TAX tip today.. NPS — national pension scheme will give you additional tax savings of Rs50000 under 80ccd.
This is above the Rs1.5 lakhs benefit from 80c
So if your income is taxable, then use this option to save…
80c + 80ccd = total 2 lakhs reduction in taxable income
Bank nifty opened 39343 right at the resistance line made a long wick 5mts 1st candle. The 2nd candle broke the SR line. At 09.40 after seeing the red candle i assumed BN will trade lower and exited the 39500 iron fly at the cost price. I was not expecting BN to go up and…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “If Nifty50 has to change its character, the price has to fall below 22295 and then below 22051 wherein the higher low will get violated.” 4mts chart I was stunned by the Nifty50 and BankNifty price moves today. We started the day in line and then the 09.31…
Systematic Investment Plans (SIPs) are automated bank withdrawals that get invested in a mutual fund. Another example of an automated monthly withdrawal is an EMI on your loan. Both EMIs and SIPs look similar, but one drains away your money, and the other teaches you to sacrifice. Let us explore more on that today! A…
Nifty Analysis — Stance Bullish⬆️ Recap from yesterday: “For Monday, we will go short if 22295 is taken out and will go long if 22519 is taken out.” Nifty started with a gap-up, then came down to close the gap. Once we hit the previous close level, magically Nifty50 got real strength and then started climbing. Nifty…
Everyone talks about risk but has yet to learn what it really means. Risk can be an actual loss or a perception that you could lose. Usually, the feeling that you could lose in the future is much more powerful than the actual loss. Fear drives us crazy and makes us do irrational things. If…
You might already be familiar with the SIP, lumpsum, or the SWP calculator. If not, today would be a good day to start learning about them. SIP calculator will show you how much will be your portfolio value if you continue investing for a period. Example: Monthly Investment: Rs20000 Tenure: 20 years Assumed Returns: 13%…
