Stock Market

27Sep

Nifty Outlook For Tomorrow By Epic Research

A bearish engulfing pattern with largest one day loss butchers the bulls as Nifty slides below all crucial moving averages it was holding from last December. A close below 9800 confirms that damage can be much sever in coming days as no breathing space is left for short term bulls.
A bearish engulfing pattern is seen which has engulfed the previous sessions some minor rebound while a close below 9800 is signalling more bearishness in market. On Immediate basis the support for market is seen at 9700 which in case holds may provide a short term relief coupled with  rollover data which is way weaker as compared to last few months with a day more to go. We see short term support for market coming at 9540 – 9600 which may give some meaningful pause. On higher side point of inflection is seen at 9800 – 9840.
As Far as OI data is  concerned we may see much weaker expiry this month which may set the bearish tone for October series.
We are cautious with sell on rise approach and any rise shall be used for the same. Some defensive play is observed in FMCG and Infosys but that may as well evaporate given the strength of bears on overall market.
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23Sep

Nifty Outlook For Monday By Epic Research

 

Nifty slides with second biggest loss of the year as geo political tensions turns sentiments bearish for traders across globe. A week that started with a smaller consolidations and a tight range of trading finally paved the way for bears as it breached below 10K mark. A bearish engulfing pattern clearly indicates the strength as it engulfed the previous week gains as well and mandates the short term trend to be weaker.

Nifty inched higher making a new all time high at 10178 with a positive open while it consolidated for two broad days due to exhaustion of breadth of the market. The much needed breadth turned negative as there was a turn in negative sentiment due to lackluster participation by heavyweights like Bankex, metals and Infra.
The short term trend suggest writers are active at 9800 and 9900 while on the higher side 10200 proves to be a resistance. A sudden shift in overall trading range also suggest that in coming week it will be hard to see a rebound which may last longer given the change in OI.
As global tensions mount with North Korea pushing to a next level of tests with H bomb, it will be hard for bulls to have a comeback which was as swift as before. Also we dont see any cues that can lead us to a decline in volatility.
We suggest to be cautious with a sell on rise approach while it will be prudent to watch few levels. Support on immediate basis is seen at 9900 9860 while if breached on closing basis we may see further correction towards 9700. Resistance is now placed at 10040 10090 and will be very hard for bulls to sustain above it.
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30Jun

Clear your confusion about GST and it’s tax rate

GST

GST is the abbreviation of Goods and Service Tax which will be applicable from 1st of July,2017 all over in India.It will replace all other taxes levied by central and state government.

Taxes which will bound together under GST are:-

  • Central Excise Duty
  • Service tax
  • Commercial Tax
  • Value Added Tax (VAT)
  • Food Tax
  • Central Sales Tax (CST)
  • Octroi
  • Entertainment Tax
  • Entry Tax
  • Purchase Tax
  • Luxury Tax
  • Advertisement tax

With the GST, one state has to deal with the central government only to settle their tax amount and not with every other state. Under GST, taxes is divided in few slabs at following rates.

Slabs of the tax rate in GST:-

0%: – Open Grains and pulses, fresh vegetables, Open dairy products, egg, notebooks

5%: -Sugar, tea, coffee, cooking oil, skimmed milk powder, cashew & raisin, LPG

12%: – Ghee, butter, almonds, preservative fruit juice, pickles, mobile phones, medicines

18%: – Hair oil, toothpaste, soap, ice cream, computers, pasta, printer, corn flakes, cinema

28%: -Aerated drinks, Large appliances(AC, Fridge), Automobiles, entry into IPL matches and race courses

epic research

Things which get cheaper after implementation of GST

  • Travelling in general/sleeper coach
  • Air travel(economy class only)
  • Luxury car & bikes(exempt with 2%)
  • Cab services
  • Eating in restaurants (turnover under 75laks)
  • Apparels, few confectionaries & food items (Dairy products, biscuits, tea, coffee, sugar, soap, meat, honey, fresh vegetables, cashew, ketchup, salt & Ice cream)
  • Hair oil
  • Biogas
  • Insulin
  • Coal
  • Notebook
  • Smartphone
  • Light fittings
  • cotton, pillow, leather bag, paper napkin
  • buying home & large appliances(fridge, washing machine, printer)
  • Movie tickets

Things which get costlier after GST

  • Living in 5 star hotel
  • buying small cars
  • AC coaches
  • Insurance premium
  • Bank transaction
  • Mobile and credit card bills & payment(Raised with 3%)
  • Tour packages
  • Gold
  • branded clothes
  • Cosmetics, shampoo, perfumes

Adhar Card will be the King:

Adhar Card linking is must w.e.f 01 July 2017.No PAN card without Aadhaar;

No PAN card without Aadhaar; No passport without Aadhaar Card.Linking of Aadhaar with PAN becomes mandatory.Linking PF account with Aadhaar.

Linking of Aadhaar with PAN becomes mandatory; Linking PF account with Aadhaar.

Benefits from GST:

Tax revenue for govt. will be increased while the burden of taxes will be reduced for the industry.

Things will go digital resulting reduction in paper work.

Prices will get low for many manufactured products.

GST is simple and clear. It will remove the barrier or stress of all heavy other taxes with the single tax i.e. With GST one nation one tax. Although if we talk about market, they are not yet prepared for GST disruption.Investrs need to be beware as govt will track all your records while implementing.GST bill has a potential to change the variations in stock market frequently as it is one of the biggest tax reforms to be rolled out.You should and is advisable to take share market tips or stock tips while investing in market.

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