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Nifty View |
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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Post: #5611  Posted: Tue Oct 23, 2012 5:25 pm Post subject: |
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What I dont understand is how NSE charges STT based on full value as if it is nifty future? After charging STT based on full value will NSE give us full value as if it is NF??? The basic assumption of option is value = strike - NF or NF- strike. Has nobody taken them to court?
There is left right cheating if we keep quiet. IIFL charged me Rs 787 on 8 Oct 12 as CDSL charges. i protested to CDSL. they replied that CDSL DOESNT charge customer directly and wanted details from me. I will dance with joy if CDSL jumps on IIFL throat as a result!!!!!!!
Prakash Holla |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5612 Posted: Tue Oct 23, 2012 5:34 pm Post subject: |
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| pkholla wrote: | What I dont understand is how NSE charges STT based on full value as if it is nifty future? After charging STT based on full value will NSE give us full value as if it is NF??? The basic assumption of option is value = strike - NF or NF- strike. Has nobody taken them to court?
There is left right cheating if we keep quiet. IIFL charged me Rs 787 on 8 Oct 12 as CDSL charges. i protested to CDSL. they replied that CDSL DOESNT charge customer directly and wanted details from me. I will dance with joy if CDSL jumps on IIFL throat as a result!!!!!!!
Prakash Holla |
No they wont give the full value. Their justification is your trading by investing less value and gaining the same profit with of actual value. So, why the taxation should be less... So at the time of expiry, taxation will be same as on full value.
Just close your in the money options before they expire.  |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #5613 Posted: Tue Oct 23, 2012 10:33 pm Post subject: |
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Apka: Thanks as always for clear answer.
Still, I'll try writing email on NSE website. Sometimes they reply. My habit from Bombay days, if u want something, khoshish to karo!
Prakash Holla |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #5614 Posted: Wed Oct 24, 2012 7:41 am Post subject: Re: Near Buys now |
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| shashangan wrote: | Play with stops. I still feel one high is pending for Nifty to turn overall bearish. So I recommend 5695 & below is a buy spot basis with tight stops below todays low 5660 or safe stops below 5620 - Spot basis Nifty.
Gautham Shashangan |
Gautham Shashangan,
Do you still bear the same view for this week? |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #5615 Posted: Wed Oct 24, 2012 7:45 am Post subject: Re: Near Buys now |
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| shashangan wrote: | Play with stops. I still feel one high is pending for Nifty to turn overall bearish. So I recommend 5695 & below is a buy spot basis with tight stops below todays low 5660 or safe stops below 5620 - Spot basis Nifty.
Gautham Shashangan |
Gautham Shashangan,
Do you still bear the same view for this week? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5616 Posted: Thu Oct 25, 2012 11:18 am Post subject: |
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Some days back, I had mentioned that global markets are around their resistances. In the last few days, European markets as well as the U.S markets corrected slightly. Now they're sitting around short term supports. That means there could be some bounce backs or even another short term rally in the markets considering the upcoming U.S. election in a few days. Asian markets are showing great resilience. Having said that, if this correction continues for another day or two, the short to medium term trend, which is "UP" as of now, could be in danger. In that case, expect bigger correction or even a crash. The odds are supporting a short term bounce back or rally; but one should be prepared for further correction as well. In our markets, Banking stocks are witnessing a lot of action at this point of time. However, one should realize that many of the frontline Banking stocks are around their resistances now. At the same time, Another big constituent of the our index, the IT stocks, are trading around their supports. Oil and Gas sector is not giving any clear signals. The reason could be reliance holding 799-800 levels. So, overall its a mixed bag. If the IT stocks bounce back from the supports and then Banks breakout of the resistances, then the market may give a short term rally. At the same time, if the Banks bounces back from their resistances and then if the IT stocks breaks below their supports, the market may correct in the short term. So, watch out.  |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #5617 Posted: Thu Oct 25, 2012 11:45 am Post subject: Re: Near Buys now |
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This is the forecast I made & the time is given. As long as the stop doesn't trigger, the view holds good. Need to be patient, the mkt I think needs to make one more high.
