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
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Investment Gem: (Adani Enterprise) Set to Soar 20-25%!ADANI ENTERPRISE:
Swing Targets: 3900/400
Long Term: 6000
Company Background and Work:
- Founded by Gautam Adani in 1988, Adani Enterprises Limited is a conglomerate within the Adani Group.
- Core sectors: Energy, infrastructure, logistics, agribusiness, real estate, financial services, and defense.
- Evolution into a leading player in India's business landscape.
- Core businesses: Trading, coal mining, renewable energy generation, agribusiness, and logistics.
- Trading: Started with agricultural commodities, diversified into coal, oil, gas, edible oils, and metals.
- Global presence with trading offices in key markets.
- Coal Mining: Among India's largest coal mining companies, meeting energy demands for various industries.
- Renewable Energy: Active investment in solar and wind power projects, contributing to clean energy transition.
- Agribusiness: Strong presence in sourcing, processing, and trading of agricultural commodities.
- Operations include grain silos, storage facilities, and processing plants.
- Logistics: Operates ports, terminals, and transportation services facilitating trade domestically and internationally.
- Adani Ports and Special Economic Zone Limited (APSEZ) is a major subsidiary.
- Other Businesses: Real estate development, financial services, and defense manufacturing.
- Diversified business interests strategically leveraged for growth and profitability.
- Contribution to India's economic development, infrastructure, and energy security.
- Commitment to innovation and sustainability in shaping India's future economy.
--------------------------Fundamental Analysis
- Shareholding: Promoters' holdings 72.61% as of December 2023.
- Financial Performance: The company has sustained profitability over the last 2-3 quarters, with earnings averaging between 136977 crores per quarter.
--------------------------Technical Analysis
- Ready to Break .618 Fib level.
- Bullish Flag pattern.
Above 50 Moving Average.
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
"30-3" formula simple basic intra day trading with back testing Intraday trading is a popular approach among traders who aim to capitalize on short-term price movements in the markets. To succeed at intraday trading,one must be able to quickly analyze and interpret price action charts.
Price action charts show the movement of an asset's price over a certain period of time. Traders use these charts to identify patterns and trends that may indicate a buy or sell signal. One popular price action strategy for intraday traders is to look for support and resistance levels. Support levels are price levels where buying pressure is strong enough to prevent the price from falling further. Resistance levels are price levels where selling pressure is strong enough to prevent the price from rising further.
Traders can then use these levels as a basis for making buy or sell decisions. For example, if the price of an asset is approaching a known resistance level, an intraday trader may look to sell the asset in anticipation of a potential price reversal. Conversely, if the price is approaching a known support level, the trader may look to buy the asset with the expectation that the buying pressure will push the price higher.
When using price action charts for intraday trading, it's important to remain disciplined and not let emotions get in the way of making sound trading decisions. It may also be helpful to have a solid risk management plan in place, as intraday trading can carry higher levels of risk than longer-term trading strategies.
Jubilant Food - Interesting breakout and watch scenario
Chart has formed a flag pattern and shown a breakout from the narrow channel a few days ago.
Supply zone is a 2 year long area which stock is not able to breach. Excellent support at 690 range. The recent swings are forming higher low's.
Can give a breakout above the resistance area if pumped with volumes.
Can enter with small quantities for accumulation at 850-870 range, more confirmation can be seen at 900 ranges.
*View are personal, not investment advice or tips. For educational purposes only.
SWING TRADE IN DALMIA BHARAT AUG (FUT)SWING TRADE IN DALMIA BHARAT
AUGUST FUTURES
BUY@2618(ABOVE 2615)
STOP@2600
TARGET@2640
LOT:300
QTY:2