WEEKLY EQUITY NEWSLETTER 14TH JULY TO 19TH JULY 2019
Weekly market Prediction @The GRS Solution
Equity benchmark indices Sensex and Nifty ended lower in the volatile session on Friday with markets witnessing selling pressure in the last hour of trade as investors awaited the release of inflation and industrial production data. The domestic markets clocked their worst weekly losses since May 12.
Indias retail inflation likely reached an eight-month high in June on rising food prices but stayed under the Reserve Bank of Indias medium-term target of 4 % for an eleventh straight ..
The Finance NSE -1.19 % Ministry Friday said that it will look into the applicability of 20 % tax proposed in the 2019-20 Budget on the current share buybacks by listed companies.
Finance Secretary Subhash Chandra Garg, speaking at a CII event, said the proposed tax on listed companies is aimed at discouraging share buybacks and encouraging investments. Asked if the government would consider grandfathering those share buybacks which are already underway from the proposed.
Share buybacks offer a route for companies to return some wealth to their shareholders, while potentially boosting their stock prices. In a share buyback, a company will absorb or retire the repurchased shares, and rename them as treasury stock.
Buying back stock is also a route to make a business look more attractive to investors. By reducing the number of outstanding shares, companys earnings per share ratio are automatically increased.
NIFTY TOP GAINERS/LOOSERS
Recommendation: - Nifty is DOWN-63 point close at 11538. AROON INDICATOR shows BUY single. So, trader can make their position BUY ABOVE 11500 TG-11600 TG-11700 TG-11800 SL-11250
CNX BANK NIFTY
Recommendation: - Nifty bank down 185 points close at 31717. AROON INDICATOR shows BUY single. So, trader can make their position BUY ABOVE 30500 TG-30650 TG-30800 TG-31950 SL-30200
CALL OF THE WEEK:-
RECOMMENDATION – AS YOU SEEN IN THE CHARTS THAT AROON SHOWS BUY SIGNAL SO TRADER CAN MAKE THEIR POSITION ABOVE 220 TG-225 TG-230 TG-235 SL-210
RECOMMENDATION – AS YOU SEEN IN THE CHARTS THAT AROON SHOWS BUY SIGNAL SO TRADER CAN MAKE THEIR POSITION ABOVE 575 TG-585 TG-595 TG-605 SL-555
Its views and tips by experts its a study of the market we present and we dont assure you happen, its predictions, and website or its management dont responsible for it. TheGRSsolution.com advises users to get Register with the company - THE GRS SOLUTION and trade with certified experts before taking any investment decisions.
" We help people to achieve their dreams! "
Plus specialist, intraday master, I think these are also the names of The GRS Solution. Believe me, their Plus is real Plus call in terms of return, and their intraday call in cash and future are awesome. Keep rocking.
I am very very impressed to their service. Now I start earning money only because of The GRS Solution. Their updates and follow up calls are just amazing. I hope that The GRS Solution always maintain same accuracy.