The Market Adda

" TAXBASE , the ultimate Income Tax Software

noreply@blogger.com (Amit rao) — Tue, 03 Oct 2017 13:30:00 +0000

Hello guys,
Welcome to The Market Adda, a one stop portal for market analysis, the topic which we are going to cover today is about the income tax software through which the return of income is filled by the chartered accountants.
we are going to tell about TAXBASE which is the simple and accurate software for income tax calculation and filling purpose. so let us begin with the features first

The first and the needed feature this software provides is the record of data i.e we can keep the record of all assesses information e.g PAN details, aadhar number, date of birth .etc
It facilitates automatic login to the E-file website and filling of income tax return after furnishing the all the information

Taxbase facilitates computation of advance tax for all instalments based on estimated income and earlier advance tax installments paid. Taxbase facilitates online payment of such taxes. Estimated income may be a percentage increase over last year income or manual entry. Advance Tax Registers guide user to focus on tax payers who are liable for payment of advance tax and send reminders through email/ sms for payment of advance tax.

so these were some basic features of taxbase software for more information you can visit www.sinewave.co.in

What is Doji Pattern?

noreply@blogger.com (SAAHIL TATKARE) — Mon, 28 Aug 2017 19:13:00 +0000

Doji candlesticks look like a cross, inverted cross or plus sign. Alone, doji are neutral patterns that are also featured in a number of important patterns. A doji candlestick forms when a security's open and close are virtually equal for the given time period and generally signals a reversal pattern for technical analysts

BREAKING DOWN 'Doji'

There are two main forms of technical analysis: fundamental and technical. Fundamental analysts concentrate on measures that have to do with business performance such as sales and net income. Technical analysts, on the other hand, concentrate on patterns in the stock price. If the stock price is going up, it might be a sign that prices will continue to go higher and vice versa.

Technical analysts believe that all known information about the stock is reflected in the price, which is to say price is efficient. Still, past price performance has nothing to do with future price performance, and the actual price of a stock may have nothing to with its real or intrinsic value. Therefore, technical analysts use tools to help sift through the noise to find the highest probability trades. One tool that was developed by a Japanese rice trader named Homma from the town of Sakatar in the 17th century, and it was made popular by Charles Dow in the 1900s: the candlestick chart.

Infosys: Proposed Buyback

noreply@blogger.com (SAAHIL TATKARE) — Mon, 28 Aug 2017 19:03:00 +0000

Infosys has proposed a Buyback of about 4.92% of its total paid up Equity Share Capital i.e., around 11.30Cr Equity Shares. Also, it announced that some of it's promoters too intend to participate in Buyback. However, the said Buyback is yet to receive approval through special resolution by Postal Ballot.

What is Buyback?
Buyback basically refers to purchasing own Equity Shares from Equity Shareholders. The prime motto behind Buyback is reducing the excess Ownership, Increasing Earnings Per Share, etc.

Why ₹200 Banknotes?

noreply@blogger.com (SAAHIL TATKARE) — Thu, 24 Aug 2017 10:26:00 +0000

The optimal system of denominations of currency (coins and notes) is one that would minimize the number of denominations and concurrently increase the probability of proffering exact change. So, what should be the optimal mix of currency denominations? Many countries have opted to use a near variation of the Renard Series, i.e., 1:2 or 1:2.5 ratio between adjacent denominations of currency, which means that the denomination should be twice or two and half times of its preceding denomination.

Such a ratio allows exchange of value ordinarily in a maximum of three denominations. In India, we have currency denominations of 1, 2, 5, 10, 20, 50, 100, 500 and 2000. As such, in the lower end of the denomination series, 200 is the missing one.

RBI will issue bright yellow-coloured Rs 200 denomination banknotes tomorrow

noreply@blogger.com (SAAHIL TATKARE) — Thu, 24 Aug 2017 09:01:00 +0000

The Reserve Bank of India (RBI) will issue bright yellow-coloured Rs 200 denomination banknotes on August 25, the central bank today said.

In a notification, the banking regulator said, new Rs 200 notes will be issued in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R Patel, Governor, Reserve Bank of India from select RBI offices, and some banks.

