General Trading Chat
- Thread starter timepass
- Start date
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Your deposits are insured for a maximum of Rs.1 lakh. So, if you have deposits of Rs.1 lakh or below, you are exempted from this rule.
In case if you have a deposit of Rs.1 lakh + Re 1, then you are effected by this rule.
Big fish will not get effected because of their ties with leaders.
Tiny fish will also not get effected because of their low deposits.
The largest Middle class will get effected. You are forced to search other avenues to park your funds in case you have more than Rs.1 lakh.
My suggestion is go and form a Trust and keep accumulating land sites. That is the only way we defy govt ridiculous plan.
Whole of the middle class should leave stock markets, mf, liquidity funds, and keep accumulating sites.
In case if you have a deposit of Rs.1 lakh + Re 1, then you are effected by this rule.
Big fish will not get effected because of their ties with leaders.
Tiny fish will also not get effected because of their low deposits.
The largest Middle class will get effected. You are forced to search other avenues to park your funds in case you have more than Rs.1 lakh.
My suggestion is go and form a Trust and keep accumulating land sites. That is the only way we defy govt ridiculous plan.
Whole of the middle class should leave stock markets, mf, liquidity funds, and keep accumulating sites.
I was tracking Oi live. I saw very high OI was there 10300PE and 25500PE. After the big downfall after 2:30 pm those OI reduced slowly so definitely some pro big option players trapped today.
Such OI was build up during the up move gradually not yesterday. Even yesterday 25500 PE oi was 969200, there was a reduction of about 44k oi so some pro writers definetely exited yesterday downfall but the percentage is less than 5% rest big number of pro also trapped.
Yesterday combined oi of there strike 25300-25400-25600 was just nearly equal to single strike oi 25500. A lot of pro options writers surely panicked after breaking of 25500, many market players was expecting 25500 as very strong support just like highest oi 26000 acted as strong resistance for few days.
@End of the day still about 1.77 Lakh oi in 25500 strikes, most of them are trapped option writers, usually retailers/newbies as u said. They usually forgot to cut loss quickly during panic.
Pro also panicked but exited quickly whenever 25500 was breaking so there was that speed of the fall, they used market orders and split orders below the support..
Actually, no one is safe in this market, pro options writers make more in aggregate but they also lose at least 2-3 day per month. When they lose they loose big like today, but in overall they make the good positive return. But when they loose big they give the opportunity to make big quick profit to option buyers, thats the market.. but such opportunities come very few days for option buyers..today was such a day.
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in this case only Rs 1 Lac which is covered under deposit insurance will be returned. Rest will beconverted to some other instrument. (.. just my understanding .. refer below for amot of Rs 1 Lac)
https :// www.rbi.org.in /scripts/FAQView.aspx?Id=64
Each depositor in a bank is insured upto a maximum of Rs.1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same capacity and same right as on the date of liquidation/cancellation of bank's licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.
You will get the amount after deducting STT as per the closing of 25,332.40 for Nov month series.
Since it is shorts.. you don't have to worry, many of my colleagues were long today.. and were trapped.
https :// www.rbi.org.in /scripts/FAQView.aspx?Id=64
Each depositor in a bank is insured upto a maximum of Rs.1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same capacity and same right as on the date of liquidation/cancellation of bank's licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.
You will get the amount after deducting STT as per the closing of 25,332.40 for Nov month series.
Since it is shorts.. you don't have to worry, many of my colleagues were long today.. and were trapped.
in this case only Rs 1 Lac which is covered under deposit insurance will be returned. Rest will beconverted to some other instrument. (.. just my understanding .. refer below for amot of Rs 1 Lac)
https :// www.rbi.org.in /scripts/FAQView.aspx?Id=64
Each depositor in a bank is insured upto a maximum of Rs.1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same capacity and same right as on the date of liquidation/cancellation of bank's licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.
You will get the amount after deducting STT as per the closing of 25,332.40 for Nov month series.
Since it is shorts.. you don't have to worry, many of my colleagues were long today.. and were trapped.
https :// www.rbi.org.in /scripts/FAQView.aspx?Id=64
Each depositor in a bank is insured upto a maximum of Rs.1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same capacity and same right as on the date of liquidation/cancellation of bank's licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.
You will get the amount after deducting STT as per the closing of 25,332.40 for Nov month series.
Since it is shorts.. you don't have to worry, many of my colleagues were long today.. and were trapped.
They have converted 1 lakh insurance amount to variable amount. It's no longer fixed 1 lakh.
Stock market is a attraction to greed, and therefore derivatives are also introduced like a casino, most retail players buy Naked CALL or PUT options. When there is a big move like the one we had today, the retail traders are the ones trapped.
Banknifty 25,500 PE -> 791,880 contracts were somehow squared off.. 177,320 contracts were trapped. but if you notice more closely, 152,080 PE contracts at 26,000 were also trapped at expiry was Rs 184 at yesterdays close and 665 approx at today's close.
Property is no longer a low maintenance asset or store of value. Heard about all properties to be linked to Aadhar in future. So if you hold 2 properties it should be seen in your property passbook linked to your aadhaar. NCR has been one of the recent investments which has seen fall in property value.. so one has to play safe
One has to think about some asset other than Banks and other than property. Not sure why stock market or mutual funds could be affected as the money is in the fund not bank. The investor can sell less than 1 lac worth units at a time... for withdrawal .. just my thought
Banknifty 25,500 PE -> 791,880 contracts were somehow squared off.. 177,320 contracts were trapped. but if you notice more closely, 152,080 PE contracts at 26,000 were also trapped at expiry was Rs 184 at yesterdays close and 665 approx at today's close.
Invest in property, you mean ?? Isn't that a high-maintenance asset (not in money, but in care) ? With aadhar linking to property deals, I think one can't hide even in property
One has to think about some asset other than Banks and other than property. Not sure why stock market or mutual funds could be affected as the money is in the fund not bank. The investor can sell less than 1 lac worth units at a time... for withdrawal .. just my thought
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