1) The HDFC bank and Kotak Bank cut their previous 52 week high, and made a new 52 weeks high.
2) NBFC (Bajaj finance, Aavas, Arman finance) will soon cut their previous 52 weeks high and will make a new high.
3)BTC: either it can go to 0 or it will become a Million $ currency.
My hypothesis for todayโs budget:-
1) This budget would be in favour of middle class.
2) FM has to lower down the LTCG tax to attract big fat investors
3) Private banks, FMCG, NBFC are poised for recovery.
4) N50 will be rebound from this point. It is poised for 12-15% recovery.
1) No tax upto 12 lacs, great relief for middle class taxpayers.
2) FMCG stocks are on fire post budget announcement. HUL, NESTLE up by 5%
3) N50 recovery has been started.