The new denomination has Motif of Sanchi Stupa (from Madhya Pradesh) on the reverse, depicting the countrys cultural heritage. "The base colour of the note is Bright Yellow, RBI said on its website.

Introduction of a new currency denomination and design is done keeping in consideration various factors like ease of transactions for the common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting, RBI said.

Post demonetisation in November 2016, RBI had introduced new Rs 500 notes and for the first time Rs 2,000 denomination notes. Reports have suggested that Rs 2000 notes will be gradually phased out.

Initially, the new Rs 200 note will not be available at ATM kiosks. Disbursing the note through ATMs will need recalibration. The notes, thus, will be disbursed through bank branches across the country, just like the Rs 10, Rs 20, Rs 50 and coins of other denominations.

The Head And Shoulder Pattern in Stock Market

noreply@blogger.com (SAAHIL TATKARE) — Wed, 09 Aug 2017 19:07:00 +0000

What is a 'Head And Shoulders Pattern?'

In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.

'Head And Shoulders Pattern'

This pattern is comprised of three component parts:

1. After a long bullish trends, the price rises to a peak and subsequently declines to form a trough.

2. The price rises again to form a second high substantially above the initial peak and declines again.

3. The price rises a third time, but only to the level of the first peak, before declining once more.

The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.

Head and shoulders patterns can also signal that a downward trend is about to reverse into an upward trend. In this case, the stocks price reaches three consecutive lows, separated by temporary rallies. Of these, the second trough is the lowest (the head) and the first and third are slightly shallower (the shoulders). The final rally after the third dip signals that the bearish trend has reversed and prices are likely to keep moving up.

Tug-of-War

Stock prices are the result of a continuous game of tug-of-war; whether a stock's price goes up or down is the direct result of how many people are on each team. Those who believe a stock's price will go up are called bulls, and those who believe the stock will go down are called bears. If more of a stock's shareholders are bears, then its price will go down as they sell their shares to avoid losing money. If more people are bullish, then the price will go up as new investors buy in to take advantage of the opportunity.

The Head and Shoulders Story

Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears.

The initial peak and subsequent decline represent the waning momentum of the prior bullish trend. Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high (the head). At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend.

However, once price declines a second time and reaches a point below the initial peak, it is clear that bears are gaining ground. Bulls try one more time to push price upward, but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the bulls' defeat and bears take over, driving the price downward and completing the reversal.

Source: Investopedia

Market Analysis 2/08/2017

noreply@blogger.com (SAAHIL TATKARE) — Wed, 02 Aug 2017 18:46:00 +0000

The Nifty rallied to a fresh record high of 10,137.85 on Wednesday but saw selling pressure soon after the Reserve Bank of India (RBI) slashed key rates by 25 bps and made a bearish candle, which closely resembles a Bearish Belt Hold kind of pattern, on daily charts.

A Bearish Belt Hold pattern is formed when the opening price becomes the highest point of the trading day, which in Wednesdays trading session was a record high of 10,136.30 and rose slightly to a record high of 10,137.85. After opening, the index then witnesses selling pressure throughout the trading session.

In this pattern, there is small or no upper shadow and the index declines throughout the trading day which makes up for the large body and a small lower shadow.

In Wednesday's price action, Nifty50 opened at 10,136.30, which was slightly below its record high of 10,137.85. Hence, there was no or insignificant upper shadow.

It slipped over 80 points to touch its intraday low of 10,054.20 which made a slightly long lower shadow. The index bounced back from its 5-day exponential moving average placed at 10,061 to close at 10,081.50, down 33 points.

Traders are advised to stay long and initiate buy on dips strategy towards any fall towards 10,000 levels. Although, Bearish Belt Hold is a trend reversal pattern but doesn't go short in this market because it still requires confirmation.

As long as Nifty trades above 10,000 levels, the upside remains intact and investors can initiate long positions for the next possible target placed at 10,350 and keep a stop loss at 9,944.

The Nifty registered a Bearish Belt Hold kind of formation as market participants appear to have read the RBI Monetary policy as a neutral event. However, it is imminent for the index to sustain above 10,087 levels in the next trading session to prevent damage to the short-term trend.

