*Save Capital gain*
Important Dates and Strategy
Dear Valued Clients,
As we approach the end of March 2024, I wanted to bring to your attention a tax loss harvesting opportunity given the current market conditions. With the markets experiencing a downturn and holidays scheduled from March 28th to March 31st, it's an ideal time to consider optimizing your investment portfolio.
Here's the proposed strategy:
Sell Loss-Making Stocks: We recommend selling any stocks that are currently experiencing losses on or around March 25th . This timing aligns with the market conditions and allows for strategic tax loss harvesting.
Repurchase Stocks: Following the holidays, we advise repurchasing the same stocks on April 1st or 2nd. It's crucial to not repurchase them on the same day to ensure it's considered as an intraday transaction, maintaining compliance with tax regulations.
By implementing this strategy, you can potentially offset capital gains with capital losses, thus reducing your tax liability.
Important Dates and Strategy
Dear Valued Clients,
As we approach the end of March 2024, I wanted to bring to your attention a tax loss harvesting opportunity given the current market conditions. With the markets experiencing a downturn and holidays scheduled from March 28th to March 31st, it's an ideal time to consider optimizing your investment portfolio.
Here's the proposed strategy:
Sell Loss-Making Stocks: We recommend selling any stocks that are currently experiencing losses on or around March 25th . This timing aligns with the market conditions and allows for strategic tax loss harvesting.
Repurchase Stocks: Following the holidays, we advise repurchasing the same stocks on April 1st or 2nd. It's crucial to not repurchase them on the same day to ensure it's considered as an intraday transaction, maintaining compliance with tax regulations.
By implementing this strategy, you can potentially offset capital gains with capital losses, thus reducing your tax liability.
Nifty Futures :
S1 - 22000 S2 - 21850
R1 - 22300 R2 - 22430
BankNifty Futures :
S1 - 46700 S2 - 46400
R1 - 47150 R2 - 47400
FinNifty Futures :
S1 - 20715 S2 - 20630
R1 - 20880 R2 - 20960
MIDCPNIFTY :
S1 - 10350 S2 - 10290
R1 - 10460 R2 - 10550
S&P BSESENSX :
S1 - 72500 S2 - 72100
R1 - 73300 R2 - 73700
Nifty Highest Open Interest (28th Mar Monthly expiry) : Call: 23000 / Put : 22000
S1 - 22000 S2 - 21850
R1 - 22300 R2 - 22430
BankNifty Futures :
S1 - 46700 S2 - 46400
R1 - 47150 R2 - 47400
FinNifty Futures :
S1 - 20715 S2 - 20630
R1 - 20880 R2 - 20960
MIDCPNIFTY :
S1 - 10350 S2 - 10290
R1 - 10460 R2 - 10550
S&P BSESENSX :
S1 - 72500 S2 - 72100
R1 - 73300 R2 - 73700
Nifty Highest Open Interest (28th Mar Monthly expiry) : Call: 23000 / Put : 22000
FIRST WALLET FINANCIAL SERVICES
BUY BANKNIFTY 46500PE CMP 155-160 TGT 210 SL 110
AVERAGE AT CMP 105-110 AND REVISE THE SL TO 90
Nifty Futures :
S1 - 21900 S2 - 21750
R1 - 22200 R2 - 22330
BankNifty Futures :
S1 - 46450 S2 - 46050
R1 - 47000 R2 - 47400
FinNifty Futures :
S1 - 20850 S2 - 20750
R1 - 21000 R2 - 21100
MIDCPNIFTY :
S1 - 10400 S2 - 10300
R1 - 10560 R2 - 10650
S&P BSESENSX :
S1 - 72200 S2 - 71900
R1 - 72700 R2 - 73000
Nifty Highest Open Interest (28th Mar Monthly expiry) : Call: 22500 / Put : 22000
S1 - 21900 S2 - 21750
R1 - 22200 R2 - 22330
BankNifty Futures :
S1 - 46450 S2 - 46050
R1 - 47000 R2 - 47400
FinNifty Futures :
S1 - 20850 S2 - 20750
R1 - 21000 R2 - 21100
MIDCPNIFTY :
S1 - 10400 S2 - 10300
R1 - 10560 R2 - 10650
S&P BSESENSX :
S1 - 72200 S2 - 71900
R1 - 72700 R2 - 73000
Nifty Highest Open Interest (28th Mar Monthly expiry) : Call: 22500 / Put : 22000
Nifty Futures :
S1 - 22450 S2 - 22350
R1 - 22660 R2 - 22800
BankNifty Futures :
S1 - 47700 S2 - 47400
R1 - 48100 R2 - 48400
FinNifty Futures :
S1 - 21250 S2 - 21150
R1 - 21400 R2 - 21480
MIDCPNIFTY :
S1 - 10620 S2 - 10550
R1 - 10750 R2 - 10840
S&P BSESENSX :
S1 - 73800 S2 - 73500
R1 - 74200 R2 - 74550
Nifty Highest Open Interest (4th Apr Weekly expiry) : Call: 22500 / Put : 22300
S1 - 22450 S2 - 22350
R1 - 22660 R2 - 22800
BankNifty Futures :
S1 - 47700 S2 - 47400
R1 - 48100 R2 - 48400
FinNifty Futures :
S1 - 21250 S2 - 21150
R1 - 21400 R2 - 21480
MIDCPNIFTY :
S1 - 10620 S2 - 10550
R1 - 10750 R2 - 10840
S&P BSESENSX :
S1 - 73800 S2 - 73500
R1 - 74200 R2 - 74550
Nifty Highest Open Interest (4th Apr Weekly expiry) : Call: 22500 / Put : 22300