Budget 2011 and its Impact on stock market with free tips : 01 Mar

Prananb Mukherjee has a record to his name with 6th finance budget presentation. However he failed to make any impact as budget was neither radical nor path-breaking and same was not expected from Finance Minister Pranab Mukherjee who is known to satisfy people to a great extent. Nifty looks up above the level of 5200 and faces resistance at 5450 level. Thus keep watch on these levels and than only commit your funds indiviudally else make use of stock specific opportunities and make money with us daily in the market. Market cheered the budget initially, however euphoria died down by the end of the day. This euphoria can be attributed to opening of domestic equity mutual funds for the foreign investors . This could be seen as the government's response to boost foreign investment in the country. Market also welcomed fiscal deficit – concern as it has been brought down to 5.1% for FY11 and it is less than market expectations. The market breadth was positive with advances at 741 against declines of 546 on the NSE and thus to take advantage of same in intraday make use of the nifty jackpot tips and make winning stock trades a habit and remember success begets success. Remember to go for delivery tips to get benefitted from stocks which have got benefitted by virtue of the fine print of the budget not known to public.

 

in his Budget 2011-12, FM has tried to appease individual income tax payers looks at the budget for the income tax relief and they  have a reason to cheer with a higher basic deduction of Rs 1.8 lakh and 30% tax payer bracket person gets a relief of Rs 6000 and least a taxpayers gets is Rs 2,000. Senior citizens aged above 80 gets an even higher IT exemption limit of Rs 5 lakh.

Male individual taxpayer

Slabs (Rs)	Rate
1,80,000	Nil
1,80,000-5,00,000	10%
5,00,000-8,00,000	20%
8,00,001	30%

Female Tax Payer Rates Effective 01 Apr 2011

As we can see that Prananb Mukherji has tried to remove disparity among the gender by marginally increasing the income tax rate for the ladies. We fail to understand that why this unequal treatment when we are harping on equal rights for all the genders. Senior citizens have also got a partial relief with new tax slab raising tax free income to 2,50000.

These all are small drops to cater for the inflation monster which is rising at a phenomenal pace. No doubt income tax limits is a good tool in the hands of the Finance minister which helps him to stimulate the economy as it leads to more cash in hand with the user and in turn drives up the demand.

 

Housing is another sector which has been given stimulus as 1% interest rebate has been given for loans upto Rs 15 lakh on houses costing up to Rs 25 lakh. Loans upto Rs 25 lakh will qualify as priority sector loans (against Rs 20 lakh now). A single housing loan revives close to 165 industries and it is a welcome step and will atleast ensure a decent living for a salaried class personnel after retirement.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5242-5118	5450-5525
Sensex	17469	18000-18400

Jackpot Tip Profit

Stock	Profit (Rs)
Tip only given to Die hard Traders in View of Budget intra day volatility.	1450(Rs 50,000 Trading)

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Share	Gains (Rs)
Tips	31890

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NSE Nifty 50 Stocks	Made Money (Rs)
Tipz	46850

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Strong future shares at National stock exchange

Welcorp, ITC, Canara Bank, HDIL, Nat Alum, Cairn, BRFL, Dabur India, Pir Health & Core Protect.

Weak future stocks  at NSE

Mphasis, Patel Eng, DCHL, Aurobindo Ph, Punjlloyd, BGR Energy, Rcom, Unitech, GT Offshore & KFA.

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If you like our post than do not forget to refer our share tips which is your daily free tips blog to your friends and colleagues. Among the major budget proposals, the finance minister announced infra status for the fertilizer sector investments and cold storage chains, assured steps to simplify the tax and tariff procedures and the service tax refunds process. He proposed to issue infra bonds worth Rs 30,000 crore to boost the infrastructure sector and said the government would raise Rs 40,000 crore from disinvestment program in 2011-12. You can find more info related to the share markets of India by searching with the following keywords on the site by using the Google tool as given on the financial blog cum website.

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