Tech View: Nifty 50 bulls gain more, 15,850 key hurdles ahead

nifty 50 Friday saw a gap-start but could not add much to the gains. The index ended with a small bullish candle forming on the daily chart. It ended with a ‘harami’ candle forming on the weekly chart. Independent Analyst Manish Shah said that the weekly pattern is a bullish reversal pattern and one can assume that Nifty 50 will see some bounce in the coming days. “On the daily time frame, Nifty 50 has not made any new lows since June 16. The reluctance to trade below the market…

RIL Share Price: JP Morgan upgrades RIL to ‘overweight’, stock sees 22% gain

New Delhi: Global Brokerage J. P. Morgan India’s largest company in terms of market capitalization has upgraded its rating on – () – from ‘neutral’ to ‘overweight’. The broking firm has set a target price of Rs 3,170 on RIL, indicating a possible increase of 22 per cent in the counter as against Wednesday’s previous close of Rs 2,596.30. Given the strong refining and gas environment, RIL is one of the few large companies in India with a positive earnings correction cycle, the brokerage firm said in its latest report.…

Capital Gain Tax Exemption in 2022

Capital Gains Exemption can be claimed under the Income Tax Act by reinvesting the amount in either purchasing/ constructing a Residential House or by reinvesting the amount in Capital Gain Bonds. The seller of the asset either has the option to claim exemption or pay 20% Long Term Capital Gains Tax. (Refer: Computation of Long Term Capital Gain Tax) This article explains in detail the following exemptions which can be claimed on the sale of a Long Term Asset i.e. on sale of an asset which was held for more…