As we proceed towards Buy and sell decisions and intraday pics for the week lasting 25th Feb to 3rd March, 2019, let us take a quick look at the market condition as it stands.
It is not on an absolute upswing, and closed higher than Tuesday on Wednesday, for the first time in 8 consecutive days. Nifty holds 10,700 levels. It is backed by relief rally in sectors that are beaten down, and positive global cues alike.
The 50 share NSE Nifty gained 131.10 points or 1.24 %, to close at 10,735.50. On the charts, it made a bullish candle after 9 days of bearish candles.
Similarly, the 30 share BSE Sensex rallied 403.65 points, which is 1.14 % to 35,756.26.
The border market also traded in line with the benchmarks. Nifty Midcap and Smallcap indices, both gained 1% each with positive market breadth.
The sectoral indices all closed in the green. This includes Nifty Bank, Metal and IT indices, which were all prominent gainers. If we look at pivot charts, key support levels are placed at 10,670.37. This is followed by 10, 605.23. If the index does undertake an upward swing, the key support levels for which we need to lookout for are 10,776.67 followed by 10,817.83.
On 20th of February, Nifty bank index was 270.65 points up to 26, 955.50 at closing time. A crucial support for the indexes, important pivot level is placed at 26,796.97. This is followed by 26,638.43. The key resistance levels are placed at 27,049.77 and 27,144.04.
Here are the recommended stocks Tips to invest in, which would yield good returns.
Wipro: target 384 stop loss 368
Tata Steel: target 515 stop loss 480
Buy REC target 136 stop loss 124
Buy HDFC Bank target 2140 stop loss 2095
Buy Havells India target 710 stop loss 690
Buy HCL Tech target 1070 stop loss 1050
Buy Larsen & Toubro target 1290 stop loss 1265
Buy Reliance Industries target 1255 stop loss 1220
Buy Amar Raja Batteries target 710 stop loss 732
Buy PAGE Industries target 19500 stop loss 21000
Buy Shriram Transport target 1090 stop loss 1034
Buy Coal India target 212 stop loss 218
Let us now consider how do these companies measure up in terms of budget, and how the Budget 2019 lays its influence on Intraday trading.
How does the 2019 budget make you feel? Does it make you feel happy or confused?
With the budget right in front of us, there is clarity in perceptions. The budget offers a wave of relief for the middle class, with a basic slab of Rs. 5 lakh. Anything below this is not taxable.
One also has an option of a gross income of Rs. 6.5 lakhs for not paying any tax. This can be achieved by investing in prescribed equities or provident funds.
All this makes Budget 2019 big news for everyone.
People initially had the notion that Modi government had forgotten about the middle class. But this is not the case.
With requisite intraday tips, you can make heavy profits in stock markets as well. With the release of new budget, some stock tips might be of help.
Standard tax deduction now stands at 50,000. This is a positive sign, and implies that people now have more disposable income.
However, selecting stocks to invest into is a tricky decision. As dictated by the budget, a few of the stocks are good bets while others are not. Good intraday tips can be very helpful in this regard.
The budget offers positive news for people living on rental income as well, in particular for senior citizens. It has increased from 1.8 lakhs to 2.4 lakhs.
The 2019 Budget does not have as many provisions for the rich as it has for the middle class, and this gives crores of people some extra money to spend. As resulting from the same, money flowing into the market is also expected to increase.
Stock tips that are going around are plenty in number and it is difficult to get access to right information. A service for intraday tips is the right avenue to get some good daily stock information.
It is never easy to make money in the stock market. For the same, one has to research well and get some good advice from the right people. Once that is done, things become much better.
If the right kinds of stocks are picked at the right time, you will definitely make money. People who invest wisely in the stock market will surely make some money. This would be more lucrative than investment in any other avenues, such as gold or real estate.
SO it is wise to invest in the stock market after getting intraday tips.
Budget or no budget, making money in stock market is possible with the right guide or information, which greatly improve the odds of making money.
For the same, it is very important that you choose to go in for an experienced advisory firm which is SEBI registered. With a little bit of prior research, you can come across just the kind of firm that you are on a lookout for.
It is then better to take reference from a few of the people who are already using these firms. Some of the best offerings that an advisory firm can have include a good customer service and a relationship manager who guides you in every possible way.
When on a lookout for stock advisory service, you must try and find an alternative that offers:
o Good price
o Value for money
o Good intraday tips
You can expect a good stock advisory service to give you good market knowledge, along with good tips at an accurate time, which make them more lucrative.
They will offer realistic goals for you, and help you achieve those goals by calling you proactively. When you come across such an advisory, you would be able to continue their services for a long duration and keep making profits as well. You must also make sure that the advisory service is well experienced, yields profitable results and a good value for money. It is better to choose a service that has a proven track record. Such a service can help you make wealth at a reasonable cost.