US markets ended mixed.
Europe markets ended lower.
Asian markets opened lower.
Expect Indian market rangebound.

Nifty Support & Resistance :

R 2 5435.05
R 1 5401.55
Pivot *5363.40*
S 1 5329.9
S 2 5291.7

Day Trading Idea :

ONGC : Buy above for target of 284 for target of 287 & 290 S/L 280.

US markets ended mixed.
Europe markets ended mixed.
Asian markets opened in Green.
Expect Indian market in Green.

Nifty Support & Resistance :

Day Trading Idea :

MOIL Ltd. Buy above 266 for target of 270 & 273 S/L 262.
Thermax : Buy above 489 for target of 493 & 498 S/L 484.

Time to Invest Big in Infrastructure: Infrastructure Bonds – Mr. Suneet Maheshwari, CEO, L&T Infrastructure.

Mr. Suneet Maheshwari, CEO of L&T Infrastructure Finance Company Limited which opened Tranche 2 of its tax saving infra bonds, expects huge infrastructure investments in India over the next 5 years . While highlighting the strong future prospects of infrastructure sector in India, he said that Infrastructure bonds are a boon to the economy and the tax payers.

Infrastructure bonds are gaining popularity as a tax saving instrument amongst the various debt options. With yields on government securities beginning to moderate, interest rates (which are linked to gilt yields) on future bond issues may not be as high as compared to the current issues. Already, rates on the current tranche of issues are lower than what was offered a month or two ago.

Know more about L&T Infra Bonds

US markets ended in Red.
Europe markets ended in Red.
Asian markets opened in Green.
Expect Indian market flat to Green.

Nifty Support & Resistance :

R 2 5199.45
R 1 5143.3
Pivot *5110.00*
S 1 5053.85
S 2 5020.55

Day Trading Idea :

L & T : Buy above 1321 for targets of 1331 & 1342 S/L 1310

Tax saving has become an integral part these days. More and more people are looking out to save taxes. Government is encouraging the activity which has dual benefits as the money received by this would be used for infrastructure financing and also enables savings by people. For this GOI came up with the concept of Infrastructure Bonds.

The concept of Infrastructure Bonds was coined last fiscal by RBI through a circular on February 12, 2010 through which they decided to introduce a category of NBFC as “Infrastructure Finance Companies” (IFC).

Investment in Infrastructure Bonds issued by IFC are exempt from tax up to Rs 20,000 under section 80CCF of income tax act. This exemption is in addition to Rs 1,00,000 exemption under section 80C.

Benefits: By investing in these bonds, you can get a deduction of Rs 20,000 over and above the Rs 1 lakh that is generally allowed. (u/s 80 CCF)

Returns: Most of these bonds provide with 9% annual interest. Offered in both cumulative and non-cumulative mode.

With yields on government securities beginning to moderate, interest rates (which are linked to gilt yields) on future bond issues may not be as high as the current ones. Already, rates on the current tranche of issues are lower than what was offered a month or two ago.

This makes the bonds a good option if you have not already exhausted the Rs 20,000 limit by investing in previous bond offers.

To get the maximum benefit, go for the cumulative option. This option accumulates interest instead of paying it out every year. This means interest gets re-invested at the bond`s coupon rate.

IDFC, L&T, PFC, SREI & REC Infra have launched their tax saving long term bonds issue which offer high safety and attractive long term yields.

Disclaimer – Please read all scheme information documents/prospectus before investing.

US markets ended in Red.
Europe markets ended in Red.
Asian market opened in Red.
Expect Indian market flat to Red.

Nifty Support & Resistance :

R 2 5249.3
R 1 5227
Pivot *5194.70*
S 1 5172.4
S 2 5140.05

Day Trading Idea :

Bank of Baroda: Buy above 767 for target of 775 & 780 S/L 759.
Ranbaxy Lab : Buy above 450 for target of 456 & 461 S/L 444.

US markets ended mixed.
Europe markets ended in Red.
Asian markets opened in Green.
Expect Indian market in Green.

Nifty Support & Resistance :

R 2 5197.3
R 1 5162.3
Pivot *5106.05*
S 1 5071.05
S 2 5014.8

Day Trading Idea :

Grasim : Buy above 2502 for target of 2511 & 2521 S/L 2489.
Siemens : Buy above 765 for target of 770 & 776 S/L 758.

Happy Investing.

US markets ended mixed.
Europe markets ended in Red.
Asian markets opened flat.
Expect Indian market rangebound.

Nifty Support & Resistance :

R 2 5098.8
R 1 5073.7
Pivot *5039.00*
S 1 5013.85
S 2 4979.15

Day Trading Idea :

Crisil : Buy above 895 for targets of 902 & 908 S/L 887.

Happy Investing.

US markets ended in Green.
Europe markets ended in Green.
Asian markets opened in Green.
Expect Indian market in Green.

Nifty Support & Resistance :

R 2 5043.6
R 1 5031
Pivot *5011.20*
S 1 4998.55
S 2 4978.75

Day Trading Idea :

LIC Housing : Buy above 240 for target of 243 & 247 S/L 236.
M & M : Buy above 678 for target of 683 & 687 S/L 672.

US markets ended in Green.
Europe market ended in Red.
Asian market opened in Green.
Expect Indian market flat to Green.

Nifty Support & Resistance :

R 2 4900.05
R 1 4865.6
Pivot *4834.75*
S 1 4800.3
S 2 4769.45

Day Trading Idea :

Colgate : Buy above 964 for target of 970 & 975 S/L 955.