General Trading Chat

Schatz

Well-Known Member
Received this PM from a member. Good news for the day traders.


https://www.moneycontrol.com/news/b...are-pledging-mechanism-next-week-4812961.html

SEBI failed to stop Intraday leverage and overpowered by small brokers on Jan 8 last meeting as a result stopped that move.
Instead RMRC proposed only SPAN margin in future. In future we may see only SPAN margin for NRML position and overall further reduced margin requirement.


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The SEBI-appointed Risk Management Review Committee (RMRC) said,

“Higher margins result in a lower return on investment (RoI) for a trader. Ironically, an FII who has an option of trading both in India as well as in Singapore Stock Exchange (SGX) would pay higher margin money in India and only the SPAN margin in Singapore. Essentially the same amount of money will give the FII better leverage and higher return if he trades abroad”.

“India is the only country in the world where initial margin charged in the F&O (Futures and Options) segment consists of three layers- SPAN (Standardised Portfolio Analysis for Risk), exposure and additional margin. The study also found that if India followed only SPAN margin system it would have been good enough to cover the risk for 99.44 percent instances of At-the-Money (ATM) and Out-of-the-Money (OTM) stock option contracts. Simply put, there is no need to burden traders with extra margins”.

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Note: Zerodha was only discount broker who was supporting the SEBI to stop intraday leverage. All others against it. Fyers stand was neutral. Rest of discount brokers were all against SEBI, some of them are FINVASIA, SAMCO, WISDOM, UPSTOX(RKSV) who supported us. Finally we won.

Besh Wishes,
Happy Trading,
Cheers.
the article does not say anything about intraday leverage .. its about margin for hedged pos and some pledging of shares thing... correct me if i m wrong.... logic says if margin is reduced from hedged pos then intraday leverage would be checked...
 
Onions are already available around Rs.50/kg in the local market. So is it a surprise that the states are not buying it at Rs. 55/kg ?

States Not Buying Imported Onions, Centre Worried: Minister
Retail onion prices, which were ruling over Rs 100 per kg in most cities since the past two months, have started softening now on arrival of imported onions and new kharif crop.

https://www.ndtv.com/india-news/foo...buying-imported-onions-centre-worried-2163998
 
@Smart_trade Sir & Seniors, Can you please comment on my below plan, does it looks sensible. Also, if you think i have shortlisted wrong company, please reply. Thanks !

Current Status: i am currently investing 150,000 per month for past 6 months. I am planning to continue doing this for next 10-15 years.
Target: To hold this Portfolio for next 20-30 year (no hurry).
Expectation: Expecting 15% PA return in long run.
Shortlisted Stocks:
 

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Bad news for telecom tomorrow. Maybe their banks will react likewise.

SC rejects Bharti Airtel, Vodafone Idea's plea to review AGR judgement
3 min read . Updated: 16 Jan 2020, 05:34 PM ISTNavadha Pandey, Prathma Sharma
  • AGR serves as a base for most of the levies including licence fees and spectrum charges which are calculated as a percentage of the figure
  • The two telecom companies, along with rival Reliance Jio Infocomm Ltd, raised prices of their services by up to 47% in the first week of December
https://www.livemint.com/companies/...a-to-review-agr-judgement-11579162443418.html
 

travi

Well-Known Member
Any views on IRCTC? Holding from 650 levels. Today it made new highs after 2 months of sideways
good to hear someone held for so long :DD

If you see, even their mgmt and many who priced the IPO were puzzled themselves. Therefore, to be honest, no one knows the real value.
having said that, if your just holding a handful of units allotted in the IPO ( a lot was 40 ), it doesn't make much diff if you booked.
so did you load up at 700, 800 or 900 ?
 

jyotixxx

Well-Known Member
good to hear someone held for so long :DD

If you see, even their mgmt and many who priced the IPO were puzzled themselves. Therefore, to be honest, no one knows the real value.
having said that, if your just holding a handful of units allotted in the IPO ( a lot was 40 ), it doesn't make much diff if you booked.
so did you load up at 700, 800 or 900 ?
I am holding 250 at an average of 650 including the 40 allotted. I think I will keep trailing SL
 

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