Demand zone King
6.7K posts
@DemandZoneKing
💥Demand Zone Sniper Setups 🎯 I trade zones - not guesses 🚀 Let's trade smarter, not harder! Not SEBI Registered. Only for Learning Purpose
#Nifty Nifty on 15-EMA resistance Hold or sell your choice. Me : I am holding it as of bow, but it depends on mood I can exit anytime Happy Holi 🎈 Friends #IndianStockMarket #HappyHoli #niftyOptions
#WESTLIFE SL is saved as of now, but if weekly candle closes below red line, better to exit. This week required strong buying to save this structure CMP : 418
The government just took a ₹1.55 lakh crore annual hit to protect your fuel price. 🛢️ Excise duty on petrol slashed from ₹13 to ₹3 per litre. Diesel cut from ₹10 to zero. Effective immediately. But here's the catch OMCs are currently losing ₹48.8 per litre on every litre of petrol and diesel sold as Brent crude crosses $100. This duty cut absorbs only 30-40% of their annualised losses. Your pump price hasn't moved. The government is absorbing what it can. The rest is still bleeding IOCL, BPCL, and HPCL every single day. Crude went from $70 to $119 in under a month. Retail prices in Delhi haven't moved an inch. That gap has to close eventually either crude falls, or prices rise.
GOVERNMENT HAS TAKEN A HUGE HIT ON IT TAXATION REVENUES TO ENSURE VERY HIGH LOSSES OF OIL COMPANIES (APPROXIMATELY 24 RS/LITRE FOR PETROL AND 30 RS/LITRE FOR DIESEL) AT THIS TIME OF SKY HIGH INTERNATIONAL PRICES ARE REDUCED
