝗻 7 𝗽𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝗲𝘀

1. 𝗚𝗿𝗲𝗲𝗻 𝗴𝗿𝗼𝘄𝘁𝗵
2. 𝗬𝗼𝘂𝘁𝗵 𝗽𝗼𝘄𝗲𝗿
3. 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁
4. 𝗥𝗲𝗮𝗰𝗵𝗶𝗻𝗴 𝘁𝗵𝗲 𝗹𝗮𝘀𝘁 𝗺𝗶𝗹𝗲
5. 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗮𝗻𝗱 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁
6. 𝗨𝗻𝗹𝗲𝗮𝘀𝗵𝗶𝗻𝗴 𝘁𝗵𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹
7. 𝗟𝗮𝘂𝗻𝗰𝗵 𝗼𝗳 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺

More Emphasis on Scrapping of Old Vehicle ; Positive for MSTCLTD & Indirectly Positive for ASHOKLEY. 

EMPHASIS ON LAB GROWN DIAMONDS ; Positive for GOLDIAM. 

Mandatory Timelines Set for States to Use 50 years Loan ; Positive for INFRA STOCK .

CAPITAL INVESTMENT OUTLAY INCREASED BY 33% TO 10 LAKH CR ; Indirectly Positive for CEMENT & STEEEL STOCKS.

 ANNOUNCEMENT OF 15 NEW AIRPORTS ; Positive for ADANI, GMR AIPORTS. 

STEEP INCREASE IN OUTLAY FOR RAILWAYS ; Positive for ALL RAILWAY STOCKS. 

CAPITAL INVESTMENT OUTLAY INCREASED BY 33% TO 10 LAKH CR ; Positive for INFRA & POWER STOCKS. 

Personal income tax
1. No tax income slab increased from 5 to 7 L in New tax regime
2. No of slabs reduced to 6in New Tax Regime
0-3 L - Nil
3-6 --- 5%
6-9----- 10%
9-12. -----15%
12-15 ---20%
15 +------30%

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