General Trading Chat

Schatz

Well-Known Member
Maybe... but a lot of good news has already been priced in.
may be u r right .. but i try not to predict .. GDR even moved up as we speak ... almost 2% now ... market can stay irrational... logic is not something we can use for markets
bw, 75% of the time RIL closed red post earnings in last 4 years.. so that thing supports ur view... i am short vol on RIL.. i also dont want a big gap up .. i also would like u to be right on ur view and we get flat or bit down close...
 

siddhant4u

Well-Unknown Member
BJP is very scared now... with Delhi Election going on...

Lieutenant governor of Delhi passed the order authorising police to place the city under the National Security Act (NSA) for three months.
The Act allows police to detain a person for months if it feels that he/ she is a threat to national security. The individual also need not be informed of the charges for 10 days.
 
More on the mega results :


HDFC Bank Q3 net profit at Rs 7,416.5 crore, beats estimates
Updated : January 18, 2020 03:51 PM IST

In the corresponding quarter last year, the company posted a net profit of Rs 5,585.9 crore.
CNBC-TV18 Polls had predicted a profit of Rs 7,033.2 crore for the quarter under review.
https://www.cnbctv18.com/earnings/h...at-rs-74165-crore-beats-estimates-5082441.htm

More on Reliance numbers :
RIL revenues decline 2.5% in Q3; Reliance Retail, Jio boost profit
https://www.business-standard.com/a...-169-trillion-jio-s-up-28-120011800037_1.html
 

bkb

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.
Hi, any information/expectations from when proposed reduced margin requirements for hedged derivatives position (s) will be made applicable?
 

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