Happy New Financial Year 2011-12 as it starts today on 1st Apr 2011. India being an agriculture dominated country, money comes into farmer’s hand, who comparises about 70% of the population, in April only as harvesting season starts. Regional new year too starts around 13th to 14th April in different parts of the country. Having considered all these things, Government decided to starts its new financial year from 1st April of every year instead of 1st January as calender new year starts on this date.
We all should have some goal for the coming year as without TARGET you can not achieve the height. We made some resolution just 3 months back on new calender year and still have to start on working on them then here is another chance to start it again as new Financial starts from today. The new financial year will welcome both the BULLS and BEARS on neutral ground. As they are of similar strength.
Guess this year will reach a new height in SENSEX and a possible 25000 is expected to touch this financial. So set a goal for you and plan your taxes well which is very important to take part in India’s growth.
Happy trading and happy Investing.
khalid at Bell the Bull