Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
Yes, Moreover if you want to invest Rs 2 Lacs in an options of Rs 10 you would need to put in several orders (double than what was before)
max order for BankNifty is 2400 Qty while Nifty is 9975 ... NOT SURE if that as changed.
So Rs 2 Lacs in options of Rs 10 mean Qty of 20,000 needs to be purchased .. meaning at least 8 orders .. which is definitely difficult to manage manually by any retail trader. especially if they want to modify all orders from Rs 20 to 18.75 ..etc..etc
max order for BankNifty is 2400 Qty while Nifty is 9975 ... NOT SURE if that as changed.
So Rs 2 Lacs in options of Rs 10 mean Qty of 20,000 needs to be purchased .. meaning at least 8 orders .. which is definitely difficult to manage manually by any retail trader. especially if they want to modify all orders from Rs 20 to 18.75 ..etc..etc
Fuel shock awaits airlines today
Struggling-to survive Indian airlines could see the steepest hike in jet fuel prices in recent times on Monday with oil companies informing them of an over-7% increase for October rates. Airline sources say aviation turbine fuel will cost about Rs 74,530 per kilo litre in Delhi.
This level was last seen in March 2014 and is just short of the all-time high of Rs 77,089 (in Delhi) in October 2013. However, the impact now will be double as the rupee-dollar exchange rate is at almost Rs 73 (it used to be Rs 61 at the start of 2014).
“The twin impact — 7.3% hike in ATF and crashing rupee — is going to be devastating for us as most costs of airlines (like aircraft lease rentals and maintenance contracts) are in dollars. Oil companies have informed us of the steepest hike in recent times from Monday. Jet fuel prices in India for domestic flights are already the highest globally,” said an airline official.
An airline like Air India expects ATF costs to rise by Rs 65 crore this month. AI, which has an annual fuel bill of Rs 8,500 crore, has about 15% domestic market share. What this could lead to now, say sources, is higher spot fares in the festive season. IndiGo had introduced a fuel surcharge on domestic flights of Rs 200 and Rs 400 for flights on sectors below and over 1,000km respectively, from May 30, 2018. At that time, ATF was Rs 70,000 per kl in Delhi and the exchange rate was at 67.5.
“With ATF at Rs 74,000 in Delhi and the dollar at Rs 73, airlines levying fuel surcharge could hike the same and others will start levying the same if they want to avoid a Kingfisher-like fate,” said an official.
Airlines are fuming as they do not understand why the government did not augment airport infrastructure at choked hubs like Delhi and Mumbai, which needed a second airport five years back. “We waste tonnes of fuel hovering in places like these. The government was just happy basking in the glory of India being the fastest-growing aviation market but did nothing about airport infrastructure. We should have had new and bigger airports getting inaugurated by now instead of just stone-laying ceremonies being held,” said a senior pilot.
Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst
Struggling-to survive Indian airlines could see the steepest hike in jet fuel prices in recent times on Monday with oil companies informing them of an over-7% increase for October rates. Airline sources say aviation turbine fuel will cost about Rs 74,530 per kilo litre in Delhi.
This level was last seen in March 2014 and is just short of the all-time high of Rs 77,089 (in Delhi) in October 2013. However, the impact now will be double as the rupee-dollar exchange rate is at almost Rs 73 (it used to be Rs 61 at the start of 2014).
“The twin impact — 7.3% hike in ATF and crashing rupee — is going to be devastating for us as most costs of airlines (like aircraft lease rentals and maintenance contracts) are in dollars. Oil companies have informed us of the steepest hike in recent times from Monday. Jet fuel prices in India for domestic flights are already the highest globally,” said an airline official.
An airline like Air India expects ATF costs to rise by Rs 65 crore this month. AI, which has an annual fuel bill of Rs 8,500 crore, has about 15% domestic market share. What this could lead to now, say sources, is higher spot fares in the festive season. IndiGo had introduced a fuel surcharge on domestic flights of Rs 200 and Rs 400 for flights on sectors below and over 1,000km respectively, from May 30, 2018. At that time, ATF was Rs 70,000 per kl in Delhi and the exchange rate was at 67.5.
“With ATF at Rs 74,000 in Delhi and the dollar at Rs 73, airlines levying fuel surcharge could hike the same and others will start levying the same if they want to avoid a Kingfisher-like fate,” said an official.
Airlines are fuming as they do not understand why the government did not augment airport infrastructure at choked hubs like Delhi and Mumbai, which needed a second airport five years back. “We waste tonnes of fuel hovering in places like these. The government was just happy basking in the glory of India being the fastest-growing aviation market but did nothing about airport infrastructure. We should have had new and bigger airports getting inaugurated by now instead of just stone-laying ceremonies being held,” said a senior pilot.
Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst
Rahul Gandhi targets PM Modi over IL&FS mess
Congress president Rahul Gandhi on Sunday said PM Narendra Modi had, as chief minister of Gujarat, commissioned a project with beleaguered IL&FS group which has yielded no work till date, adding that he was now seeking to use the common man’s money to bail out the firm. He asked Modi if IL&FS to him meant “I love financial scams”.
The aggression followed a week-long attack by the Congress over the mess in the infrastructure financing firm, calling it a sign of Modi government’s poor management of the economy.
Congress spokesman Manish Tewari, likening the IL&FS mess to the fall of Lehman Brothers in the US which triggered the global economic recession, called for a special audit to unearth mismanagement in the firm.
