Day Trading Stocks & Futures

[Raj232]

not sure of taking positions. it smells too much of a trap. i am staying out. the supreme court verdict on emi moratorium will drive the price and probably all premiums may collapse. so caution is the days motto

Very unlikely that EMI's will be forgiven. Govt does not have the money to pay on behalf of everybody either. It will be as it is .. slight delay allowed along with interest. Banking lobby is very strong...
For that purpose.. Banking stocks can zoom after the verdict.. so maybe after 12:30 Pm or 2 PM..

 

[Smart_trade]

Very unlikely that EMI's will be forgiven. Govt does not have the money to pay on behalf of everybody either. It will be as it is .. slight delay allowed along with interest. Banking lobby is very strong...
For that purpose.. Banking stocks can zoom after the verdict.. so maybe after 12:30 Pm or 2 PM..

With SBI jumping in the ring, the decision is very interesting and will have far reaching effects....

 

[Raj232]

Bought .. a bit too early.. will add some more in a while

Will exit 19800 PE at 260 /280 .. structure is not as per expectation..

 

[Romeo1998]

expecting fall in banknifty till 20K

 

[kharikumaar]

Very unlikely that EMI's will be forgiven. Govt does not have the money to pay on behalf of everybody either. It will be as it is .. slight delay allowed along with interest. Banking lobby is very strong...
For that purpose.. Banking stocks can zoom after the verdict.. so maybe after 12:30 Pm or 2 PM..

there's no question of emi being forgiven, it's only a petition for the interest charged during the moratorium to be waived. The US has something called EMI holiday. where the whole emi without addition interest is shifted by that many months, whereas here only the tenure is extended and the emi collection is postponed for that many months and there is a levy. so whatever the verdict looks like the retailers may be in for a shakedown here so better to be safe that have many miniature heart attacks during the violence of the market

 

[afin]

Very unlikely that EMI's will be forgiven. Govt does not have the money to pay on behalf of everybody either. It will be as it is .. slight delay allowed along with interest. Banking lobby is very strong...
For that purpose.. Banking stocks can zoom after the verdict.. so maybe after 12:30 Pm or 2 PM..

AFAIK, it is not EMI maafi but the interest waiver

 

[cinderblock]

Banks also give you the option of paying 3-month EMI as a one time payment (with interest). The extra amount is probably half a month EMI

That is a much better option than to extend the tenure where you will eventually end up paying 20-month EMIs more. The extra amount mainly depends on how much tenure is left on the loan.

Banks will naturally push customers for the second option.

 

[Raj232]

there's no question of emi being forgiven, it's only a petition for the interest charged during the moratorium to be waived. The US has something called EMI holiday. where the whole emi without addition interest is shifted by that many months, whereas here only the tenure is extended and the emi collection is postponed for that many months and there is a levy. so whatever the verdict looks like the retailers may be in for a shakedown here so better to be safe that have many miniature heart attacks during the violence of the market

Oh great.. then chances of zooming up is reduced. If there is a holiday in any way, then banks can fall.. .. I'll hold my short positions for the time being

 

[kharikumaar]

Oh great.. then chances of zooming up is reduced. If there is a holiday in any way, then banks can fall.. .. I'll hold my short positions for the time being

i wouldnt bet on it. . i had shorted puts in the morning and covered with 20 rs. will not venture anymore today

 

[Smart_trade]

Chances of unfavourable decision are very miniscule.....but if it goes against the banks, then it will be a black swan event in banking industry......keeping the fingures crossed........

HDFC Bank will have minimum adverse impact compared to other banks according to banking analysts....and the bank will still be in profit.