Indiaโs GST collection hits record โน2.37 Lakh Cr in April 2025! ๐ฎ๐ณ
YoY Growth: 12.6% โ Highest Ever
Break-up:
โข Domestic: โน1.90 L Cr (๐ผ 10.7%)
โข Imports: โน46,913 Cr (๐ผ 20.8%)
โข Refunds: โน27,341 Cr (๐ผ 48.3%)
โข Net Collection: โน2.09 L Cr (๐ผ 9.1%)
Solid indicator of strong economic activity!
YoY Growth: 12.6% โ Highest Ever
Break-up:
โข Domestic: โน1.90 L Cr (๐ผ 10.7%)
โข Imports: โน46,913 Cr (๐ผ 20.8%)
โข Refunds: โน27,341 Cr (๐ผ 48.3%)
โข Net Collection: โน2.09 L Cr (๐ผ 9.1%)
Solid indicator of strong economic activity!
Above Stocks
NIFTY buy zone only above 24365 lelvels
above this level today, and it blasted
Nifty 200+
Nifty 200+
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๐ Bearish Market Outlook โ Next 30 Days ๐ป
๐จ Key Triggers:
- โน40,000 Cr promoter selling in last 7 days โ major red flag
- Nifty stuck below 25,100 for 3 weeks โ strong resistance
- FII buying drying up significantly
- All good news priced in โ no fresh positive triggers
โ ๏ธ Risk Factors:
- Rising bond yields
- Tariff tensions & global recession fears
- Surging commodity prices reigniting inflation
๐งญ Strategy:
- Sell on every rise
- Avoid misreading intraday bounces โ trend remains down
- Target: Nifty may slide to 24,000 or below unless it decisively crosses 25,300
โณ Next 30 days favor sellers โ caution advised for buyers!
๐จ Key Triggers:
- โน40,000 Cr promoter selling in last 7 days โ major red flag
- Nifty stuck below 25,100 for 3 weeks โ strong resistance
- FII buying drying up significantly
- All good news priced in โ no fresh positive triggers
โ ๏ธ Risk Factors:
- Rising bond yields
- Tariff tensions & global recession fears
- Surging commodity prices reigniting inflation
๐งญ Strategy:
- Sell on every rise
- Avoid misreading intraday bounces โ trend remains down
- Target: Nifty may slide to 24,000 or below unless it decisively crosses 25,300
โณ Next 30 days favor sellers โ caution advised for buyers!
๐ Chart Analysis (#SBICARD - NSE)
๐ธ Key Resistance Level:
The stock is approaching a major resistance zone around โน925โโน940, which has been tested multiple times in the past (notably in 2021 and 2022) and rejected.
This level previously acted as support in 2021 and then flipped to resistance after breakdown.
๐ธ Cup & Handle Pattern Forming:
A cup and handle pattern seems to be forming on the weekly timeframe โ a bullish continuation pattern.
The stock has completed the โcupโ phase and is attempting to break out. If it clears the โน940 zone with good volume, a strong uptrend could follow.
๐ Conclusion:
SBICARD is currently at a critical resistance level near โน925. A breakout with volume confirmation could trigger a bullish move, validating the cup & handle breakout. However, caution is advised unless a decisive close above โน940 is seen on the weekly chart.
๐ธ Key Resistance Level:
The stock is approaching a major resistance zone around โน925โโน940, which has been tested multiple times in the past (notably in 2021 and 2022) and rejected.
This level previously acted as support in 2021 and then flipped to resistance after breakdown.
๐ธ Cup & Handle Pattern Forming:
A cup and handle pattern seems to be forming on the weekly timeframe โ a bullish continuation pattern.
The stock has completed the โcupโ phase and is attempting to break out. If it clears the โน940 zone with good volume, a strong uptrend could follow.
๐ Conclusion:
SBICARD is currently at a critical resistance level near โน925. A breakout with volume confirmation could trigger a bullish move, validating the cup & handle breakout. However, caution is advised unless a decisive close above โน940 is seen on the weekly chart.
๐ #RITES Ltd (NSE) is showing strong momentum on the daily chart! ๐ฅ
๐น Price just broke out above a key resistance zone of โน290โโน295 with heavy volume ๐ช
๐ Closed at โน299.50 today, up by +6.95% ๐
๐ This zone acted as a supply area earlier, and now a breakout here could lead to higher targets if it holds above โน295 ๐๐ฅ
๐น Price just broke out above a key resistance zone of โน290โโน295 with heavy volume ๐ช
๐ Closed at โน299.50 today, up by +6.95% ๐
๐ This zone acted as a supply area earlier, and now a breakout here could lead to higher targets if it holds above โน295 ๐๐ฅ