Day Trading Stocks & Futures

pannet1

Well-Known Member

mohan.sic

Well-Known Member
see what happened today.! did you see how many points it came down before resuming its climb back.
almost 70 points on nifty and 300 points on the bank nifty. see the extent of stops being hunted.

Though there is skepticism on this i know from friends who work with hdfc securities and motilal, things like this and a few other things are routinely done by them. they play havoc on option expiry days. in fact recently SEBI took up cases on this against a few entities. with the structure of our index( especially bank) it gives a easy opportunity to these chaps to manipulate. and somehow the laws are not stringent enough here to prosecute these sort of things and the watchdog also doesnt seem to be very strict.
just see the chart in the afternoon from the days high

70/300 points - I asked because, I dint see that much fall from day high at the time of your post (2:10 pm). particularly in BN ( high of 30540 appx and retraced till 30338 appx which is 200 points appx. spot levels.
Am I missing anything ? Anyway, that is not a important issue.

I am not a believer that some market participants will hunt my stops with a purpose.
Yes, Market can be manipulated. And that category of participants manipulate the market to make profit out of the price movements. And in this process, it may hit the SL orders which are on its way. But I don't think that the main purpose of manipulating the market is not just to hit the SL orders of retail traders.
SL orders get triggered as a consequence is what I think.
( Formed this opinion due to some logical reasons and this is limited only to options market )

About these guys from Broking houses like HDFC and Motilal, they do not have any special privilege or access to information than we have. Their purpose is solely Brokerage.
The havoc they do on expiry days, is only on their Clients accounts by buying cheap OTM options in lakhs of qty to generate brokerage. Not just the 2 companies mentioned. It is the same with almost all full service brokers ( especially offline/call & trade desks ) Logically, None of their OTM option trades can influence a inch of movement in market, except killing clients money. ( this is what I saw and experienced)
 

mohan.sic

Well-Known Member
Is there a solution for year on year water problem? There is a person (rajasthan or gujarat don't remember exactly) he is called 'bowdi man' or 'lake/pond man' he goes around villages and urge farmers to dig small pond in their farm (or in shared land in village) to store rain water.

That's nice idea. But not so easy to implement. Many problems like digging cost and maintenance, suitable land, land demography, acceptance from neighbor farmers, And if land is anywhere near by to village we need panchayat permissions, village revenue office approval and few more...
 

siddhant4u

Well-Unknown Member
That's nice idea. But not so easy to implement. Many problems like digging cost and maintenance, suitable land, land demography, acceptance from neighbor farmers, And if land is anywhere near by to village we need panchayat permissions, village revenue office approval and few more...
he is doing it already with help of youths

one of his TED talk (in Hindi)


Another person (Darshan Hathi) working on similar water projects (in English)

 

Raj232

Well-Known Member
There was a reaction to the deal from the market.

HDFC AMC falls 6%
Shares of HDFC Asset Management Company (HDFC AMC) finished 6.32 per cent down at Rs 1,807.75, after it decided to buy Rs 500 crore worth of non-convertible debentures (NCDs) of Essel Group from the debt schemes that have exposure to these securities. "HDFC AMC has taken a big risk as it has set a trend of assuming credit risks, which could turn out to be a dangerous trend in the long term, as this will set expectations for such bailouts in the future which is bad for the investors of HDFC AMC," said Umesh Mehta, Head of Research, SAMCO Securities.
HDFC AMC mentioned on TV in Bloomberg or CNBC that the rates of the instruments have fallen making the yield attractive.
So this might be a calculated risk rather than a blind one in search of yield.
 

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