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Hollow candle charts sometimes have misguiding colours in tradingview

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Chart of Lupin: Hollow candle chart having incorrect colour ( green) for a day having lower closing price than opening price. --------------------------------------------------------------------------------------- standard candle chart has correct colour of candle

How to plan stock market investment when market is near all time high

Consider the growth trajectory of assets over time. Just like real estate or gold, they repeatedly achieve new all-time highs. Similarly, when it comes to equities, aiming for returns in the range of 12-15% aligns with GDP growth and inflation. Essentially, this translates to a doubling of investment every six years. For instance, let's assume the current Sensex level is 70,000. If someone expects a 12% return from equities, it implicitly means that they anticipate the Sensex to reach approximately 140,000 in the next six years, and then double again from that level. In other words, their expectation is for the Sensex to reach around 280,000 in the following 12 years. To achieve such an expectation, hitting new all-time highs is an inherent part of the journey. Reaching all-time highs is not an anomaly but rather a natural consequence of sustained growth. The focus should be on the numerical data rather than speculations. Over the past few years, the Sensex has consistently reached...

Top 10 employers by number of employees in India

1. Tata Consultancy Services - 6,15,721 employees 2. Reliance Industries - 3,89,414 employees 3. Infosys - 3,68,125 employees 4. Larsen & Toubro - 3,30,955 employees 5. Wipro - 2,62,325 employees 6. HCL Technologies - 2,41,352 employees 7. Tata Steel - 2,34,108 employees 8. HDFC Bank - 1,73,255 employees 9. ICICI Bank - 1,29,020 employees 

How much gold can you buy in cash legally

 Under the Prevention of Money Laundering Act (PMLA), 2002. For this, the government had also issued a notice on December 28, 2020. Under this Act, if a customer buys gold worth Rs 10 lakh or more in cash, then the jewelers will have to immediately inform the authorities by taking the KYC of that customer i.e. his PAN or Aadhar card. What do income tax rules say? Income tax laws do not permit cash transactions beyond a specified limit. Under Section 269ST of the Income Tax Act, 1961, a person cannot make cash transactions totaling more than Rs 2 lakh in a day, whether the person buys gold worth Rs 2 lakh at one go or a few thousand. The overall thing is that a person cannot buy gold worth more than Rs 2 lakh in cash in a day. If a person buys gold jewelery worth more than Rs 2 lakh in cash in a single day, it will be a violation of the Income Tax Act. The person taking cash in such transactions will be liable to pay penalty on the amount transacted in cash as per Section 271D of th...

Why is NPS not a great investment

 NPS offers you to save for your golden years with tax benefits on your investments. However, the amount of pension is not guaranteed and depends on the accumulated corpus and rates available at the time of vesting.  Read more at: http://www.moneycontrol.com/news/retirement/should-you-investnps_1667841.html?utm_source=ref_article Part 2: From Economic times. Friends want to know whether they should invest in the NPS. With tax saving driving investment decisions, people are drawn to the additional Rs 50,000 deduction under Sec 80CCD(1b). But here is why I wouldn't be investing in the NPS. Very long lock-in period All tax-saving investments have lockin periods, but none as long as that of the NPS. The NPS can only be withdrawn at the age of 60. If you start at the age of 25-30, the lock-in period is 30-35 years. Even then, only 60% of the corpus can be withdrawn, and the remaining 40% will have to be put into an annuity for a monthly pension. Taxation on maturity The NPS is not ...

The investment approach of some of the noted value investors in India

1. Rakesh Jhunjhunwala:    - Known as the "Big Bull" of the Indian stock market.    - Focuses on long-term investments in fundamentally strong companies.    - Invests across various sectors, including finance, pharma, and consumer goods. 2. Radhakishan Damani:    - Founder of supermarket chain D-Mart.    - Values strong businesses with sustainable growth.    - Prefers a conservative approach and holds stocks for the long term. 3. Porinju Veliyath:    - Specializes in small and mid-cap stocks.    - Looks for turnaround stories and undervalued companies.    - Known for his contrarian investment style. 4. Vijay Kedia:    - Emphasizes the importance of in-depth research and understanding the business.    - Focuses on identifying hidden gems and long-term wealth creation. 5. Raamdeo Agrawal:    - Co-founder of Motilal Oswal Financial Services.    - Follows a quant...

Good self ITR / Income tax return filing websites

Here is a reveiwed list of sites. # https://tax2win.in/pricing # https://taxspanner.com C harges Rs 850- basic plan upto 50 lakh salary . # https://cleartax.in/ Charges rs 250 for income upto 5 lakh. # http://www.taxsmile.com/ Having a dedicated support helpline available for free gives Taxsmile an advantage over other websites. # https://tax.hrblock.in/ H&R Block lets you call its offices for any help with filing. ----------- To grow your money with confidence and with a highly expereinced team, Give us a call. Details: https://boringtrader99.blogspot.com/2023/02/mkt-wealth-navigate-stock-market-with.html -------- Ref and Further reading: https://www.gadgets360.com/internet/features/four-websites-for-hassle-free-filing-of-income-tax-returns-in-india-558215