Real Estate Regulation Act, 2016

noreply@blogger.com (SAAHIL TATKARE) — Sun, 30 Jul 2017 12:40:00 +0000

The Real Estate (Regulation and Development) Bill, 2016 was introduced by Dr. Girija Vyas, Minister of Housing and Urban Poverty Alleviation in 2013. The Union Cabinet of India approved 20 major amendments to the Bill upon Rajya Sabha’s recommendations, in 2015. It then finally got approved by the Rajya Sabha and the Lok Sabha on 10th and 15th March, 2016, respectively and finally became an Act in May, 2016.

What is It?
RERA aims to create a regulatory body for the real estate sector. The main aim of the Act is to protect the interest or buyers and promote timely delivery of properties or projects. In order to achieve this, registration of the projects covering either more than 500 sq. ft. land or involving at least eight apartments has been made compulsory. The builder or “promoter” will need to furnish the details of the project online and this information would be available to the public. Earlier, builders used to include extra spaces in the carpet area and charged buyers 20-30 per cent more than what would have been the charge on actual carpet area. Unaware buyer also used to pay the asked amount. The RERA specifically defines the carpet area to avoid unaware buyers to fall prey to the promoters’ tactics. Next, promoters would be required to keep 70 per cent of the amount received from buyers in a separate escrow account and would be allowed to use that money only for the development of the project for which the money has been paid. This will not only ensure speedy development of the project but will also dissuade promoters to misallocate the funds. Last but not the least, promoters would need to get various approvals from all the competent authorities before starting off with a project. This will ensure buyers’ protection from future legal issues.

Why RERA?
Industries like telecom, banking, stock markets, insurance, pension, film, FDI, food, cricket, etc. all have regulators in the name of TRAI, RBI, SEBI, IRDAI, PFRDA, CBFC, FIPB,FSSAI and BCCI, respectively. However, the sector which has the third largest contribution to GDP, which attracts most of our investments and which is the root cause of black money and corruption, is ironically not regulated. The sector I’m referring to is real estate where lacks and crores of black money exchange hands. Buyer pays in unaccounted cash to lower the registration amount and hence, stamp duty and seller demands money in cash to evade taxes. The use of black money in realty transactions creates a win-win situation for both the parties.
RERA aims to solve all these problems by making the transactions transparent. Compulsory registration and revelation of details of the properties will narrow the trust deficit in real estate industry and improve transparency. Moreover, timely delivery of projects will lead to an increased demand. People currently fear investing in real estate because the projects are not completed for years and their money remains locked. Now since RERA promises timely delivery of projects, demand is expected to increase and this will also lead to decrease in inventory levels. Currently on of the reasons for high prices is high inventory. When the inventory will decrease, prices will automatically decrease, triggering even more rise in demand. In nutshell, the cycle of real estate where inventories, prices, supply, demand and interest rate chase each other, will run smoothly and in a balanced way!

Market Analysis 28/07/2017

noreply@blogger.com (SAAHIL TATKARE) — Fri, 28 Jul 2017 18:43:00 +0000

At the closing bell today, Sensex fell by 73.42 pts and arrived at 32309.88 pts. The intraday index was below 32300 pts. Nifty closed at 10014.50 pts at the closing bell, thus, showing a bearish candle. As experts said earlier days that a downfall will be seen for next few sessions at Nifty index, today the bearish candle was finally seen at Nifty.
Gold prices surged by ₹113 to arrive at ₹28443/10gms while USD was ₹64.15 (surged by ₹0.05). Crude Oil rised by ₹28 is currently ₹3145/barrel.

