How To Read Budget (i) - Receipts and ExpendituresWhere doe the Government earn from and where does it spend - thats what the budget document tells us.
This video touches these aspects of the budget document - Revenue Receipts, Revenue Expenditure, Capital Receipts, Capital Expenditure, Revenue Deficit, Fiscal Deficit and expenses like interest and pensions
Indiabudget
Nifty-Shark Bounce or Sharp Bounce 13600-14700- What Next?Nifty - Was That Shark Bounce or Sharp Bounce 13600-14700-What Next?
Amazing session for Indian Stock Markets & Possible Reason for moves which unfolded on 1st Feb2021
• Harmonic Pattern
• Heaven’s Message
• Indian Budget2021
• Stock Updates
Harmonic Pattern
Bullish Shark Pattern which was suggested last week with trigger level above 13850 & targets of 14100 / 14400
Last Idea Published – Shark Harmonic Pattern
Heaven’s Message
From Financial Astrology, Mercury went retrograde (moving backwards) on its orbit which it does 3-4 times in a year & recently went retrograde for the 1st time in this year on 30th Jan2021 & shall remain for 3 weeks until Sunday, 21st Feb2021 when it goes back direct again. Mercury retrograde is also a period when false moves might happen so be careful while trading & do not get emotional.
Indian Budget2021
Stock Updates
Reliance – false breakdown below 1835 last week & bouncing from new lows of 1830 to 1900+
TataElxsi- Its Elxsi or Expanding suggested last week – moved 2400’s approx. to 3000+ which was amazing
What Next?
Market Participants should be careful of Double Top’s close to 14700+
BANKNIFTY WEEKLY ANALYSIS - 4th Feb Expiry (BUDGET BOMB !!!)Banknifty has retested the 30850 level already.
I am expecting sharp selling below 30220 level.
Hence, my plan is mostly sideways to downtrend directional trading and selling call is preferable since IV (Intrinsic Value) will be high and we can get the good premiums.
All the imp levels are marked on the chart.
Cheers.