Nifty Stance Bullish ⬆ Nifty went up 352pts ~ 1.52% this week. It even broke through the resistance level of 23357 which prompted me to change the stance from neutral to bullish. There were 2 events that happened this week. The Union Budget on 1st Feb was received well. It had a significant tax relief…
The incumbent BJP Government, known for its love for higher taxes surprisingly gave an income-tax cut for the Indian middle class. On 1st February, Nirmala Sitharaman announced that the direct taxes of people with a salary up to 12 lakhs per year will have zero taxes. She also mentioned that the losses to the government…
Nifty Stance Bullish ⬆️ Nifty is up 324pts ~ 1.32% this week. Markets fell on the 19th and then the weakness continued till Thursday. What happened today, 26th surprised everyone as Nifty recovered 1.76% ~ 428pts to hit a new ATH of 24861. We had a poor budget, wherein the short term capital gains (STCG),…