Market Analysis 26/07/2017

noreply@blogger.com (SAAHIL TATKARE) — Wed, 26 Jul 2017 18:17:00 +0000

At the closing bell today, Sensex rised by 154.19 pts and arrived at 32382.46 pts. The intraday index was somewhere above 32400 pts. Amongst the top gainers were the Tata Steel with 2.22% rise, Sun Pharma with 2.08% rise, ICICI by 2.07%. Other gainers were the Cipla, M&M, Hindustan Unilever, etc. Nifty finally crossed 10000 mark today to arrive at 10020.55 pts at the closing bell and leaves a historic impression of crossing the said 10000 mark. Though experts say that a downfall will be seen for next few sessions at Nifty index, still today the bullish candle was seen at Nifty. However, a continuous bullish candle may not end for long period and hence the bulls are adviced to be cautious. Bajaj Finance, Yes Bank, Godrej, etc. were amongst the top gainers while the top losers were Idea Cellular, Axis Bank, Pidilite Industry, Shriram Transport, etc.
Gold prices fell by ₹75 to arrive at ₹28327 while USD was ₹64.36 (fell by ₹0.02). Crude Oil rised by ₹44 is currently ₹3082/barrel.

IMF keeps India's outlook unchanged

noreply@blogger.com (SAAHIL TATKARE) — Tue, 25 Jul 2017 20:41:00 +0000

The International Monetary Fund (IMF) kept its outlook for growth in India unchanged at 7.2% in 2017-2018 and 7.7% in 2018-2019,according to the latest update of the fund's World Economic Outlook released on July 24.The Indian economy expanded by 7.1% in 2016-2017.The fund revised upwards its growth for China and Japan,although India remains the fastest growing major economy in the region and the world.

Market Analysis 25/07/2017

noreply@blogger.com (SAAHIL TATKARE) — Tue, 25 Jul 2017 14:11:00 +0000

Sensex slipped by 17.60 pts today and arrived at 32228.27 pts. The intraday index was somewhere between 32230 and 32225. Amongst the top gainers was the Axis bank with 1.96% rise, Bharti Airtel with 1.76% rise, TCS (1.50%), Tata steel and Adani Ports SEZ, etc. Nifty finally crossed 10000 mark today to give a historic touch today. However, it slipped by 1.85 pts as compared to last day index to arrive at 9964.55 pts at the closing bell. Experts say that a downfall will be seen for next few sessions too at Nifty index. Idea Cellular, Vedanta ltd, Shriram Transport, etc. were amongst the top gainers while the top losers were Zee Entertainment, Power Finance Corporation, Glaxosmithkline Pharmaceuticals, etc.
Gold prices fell by ₹6 to arrive at ₹28423 while USD was ₹64.38 (rised by ₹0.04). Crude Oil rised by ₹55 is currently ₹2987/barrel.

Market Analysis Date: 24/07/2017

noreply@blogger.com (SAAHIL TATKARE) — Mon, 24 Jul 2017 18:47:00 +0000

Today, Sensex showed the upward trend at the closing bell with 216.98 pts to end at 32245pts. Further, Nifty50 showed the bullish trend by crossing it's all time high strike price of 9928 and ended at 9966. Support from bears is found to be ranging between 9850 to 9880 and Bulls support and uprise to 10000 to 10100. A fall in Gold price by ₹14 was found where the Gold price arrived at ₹28539/10gms. USD rised by ₹0.01 and it at ₹64.335 today. The Crude oil surged to ₹2944/barrel today.

Six Telecom Companies under- reported revenue by over 61000 crores: CAG (Comptroller and Auditor General)

noreply@blogger.com (SAAHIL TATKARE) — Sat, 22 Jul 2017 15:28:00 +0000

The CAG audited six telecom companies- Bharti Airtel,Vodafone, Aircel,Idea,Reliance Communications and Sistema Shyam Teleservices Ltd- and said that they have under-reported their Adjusted Growth Revenue(AGR) by Rs 61064 crores during 2010-2015.CAG said that the under-reporting has reduced the governments revenue in form of Spectrum Charges and Licensing by Rs 7697.6 crores. According to the CAG report,the netting of revenue from infrastructure sharing and exclusion of foreign exchange gains,interest income and sale of investments lead to the understating of revenue. An amount of Rs 4531 crores as interest arising out of short term payments is also due.As per the New Telecom Policy of TRAI ( Telecom Regulatory Authority of India) telecom companies are mandated to share a percentage of their Adjusted Gross Revenue (AGR) with the Government.In addition,the telecom companies were required to pay Spectrum Usage Charges to use the radio frequency spectrum allotted to them by the Government.

