Indian Equity Sensex Jumps over 1500 pts

#Niftyfuture have made high of 550 pts in one go after the stimulus package announced by FM as Major cut in corporate taxes to ensure the growth and making FPIs happy on change in investing structure in India as corporate!

Major contributors are as follows:

This is certainly a positive move from the government in terms of continue on  reforms to ensure growth!  Good news for corporate and Equity 

But Setback for Bond Market! 

Will posting the detail impact of the move in next post! 

Have a great day!

India Announced New Corporate Tax Structure

India Govt announces Stimulus package in the form of changing the corporate tax structure, Details of the announcement as follows as per my view and understanding.

• A domestic company can pay income tax at 22% if they don't seek any exemption or incentives

• Effective Tax Rate 25.17% inclusive of all surcharges and cess for such domestic companies

• Such companies also not required to pay Minimum Alternative Tax

• Companies availing exemptions can opt to pay tax of 22% after the exemption period is over

• Enhanced surcharge announced in Budget shall not apply on capital gains arising on sale of any securities including derivatives in the hands of foreign portfolio investors

• The govt expects to widen tax basket with lower tax rate

• Buybacks pre-July 5 exempted from buyback tax

• For new manufacturing companies that start production before March 2023 and incorporated on or after 1st October 2019, corporate tax rate brought down to 15% from 25%.

• Enhanced surcharge announced in Budget not to apply on capital gains arising on sale of equity share in a company or a unit of an equity oriented fund or a unit of a business trust liable for STT

• MAT for companies that want to use tax exemptions cut to 15% from 18.5%

• Companies can opt for lower tax rate after expiry of tax holidays and concessions that they are availing now.

NEW TAX RATE WILL BE APPLICABLE FROM THE CURRENT FISCAL WHICH BEGAN ON APRIL 1.

Testimonials

Testimonials from traders and followers

Emmkay is a legend when it comes to accurate Intraday or positional calls. Every tip hits the target - bang on! One thing which I admired in him, is his simplicity. He never ever boasts or makes fun of anyone. He is simple and down to earth. Sharing bets during live markets hours is a herculean task, but he does that with ease. Looking forward to learning from him his *secret sauce* 

    Senthesh

Intraday Stock Trading Seminar - 2 Days workshop

Follow @EmmKay_RA

Seminar/Webinar on Intraday Stock Trading

TOPIC: "ADVANCED SKILLS FOR SHORT-TERM TRADING"

Delhi: Sept28th to Sept29th 2019

Webinar: On - 5th October to 6th october 2019

Investor phycology on market behavior

Seminar objective:

• Identification of Stock / Trend

• Trading  Range 

Lenders to Altico Capital

Default of 15 cr despite having cash in hand! 

Is this begging of new trend of defaulters.

HDFC and bajajfinance trading at 6X and 8x . Let's see how it would impact in the market. 

Will publish the my understanding on same later on facts or media hype!

Published as received!

#indiarating& research!

Reliance Result highlights

Reliance result

RIL HIGHLIGHTS • Record net profit of ₹ 39,588 crore, up 13.1%

• Highest ever PBDIT of ₹ 92,656 crore, up 26.8%

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• Record earnings for Petrochemicals, Retail and Digital services

• Jio crossed 300 million subscriber, ₹ 15,000 crore EBITDA milestones

• Retail crossed ₹ 100,000 crore revenue, 10,000+ stores milestones

• Record Quarterly Net Profit of ₹ 10,362 crore, up 9.8% YoY

• Demerger of tower and fibre assets of Jio completed

• Completed acquisition of Den Networks Limited and Hathway Cable and Datacom Limited

Energy Business

• Record Annual Petrochemical Segment EBIT at ₹ 32,173 crore, up 51.9%

• Highest ever petrochemical volumes at 37.7MMT, up 16%

• FY19 Refining EBIT of ₹ 19,868 crore, GRM $ 9.2/bbl, $4.3/bbl above Singapore Complex Margins

• 4QFY19 GRM $8.2/bbl, $5.0/bbl over Singapore Complex Margin

Retail

• Retail revenue up 89% to ₹ 130,566 crore

• Record Retail EBIT of ₹ 5,546 crore, up 169% YoY

• Retail now has 10,415 stores with reach across 6,600+ towns and cities, area of over 22 Mn sq. ft.

