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Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by tsunil4u Yes Gautam, you have got the break-up of the costs per ...


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  #5201  
Old 21st May 2008, 08:20 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by tsunil4u View Post
Yes Gautam, you have got the break-up of the costs per lot right. In your case, it adds up to around Rs 127/- per traded lot of Nifty.

Only thing, I want to bring to your notice is that today, as per your trading details provided, total 18 lots of Nifty has been traded and not 15. That's why, STT is coming at 780 (43.35 * 18) and total costs is coming at around Rs 2286 (127 * 18).

Anyway, I just wanted to point out these high cost structures here, and also
why the market mood (day-traders' mood and thus trading volume) has been spoilt when the STT treatment rules was changed in the Feb Budget. Nearly 1/3rd of the costs is accounted by STT.
Recently, in China, its government reduced the stamp duty rates and its Shanghai Index went up 10% in one trading session.

I am sure if ever the STT rebate is brought back, our markets will have a dream rally. For the time being, we can only dream of such thing. :-)

Take care and keep up the good work (trading)...
Yes Sir!!!!!! I stand corrected. My actual profit is very near the figure posted by you. It came to around Rs.3200.00+
Regards
-Gautam
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  #5202  
Old 21st May 2008, 10:21 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Long above 5076.20
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  #5203  
Old 21st May 2008, 10:24 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

The level was long above 5065.20 , made an error in reading the graph
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  #5204  
Old 21st May 2008, 10:30 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Sell below 5057.80
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  #5205  
Old 21st May 2008, 10:32 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Short triggered, SL20 points
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  #5206  
Old 21st May 2008, 10:34 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

net giving problem, may hv to stop posting in between
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  #5207  
Old 21st May 2008, 10:35 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

SL 5072.20 not reversal
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  #5208  
Old 21st May 2008, 10:40 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

SL and reverse above 5072.20
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  #5209  
Old 21st May 2008, 10:41 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

long triggered, short SL hit
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  #5210  
Old 21st May 2008, 11:01 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Sland sell below 5055.90
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