DAILY MARKET OUTLOOK FOR FREE BLOG READERS:-
NIFTY SUPPORT:- 5265
NIFTY RESISTANCE:-5450
TREND DECIDER LEVEL:-5372
ANALYSIS OF UNION BUDGET 2012.:--
The Indian politicians who come to power only to retain power by whatever means. In the process general public being robbed again and again by various means in day to day life. To save their position they are so scared that they most often knowingly ignore ground realities and opinion of masses.
A quick back of envelope analysis of the union budget are as follows:
POSITIVES:-
5.1% deficit target, but nobody on street is amused
GST rollout by august 2012, a big blunder given the political situation
7.6% GDP growth projected for 2013.
Easy financing for cash strapped power sector.
ECB limit of $ 1 billion for bankrupt aviation sector.
Cap on oil subsidy.
Some stimulus for Equity market, STT and RGESS
Tax free infra bond of 60000 crore.
Deferment of food security bill.
NEGATIVES:-
Proposed modification of IT act 1962 which will the biggest negative in the eyes of world investing community.
Service tax rate increased with net widened.
Across the board excise duty hike a big dampener for the industry.
MISSES:-
FDI in retail, aviation, pension and insurance.
DTC implementation
No stimulus for growth for slowing economy.
No concrete step to reduce subsidy on fuel, food and fertilizers.
PAID MEMBERS ZONE(FULL NEWS BASED)
1) PROFIT SHARING:-
HOPEFULLY NEXT CALL WILL BE RELEASED ON MONDAY OR TUESDAY.
2) DELIVERY PACKAGE:-
OUR LAST CALL (..?.M.?..C) IS STILL OPEN....RECOMMENDED TO BUY @191.50 .AVERAGED@184.50-185.00....STOPLOSS @180.00....TARGET @205.00/210.00
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