Friday, September 20, 2019

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The total revenue foregone by Govt over last week is 1.45 lac crores in tax reliefs to corporates announced now + 50,0000 crore is export credits given away earlier. So in all, about 1.95 lac crores of revenue has been given away by @nsitharaman - about 1% of GDP.


Clap...Clap...Clap....

What Changed ?



RBI gave 1.75 lakh cr

Passed on to Corporate 1.50 lakh cr....

What we common people will get..... petrol price may be increased by 3 Rs..... enjoy....







Four Jokers


Standing in a park....and discussing...


Index today


Index


No short....for the day...


Today Lesson


Today lesson..
Morning level suggested Index No short....
My morning post
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Index


No short....for the day...


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In the meantime, we tried reversal trade in 10800 put option entered at 54 and exited at 39...with 15 point loss....(based on support)...

Once s/l has been taken out.... we entered the call option 1st trade and encahsed 60 points....then again 11400 call entered at 47 and exited at 76...

Finally ended with Plus..not trapped...

Lesson : Go with the wind.....market is superior....




Dr Reddy


Good analysis punit....Dr.Reddy hit the target...perfect..


Perfect 2nd Round





11400 call 47 to 76.....

Congrats

Nirmala Tai Rocking


https://economictimes.indiatimes.com/markets/stocks/news/sensex-jumps-over-900-points-nifty-tops-10950-on-fm-tax-booster/articleshow/71213518.cms?fbclid=IwAR1Qxhzcrz1x9grHaKlmEVv7sKvyJDlqo7Sud6ksLkQ5MT5Ipkj0BfU2-iQ


Next



Next target 76.......check hangout....


11200 call validated 148



Again...we keep 11200 call buy near at 72 with s/l 53.....


11200 call


Now keep 11200 call s/l near to cost 61....or trailing s/l with target 148...

Take care...


Excellent Rally


10800 Put S/l Hit...

First time in a decade..... 500 point rally.... upside in  a day...


10800 Put


Today opportunity....10800 put 54 is reversal area ...with strict s/l 42 (15minutes candle)

Now...trading at 128.30


Index


No short....for the day...