General Trading Chat

[travi]

sir,is tomorrow nse holiday for parsi new year?

which sir I don't know, but what I know is
Tomo is only a clearing holiday, trading is on.
Next trading holi is on 22nd for Id.

 

[TradeOptions]

which sir I don't know, but what I know is
Tomo is only a clearing holiday, trading is on.
Next trading holi is on 22nd for Id.

Can someone please clarify what is the meaning of Clearing Holiday ? What is its practical significance for us retail traders, what effect does such holiday have for us ?

Thanks and best regards

 

[travi]

Can someone please clarify what is the meaning of Clearing Holiday ? What is its practical significance for us retail traders, what effect does such holiday have for us ?

Thanks and best regards

Generally, clearing holidays occur when Banks have a holiday but Exchange is Open.
Therefore, settlement will not occur on these days, so if you have taken shares for delivery on 14th for eg, they would be settled by 16th (T+2) and available to sell CNC on 17th,
but if you took delivery on 15th, what you expect to Sell on 18th will not be present in your demat bcos 17th was a holi, so one needs to wait an extra day.

Day traders don't have a problem, but as you can see a swinger long deliverables might have or someone already short expecting his buy (closing trade EQ to land) and its not available.

 

[travi]

------- Moved to other thread -----------

 

[vivektrader]

Dow at sell CD 12 now, Combo 11.

Vivek

 

[timepass]

Anyone here using the BHIM app (UPI) ?? Here is some update.

UPI 2.0 launched. Here are its key features

https://www.livemint.com/Money/Cog3dAvOZka0OsNg8M9S8O/UPI-20-launched-Here-are-its-key-features.html

 

[onequorauser]

Any insights on the way hindalco is acting up these days? It seems to be gapping up and down far too frequently for a liquid nifty 50 stock?

I am not concerned with the news there but how do you interpret these wild moves?

 

[Deelipenergy]

Dow 350 points up !! Any positive tweet by Trump Uncle ?

 

[Deelipenergy]

Within minutes now more than 400 points. Seems like making of a new high.

 

[NJ78]

Dow 350 points up !! Any positive tweet by Trump Uncle ?

Resumption of US-China trade talks.