UNITED SPIRITS (MC DOWELLS) Stock Tips - After strong selling , stock is now moving up from strong support. (Updated On 14th July 2014, Monday).

• UNITED SPIRITS (MC DOWELLS) , after strong selling from 2900 , stock is moving up from strong support line 2250, chart indicates as long as stock holding this support line stock can move up from current levels.
• Daily chart also indicates stock entered is over sold zone as RSI moved below 30 levels and now moving up, which indicates stock can move up.
• If stock moves up from current levels then will find strong 23.6%  fibonacci retracement around 2400 levels. Close Watch.
• Stock was on news 04th July 14 - Liquor major  United Spirits  said its shareholders have approved sale of its UK arm Whyte & Mackay for 430 million pounds to the Philippines-based Emperador

GUJRAT PIPAVAV PORT Technical Analysis - Stock has formed ascending triangle formation in daily chart. (Updated On 11th July 2014, Friday),

• GUJRAT PIPAVAV PORT has formed bullish ascending triangle formation which will favor bulls, Which indicates that once stock comes out from its formation on upper side then sharp move is expecting. Previous top 128.50.
• Daily chart also indicates that stock is moving up from 50 days moving average , as long as trades above stock will favor bulls.
• If stock breaks its formation and moves up then on upper side will find 161.8% fibonacci retracement resistance around 140, as shown above.
• Click here to see all the free trading reports (tips) published by us on GUJRAT PIPAVAV (GPPL).
• Stock market tips India.

Some Highlights of the Union Budget 2014-15. (Updated On 10th July 2014, Thursday).

Composite cap on insurance FDI increased to 49%

: BUDGET HIGHLIGHTS -

1. PPF Deposit Limit enhanced from 1 Lac to 1.5 Lac per year.

2. New Accounting Standards will be applicable from year 2017

3.Individual slab rate increased to 2.5 lac and for senior citizen 3 lac.

4. Sec. 80C limit increased to 1.5 lacs.

5. Housing Loan Int. Limit enhanced to 2 lac

6. 10 year tax holiday for power companies starting production and distribution on or before March 31, 2017

7. Govt. shall considers pubic comments received on New Direct Tax Code.

8 15% allowance to manufacturing companies investing Rs20 crores in plant and machinery.

9 Cigarettes, Cigars, Pan Masala, Gutka to attract more excise duty. Import duty on steel increased from 5% to 7.5%. Imported electronics goods to cost more. A cess to be introduced

10 Footwear to go cheaper - excise duty reduced from 12% to 6%. TV sets, Solar power units, computers, oil products, soaps becomes cheaper

P.S - Some data may be incorrect plz cross check from other sources too.

IL&FS TRANSPORTATION NETWORKS LTD Stock Analysis - Stock to test strong trend line resistance around 228 and 231. (Updated On 17th July 2014, Thursday).

• IL&FS TRANSPORTATION NETWORKS LTD is moving up from strong trend line support zone and now facing strong trend line resistance around 228 and 231, Close watch chart indicates once stock closes above its trend line resistance and stays above then stock will favor bulls.
• Weekly Chart also indicates that stock is facing strong trend line resistance and lot of selling at resistance, Once closes above 231 in weekly chart and stays above then stock will favor short term bulls of IL&FS.
• Monthly chart indicates stock failed to close above it 50% fibonacci retracement once stock closes above 50 % fibonacci retracement then will favor long term bulls and stock will find next golden ratio fibonacci retracement resistance  around 255.