market update

You can, Enjoy your Weekend only, If Your Friday is too GoodAs Far As Profitability of Friday is Concerned.

To Make Your Friday , Good We have something Extra-Ordinary stocks for you GUYS.

Well.........FIRST OF ALL , Market UPDATE.......
Well.......Till Expiry, MARKET is Good, you can GO Long in NIFTY FUTURE, till Expiry.

Well.......There's New WORRY for FPI , i.e. Indirect Transfer.  Indirect transfer rules look to tax the transactions where foreign companies buy or sell their India assets. Sometimes, such transactions take place through holding companies set up in jurisdictions with favourable tax laws. The government has taken the position that such indirect asset transfers are also to be taxed, as the route can otherwise be used for getting around paying taxes in India.

The government recently clarified that any such transaction where at least 50 per cent of assets are Indian would require taxes to be paid in India, with some exceptions. The exceptions do not extend to foreign investors. Foreign investors coming through India-focused funds will have more than 50 per cent invested in Indian assets, experts point out. This could mean that investors in such funds would be taxed when they redeem their units.

Investors in such India-focused funds appear to be hit by these offshore transfer provisions. These funds, in such cases, are required to withhold appropriate taxes before paying redemption proceeds to investors. These nuances are likely to increase the administrative burden on India-focused FPIs, especially where the funds are listed and it is difficult to compute the withholding tax component on behalf of each investor.

New Problem for MARKET.................................
Well...............But, It'll Create Problem, after expiry only...........
SO, Go Long BINDAS..............!!





No. 1 will Remain No. 1 Always...........

BANK NIFTY LTP : 17526.85
BANK NIFTY FUTURE : Made a High of 17750.00, but not able to Close Above : 17730.00 Level.

Anyhow, Today's Once again, above 17730.00 Mark, you can Buy, BANK NIFTY FUTURE, above that Level, BANK NIFTY FUTURE, may try to hit, 17850.00 and than, 17910 too in Today's Trading Session.

More power, will be seen, If Bank Nifty future, manage to hit, 17993.00, above that Level,  It would be, 18300.00 and than, 18500 too in days to come.