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Support and Resistance Decoded: Why Round Numbers Matter, Identification Rules, Confluence Rules, and Real Trading Setup

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  Support and resistance are two of the most widely used concepts in technical analysis. They help traders spot possible reversals, breakouts, and trading opportunities. The concept sounds simple, but knowing why these levels form, how to draw them correctly, and which ones deserve attention can make a real difference to your trading decisions. As Jesse Livermore famously said, “The big money is made in the big swings.” Recognising important price levels can help you catch a move early instead of chasing the market after most of the move has already happened. This guide explains why round numbers matter, how to identify strong support and resistance zones, how confluence improves trade confirmation, and how to use these concepts in a practical trading setup. Pro Tip: Use Strike Money for real-time market charts and technical analysis. What Are Support and Resistance? Support and resistance are price areas where a trend may reverse or pause before continuing in its current directi...
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Tax on Intraday Trading Profits: Allowable Expense Deductions, Slab Rates, and the Speculative Loss Trap

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  Intraday trading profits aren't taxed like capital gains. They're generally treated as speculative business income. This means your tax depends on your total income, eligible business expenses, trading losses, and the tax rules that apply to you. For beginners, understanding these details can be confusing, especially when brokerage charges, turnover, and losses also affect the final calculation. This guide covers how intraday trading profits are taxed, which expenses you can deduct, how speculative losses can be set off or carried forward, and when a tax audit may be required. Understanding these rules before filing your income tax return (ITR) can help you avoid common mistakes. Pro Tip: Use Strike Money for real-time market charts and technical analysis. Is Intraday Trading Profit Taxed as Capital Gains? No. Intraday trading profits aren't treated as capital gains under the rules described here. Capital gains tax generally applies when there's a transfer of owner...
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CNC, MIS and NRML: Full Form, Meaning, Differences, Which One to Choose & When

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  CNC, MIS, and NRML are three common product types used when placing trades through an Indian stockbroker. For a beginner, these terms can be confusing. The main difference is simple: CNC is mainly used for equity delivery, MIS is designed for intraday trading, and NRML is generally used to carry derivative positions overnight. The product type you select can affect your margin requirement, holding period, and the way your broker manages the position. So, choosing the right one matters before you place an order. Pro Tip: Use Strike Money for real-time market charts and technical analysis. Product Type Leverage Auto Square-off Holding Period Typical User CNC Usually no intraday leverage for delivery No Potentially unlimited Investors and swing traders MIS Intraday margin may be available Yes, based on broker rules Same trading day Intraday traders NRML Exchange/broker margin applies No daily intraday square-off Can be carried forward, subject to contract rules Positional F&O t...
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