Jio

• EBITDA of ₹ 15,102 crore, up 2.25x on YoY basis, EBITDA margin of 38.9%

• Net profit of ₹ 2,964 crore

• India’s largest wireless data subscriber base (306.7 Mn as of 31 March)

• 10.9 GB per user per month; highest voice consumption per sub at 823 minutes per month

• Likely highest ARPU in the industry at Rs 126 per month in 4QFY19

Buy Sell for tomorrow stocks NSE

Stock shorts and long on trending bases for tomorrow trades.

Stock only tradeable if trade below previous low and high in respective sell and buy trend.

with a stop loss of respective high and low of the previous day!

Disc..stocks list given for education purpose only!

MCX

Required US Government Disclaimer & CTFC Rule 4.41

Futures trading contains substantial risk and is not suitable for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only consider risk capital that should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. CTFC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this website or advertisement are for illustrative purposes only and not construed as specific advisory recommendations. All ideas and materials presented herein are for information and educational purposes only. No system or trading methodology has ever been developed that can guarantee profits or prevent losses. The testimonials and examples used herein are exceptional results which do not apply to average people and are not intended to represent or guarantee that anyone will achieve the same or similar results. Trades placed on the reliance of Trend Methods systems are taken at your own risk for your own account. This is not an offer to buy or sell futures interests.

Top 15 stocks to buy-sell tomorrow

Stock Recommendation for tomorrow,

stock advise for Thursday

Sensex closes 155 points

Sensex closes 155 points 

 In today's trading, the Nifty dived to 11,419.65 while the Sensex was broken up to 37,815.75. Finally, the Nifty closed near 11,430, while the Sensex was more than 150 points broken. The market's 5-day fast on today's break Sensex and Nifty closed nearly 0.5% down Due to profit-booking in the market, the decline has been observed.

 Today, PSU Bank, Metal, Pharma, Capital Goods and Power shares have been selling heavily. Bank Nifty closed 0.7% down at 28,124 level. However, purchases are seen in consumer durables, IT, FMCG and auto stocks. Small-cap and mid-cap stocks also saw the pressure of selling. BSE's mid-cap index has closed down by 0.8%.

The Nifty Mid-cap 100 Index has declined 0.5 percent. BSE's smallcap index closed 0.8% lower The BSE 30-share index Sensex fell by 155 points, or 0.4%, to 37,869 level. On the other hand, NSE's 50-share index Nifty closed 41 points, 0.4% down at 11,429.5.

 In mid-cap stocks, Jindal Steel, Bank of India, Canara Bank, Union Bank and Tata Communications have slipped down 6.25-3.6%. However, Berger Paints, SJVN, Exide Industries, IIFL Holdings and CG Consumer have climbed up to 4.5-2.2% in the midcap stocks.

 Skippers, JetEkT India, Premier Explosives, Manali Petro and Healthcare Global are among the smallcap stocks that have broken down to 12.6-8.5% in small-cap stocks. However, DEN Networks, 63 Moons Tech, BF Investment, Shilpa and JB Chemicals in Smallcap Shares were strengthened by 19.8-8.7%.

 In large-cap SBI, GAIL, Sun Pharma, Tata Motors, Vedanta and Power Grid closed down by 4.1-1.8%. However, in the giants, Eicher Motors, BPCL, HPCL, Mahindra and Mahindra, Hero Moto, TCS, ITC and Kotak Mahindra Bank climbed up to 5.7-0.7%.

Investment Slider on website, A study

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The fact is that they are yesterdays technology and research has proven that a rotating promotion slideshow on your homepage can actually do more harm than good. I wanted to take a closer look so I could make more educated choices and recommendations for our clients who will more often than not think they want a rotating slider.

Best Practices are as follow as per my findings                                                                               

• Keep the same content type on each slide
• Use one main message. Yes, it's possible - focus!
• 3-4 slides max. Don’t bombard your user with adverts.
• Give the user more control, disable automatic slideshows.
• Use them for display purposes