“This is why IL&FS financials need to be forensically audited as management, principal shareholders and the NDA-BJP government are unwilling to address the ₹42,000 crore question.
₹42,000 crore was disbursed in past four years. Nobody knows where the money disappeared,” he said.
The Congress chief asked why Modi was so keen to use LIC’s money to save IL&FS, “his favoured company” which is set to run aground.
Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst
Congress president Rahul Gandhi on Sunday said PM Narendra Modi had, as chief minister of Gujarat, commissioned a project with beleaguered IL&FS group which has yielded no work till date, adding that he was now seeking to use the common man’s money to bail out the firm. He asked Modi if IL&FS to him meant “I love financial scams”.
The aggression followed a week-long attack by the Congress over the mess in the infrastructure financing firm, calling it a sign of Modi government’s poor management of the economy.
Congress spokesman Manish Tewari, likening the IL&FS mess to the fall of Lehman Brothers in the US which triggered the global economic recession, called for a special audit to unearth mismanagement in the firm.
“This is why IL&FS financials need to be forensically audited as management, principal shareholders and the NDA-BJP government are unwilling to address the ₹42,000 crore question.
₹42,000 crore was disbursed in past four years. Nobody knows where the money disappeared,” he said.
The Congress chief asked why Modi was so keen to use LIC’s money to save IL&FS, “his favoured company” which is set to run aground.
Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst
'Use current sell-off to accumulate stocks trading at 2009 levels'
The question is whether this higher valuation range will be broken by the market this time around and will the market go to more sombre 16 P/E levels before starting its next leg up, writes Shailendra Kumar of Narnolia Financial Advisors
So, is it time to buy as time of maximum pessimism is the best time to buy? We need to be very careful in picking stocks as wrong selection can be highly damaging.
Understanding the trigger of this uncertainty is needed to build a prudent strategy. Over the last five years, the index has traded between 18 and 24 times its FY19 price-to-earnings multiple. The question is whether this higher valuation range will be broken by the market this time around and will the market go to more sombre 16 P/E levels before starting its next leg up.
The reason why 18 times P/E was base for the Nifty during 2013-18:
What has changed now?
Domestic macros are deteriorating on the margin, but it’s not alarming. Also, the earnings growth story remains fully intact.
A large part of valuation expansion during 2013-17 occurred as bond yields fell from the highs of 9.1 percent in November 2013 to 6.4 percent in July last year. But since then it has spiked to current levels of 8.2 percent.
In India, we need to live with this 8 percent kind of interest rate for longer than what we envisaged earlier as the US 10 year bond is firmly trading above 3 percent and the Fed is preparing market participants there for higher rates.
Fallout evident post IL&FS default
2018 would witness the highest sell off in debt papers by foreigners since they started investing in the Indian debt market.
Post the IL&FS episode, there is talk of the credit cycle worsening, but credit deterioration has steadily been happening in India since the last 4-5 years. What we are witnessing right now is more of a cycle climax than the start of a new cycle. The problem at hand is more of a liquidity squeeze owing to asset liability duration mismatch.
Investing is about individual companies and some high quality companies with strong competitive advantage have started trading at attractive valuations.
In some cases, the valuation multiple has gone close to levels which were last seen in 2009. As a prudent investment strategy, one should use the current sell-off as an opportunity to accumulate those quality stocks.
https://www.moneycontrol.com/news/b...te-stocks-trading-at-2009-levels-3000451.html
The question is whether this higher valuation range will be broken by the market this time around and will the market go to more sombre 16 P/E levels before starting its next leg up, writes Shailendra Kumar of Narnolia Financial Advisors
So, is it time to buy as time of maximum pessimism is the best time to buy? We need to be very careful in picking stocks as wrong selection can be highly damaging.
Understanding the trigger of this uncertainty is needed to build a prudent strategy. Over the last five years, the index has traded between 18 and 24 times its FY19 price-to-earnings multiple. The question is whether this higher valuation range will be broken by the market this time around and will the market go to more sombre 16 P/E levels before starting its next leg up.
The reason why 18 times P/E was base for the Nifty during 2013-18:
- Falling bond yields
- Strong domestic macros
- Stable policy regime
- Hope of an earnings revival
What has changed now?
- Rising bond yields
- Election overhang implies policy uncertainty
Domestic macros are deteriorating on the margin, but it’s not alarming. Also, the earnings growth story remains fully intact.
A large part of valuation expansion during 2013-17 occurred as bond yields fell from the highs of 9.1 percent in November 2013 to 6.4 percent in July last year. But since then it has spiked to current levels of 8.2 percent.
In India, we need to live with this 8 percent kind of interest rate for longer than what we envisaged earlier as the US 10 year bond is firmly trading above 3 percent and the Fed is preparing market participants there for higher rates.
Fallout evident post IL&FS default
2018 would witness the highest sell off in debt papers by foreigners since they started investing in the Indian debt market.
Post the IL&FS episode, there is talk of the credit cycle worsening, but credit deterioration has steadily been happening in India since the last 4-5 years. What we are witnessing right now is more of a cycle climax than the start of a new cycle. The problem at hand is more of a liquidity squeeze owing to asset liability duration mismatch.
Investing is about individual companies and some high quality companies with strong competitive advantage have started trading at attractive valuations.
In some cases, the valuation multiple has gone close to levels which were last seen in 2009. As a prudent investment strategy, one should use the current sell-off as an opportunity to accumulate those quality stocks.
https://www.moneycontrol.com/news/b...te-stocks-trading-at-2009-levels-3000451.html
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