DEMONETISATION:Digital Transactions shows a declining trend since March,2017

noreply@blogger.com (SAAHIL TATKARE) — Fri, 21 Jul 2017 17:08:00 +0000

The Number of digital transactions which grew significantly in the aftermath of demonetisation last year,has started declining since March,2017 according to official data of PTI (Press Trust of India).The number of digital transactions has come down from 119.07 crore in March,2017 to 118.01 crore in April and further to 111.45 crore in May.P.P Chaudhary,MoS (Minister of State) for Electronics and Information Technology said in a written reply in the Lok Sabha (Lower House of the Parliament)

Major Tax Updates As On 20th July 2017

noreply@blogger.com (SAAHIL TATKARE) — Thu, 20 Jul 2017 18:33:00 +0000

MAJOR TAX UPDATES

Income received by the Assessee from letting of the premises - premises are furnished and centrally air conditioned - ITAT was correct in holding that the rental income should be treated as income from other sources - deduction in terms of Section 57 (iii) allowed - HC - Income Tax

NO TDS on GST component - wherever the component of GST on services is indicated separately in the Invoice - tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid or payable without including such GST on services component - Circular - Income Tax

Just because appellant carried out ancillary activities of loading unloading etc. which is not the essential character of the activity contracted to him but only ancillary to the main work of transportation of break-bulk cargo it would not be just and proper to bring such activity within the fold of Cargo Handling Service . - Service Tax

Market Analysis 20/07/2017

noreply@blogger.com (SAAHIL TATKARE) — Thu, 20 Jul 2017 17:44:00 +0000

Market Analysis

Date:20/07/2017

Today the Sensex was down by 50.95 pts at the closing bell. It landed slightly below 31900 at intra day and ended at 31904.50.
Nifty50 again failed to cross it's lifetime high of 9928 and fell down by 26.30 pts at 9873.30. At options market maximum pit was seen at 9800 level whereas maximum call was seen between strike price of 10000 and 9800. Experts state that both Bulls and Bears are making great efforts to cross the Nifty it's lifetime high of 9928. Axis Bank Bajaj Finance were amongst the top gainers while HPCL and Cadila Healthcare were the top losers today.
Further, there was a rise by INR 0.14 in USD which ended at INR 64.43 today. Crude oil rised to ₹3031 per barrel still showing a downward trend at closing bell. Gold rised by ₹90 to attain the position of ₹28347/10gms.

RERA (Real Estate Regulation Act) may be notified by all states by July end

noreply@blogger.com (SAAHIL TATKARE) — Wed, 19 Jul 2017 19:26:00 +0000

RERA (Real Estate Regulation Act) may be notified by all states by July end

Date:19/07/2017

RERA is Real Estate Regulation Act which is enacted to protect the intrests of property buyers and to make available affordable housing.
As per the inputs of Rajiv Ranjan Mishra, Joint Secretary of Ministry of Housing and Urban Affairs, RERA has been already notified by 21 States and is in finalising stage in some 5-6 States.

Market Analysis: 19/07/2017

noreply@blogger.com (SAAHIL TATKARE) — Wed, 19 Jul 2017 18:54:00 +0000

Market Analysis

Date:19/07/2017

The Sensex rised by around 244.36 pts..Nifty too rised with a boom by 72.45pts. Experts predict that said upward trend in Nifty may touch 9500 to 10000 mark however, if the market faces downfall then it might end up around 8500-8800.
However, Gold again slipped to ₹28198/10gms, still showing the downfall. Crude oil raised from ₹2962 to ₹2985 per barrel.
USD showing a downward trend by INR 0.05 and the downward trend since Saturday continues.

Welcome to Market Adda!

noreply@blogger.com (SAAHIL TATKARE) — Fri, 19 May 2017 20:51:00 +0000

Hey there! Welcome to The Market Adda, a one stop portal for market analysis, Tax updates analysis, Economic and Monetry Policies Analysis, Financial news and Beginners Finance knowledge Guide. The Market Adda is a multi-area finance blog by passionate Finance Students with the aim of simplifying the market analysis for layman and beginners. Keep checking out regularly to stay updated!