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2024

EID PARRY: Long Term SetupThe chart provides delineates critical price thresholds that signify breakout points, along with specific support levels that serve as indicators of where buying interest may manifest. Additionally, the chart highlights regions likely to act as ceiling points for future price ascensions, allowing for informed decisions on entry and exit strategies. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
NSE:EIDPARRYLong
by NiftyNotions
No to 30% Tax on F&O Trading!Recently, there have been reports that the government is considering imposing a 30% tax on trading in Futures and Options (F&O). This move will be devastating for many retail traders who earn a living from trading. F&O trading is not gambling! Traders invest time, effort, and money to make informed decisions based on market trends and analysis. It's not a game of chance like lottery or cryptocurrency. F&O trading requires skill, strategy, and dedication. Taxing F&O will crush small traders If this tax is implemented, it will be a significant burden on small traders who are already struggling to make ends meet. This will lead to: Reduced participation in the market Increased risk-taking (traders may take unnecessary risks to recover losses) Flight of talent (traders may leave India for countries with more favorable tax regimes) Don't punish responsible trading We urge the government to reconsider this proposal and instead focus on creating a more favorable environment for responsible trading. This includes: Simplifying tax regulations Providing education and awareness programs Encouraging innovation and growth in the trading ecosystem Join us in opposing this proposal! Let's protect the interests of responsible traders and ensure that India remains a hub for trading and financial growth. #SaveTradingInIndia #NoTo30PercentTaxOnFandO #ResponsibleTrading
NSE:NIFTY
by ard-komercisto
AWHCL: Ready for the Next Leg Up.After a robust upside run, AWHCL took a breather with a consolidation phase lasting around two months. This period of sideways movement allowed the stock to gather strength for its next move, and it looks like the breakout is finally here. Technical Analysis: Consolidation Period: AWHCL showcased resilience during the consolidation, indicating a potential accumulation of buying interest. The stock's ability to maintain a sideways range for an extended period is often a positive sign. Breakout Confirmation: The recent breakout is a strong signal that the market sentiment has shifted. The bulls seem to have regained control, and the price action suggests a renewed interest in the stock. Support Test: Today's move is particularly noteworthy as the stock tested a key support level, demonstrating its ability to hold ground even after the breakout. This is a positive sign of sustainability and strength in the current upward momentum. Volume Confirmation: Always keep an eye on volume. An increase in trading volume during the breakout and support test further validates the authenticity of the move. (Note: This is a fictional post for illustrative purposes and does not constitute financial advice. Always conduct your own research before making investment decisions.)
NSE:AWHCLLong
by TTS007
Market Correction or Market Crash? What you expect but soonHello Everyone, I've conducted another analysis, indicating that we might experience a good correction, likely in the 2nd or 3rd week of January 2024. But the question is how far this correction will go? Projected Support Levels: 1st Support: 21,100 2nd Support: 20,250 3rd Support: 19,950 I'm optimistic that the correction will be limited to 21,100, after which we anticipate breaking the Nifty50's lifetime high of 21,834 and progressing towards 23,000. I wish you successful investing and trading. Best regards, Naveen
NSE:NIFTYShort
by NaveenTTR
1
NIFTY50 Bullish Breakout: Adapting Strategies for Market SuccessTechnical Analysis: Breakout Above 21750: The market has successfully breached the 21750 resistance level. This breakout signals a potential extension of the bullish trend. New Trading Levels: With the breach of 21750, the market might establish new support and resistance levels. Traders should identify these levels for better precision in their entries and exits. Updated Momentum: The breakout above 21750 enhances the bullish momentum. Confirmatory indicators such as moving averages or other technical tools should be re- evaluated to align with the current market conditions. Risk Management: Adapt to New Levels: With the breakout, reassess and adapt your risk management strategies to the new trading levels. Consider setting revised stop-loss orders based on the updated support levels. Volatility Awareness: Breakouts can sometimes lead to increased volatility. Factor in potential price swings and adjust position sizes or leverage accordingly. Continuous Monitoring: Stay vigilant and monitor price action closely. Be prepared to adjust risk management strategies based on evolving market dynamics.
NSE:NIFTYLong
by TTS007
Rupee best performer 2023. 2024 looks even better.Rupee stayed almost flat against the $ in 2023, depreciating 2% whereas other EM currencies depreciated more than 4%. Equities soared in 2023 and if things go as they are appearing, then 2024 promises to be even better. There is lot of hop and optimism in the air already about Indian economy and that will most likely translate into higher returns for Indian equity investors. If you are not in India - You are missing the biggest global party!
TVC:IN10Y
by MBIPL