Manish Damani

[MANISH_DAMANI]

Buy crude at 5141 profit and wait for another call

 

[MANISH_DAMANI]

Covered at 5141 those kept 5 points traill could atleast get10 points

 

[MANISH_DAMANI]

Sell again at 5155 with same sl

 

[MANISH_DAMANI]

book profit at5143 12 points total 24 -25 points profit

 

[MANISH_DAMANI]

usually we are discussing here commodities but as u requested for advice so after watching charts SBI is showing bollinger band break down. If you have already shorted then be in trade with SL of rs 2453 (20 ema) if 2384 (50 Ema ) breaks then futher downside could be seen.

Tata Motors: If you are shorted then be in trade with SL of rs 300.70 as same bollinger band break down and 20-50 ema crossover will happen in future then good fall expected.

Icici-Rs 1150 is 50 ema support if that breaks then bollinger band could also show some sign of more fall till now 1150 could be good support.
Wipro: Chart pattern is not so exciting for both buy /sell so no comments.

Above are rough views and opinion is made after watching free EOD charts of I CHARTS. IF in future if start NSE charts in AMI then possible more better idea could be gained. Till now its a rough as nifty rally seems over stretched it could test 5800(20 ema in weakly chart) -5850 in near future of 1-2 months even more as from 4800 no big correction come except that crash of single day . SO those who wants to buy for long run should wait for correction dont run after these TV guys and buy good stocks like above.Its my personal opinion based on technical charts only.

As told all stocks has fallen after that as recommended.

 

[MANISH_DAMANI]

Manish & other senior members,

I have few questions:
1. How the tax is computed for commodities - that too when scalping is done on day to day basis?

2. I see that as commodity trader one hits 1 Crore turnover in a months time (scalping). What are the implications on a individual salaried person?

Kindly advise.

Look for commodities and stock futures rules are same. You have to take your net plus/ minus for example your net profit for first day is rs 10000 but next day your loss is rs 15000 so your turnover be rs 25000 for 2 days as per income tax rules. This profit is buy rate- sell rate( note no brokerage or other charges will be included in turnover calculation only pure profit and loss). Hardly matters you are a scalper. You have to file ITR-4. :thumb:

 

[MANISH_DAMANI]

buy crude at 5118. sl 5110 targte 10-15 points or more

 

[MANISH_DAMANI]

use any bounce in copper for sell.

 

[MANISH_DAMANI]

exit trade at 5121 3 points profit .Seems risky to hold. now

 

[neerav thakkar]

exit trade at 5121 3 points profit .Seems risky to hold. now

its going down n down...will inventories help ???