Nifty is still a buy. Spot Nifty -Longs can target min 5888 by next week spot basis. Stops is below 5620. Mkt already looking like corrected. 5960-70 will be a level to watch for upper reversal.
| acharyams wrote: | | shashangan wrote: | Play with stops. I still feel one high is pending for Nifty to turn overall bearish. So I recommend 5695 & below is a buy spot basis with tight stops below todays low 5660 or safe stops below 5620 - Spot basis Nifty.
Gautham Shashangan |
Gautham Shashangan,
Do you still bear the same view for this week? |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #5618 Posted: Thu Oct 25, 2012 11:49 am Post subject: Good luck |
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I am not very active here, I am not a full time trader. so I apologise if my replies is late or doesnt come. I manage my own funds in my spare time.
I wish I had a chunk of money & just sit & only trade. Anyway Good luck.
Gautham Shashangan |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5619 Posted: Thu Oct 25, 2012 11:55 am Post subject: |
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| I feel 5900+ is possible in nov. Banks are discounting rate cut and may go down after rbi policy data is known. Buy then |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #5620 Posted: Thu Oct 25, 2012 11:57 am Post subject: Re: Near Buys now |
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A break of 5740 which could happen today, will trigger the stops towards my target 5888 & 5900+. The biggest challenge is the Rupee. The rupee probably may start strengthening from next week.
| shashangan wrote: | This is the forecast I made & the time is given. As long as the stop doesn't trigger, the view holds good. Need to be patient, the mkt I think needs to make one more high.
Nifty is still a buy. Spot Nifty -Longs can target min 5888 by next week spot basis. Stops is below 5620. Mkt already looking like corrected. 5960-70 will be a level to watch for upper reversal.
| acharyams wrote: | | shashangan wrote: | Play with stops. I still feel one high is pending for Nifty to turn overall bearish. So I recommend 5695 & below is a buy spot basis with tight stops below todays low 5660 or safe stops below 5620 - Spot basis Nifty.
Gautham Shashangan |
Gautham Shashangan,
Do you still bear the same view for this week? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5621 Posted: Thu Oct 25, 2012 11:57 am Post subject: |
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| For the day traders, if somebody can keep a stoploss just above 5714, one can think of selling Nifty on rises, I feel....that means selling on every rise with a tight stop....the risk-reward favours the trade....5714 and 5738 are the levels to watch on the upside today...on the downside, the range 5680-5670 will offer reasonable support. Below that 5640 could be tested. Current rate is around 5705....watch out... |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #5622 Posted: Thu Oct 25, 2012 12:03 pm Post subject: Confused Rupee |
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The nifty is stuck due to Rupee followers. The rupee has to strengthen on its own trend. But The rupee trend looks confusing though since Euro has to weaken against $ next week. So Nifty on its own according to me has to make a new high. Let's wait & watch.
Gautham Shashangan |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5623 Posted: Thu Oct 25, 2012 12:50 pm Post subject: |
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| 5700pe and ce are neck to neck. and nifty and sbin are carrying some positive divergence. europe is positive, we could get some surprise spring later on as part of short covering or rollover. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5624 Posted: Thu Oct 25, 2012 1:12 pm Post subject: |
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| apka wrote: | | 5700pe and ce are neck to neck. and nifty and sbin are carrying some positive divergence. europe is positive, we could get some surprise spring later on as part of short covering or rollover. |
Banks could be the spoilers as I have mentioned earlier....even Metals, Capital Goods and IT are around key levels as well....so, its anybody's guess....that too on an expiry day..... hmn...so, let's wait and see where its gonna settle at the end of the day.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5625 Posted: Thu Oct 25, 2012 1:16 pm Post subject: |
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| expiry of 5725 is more likely than 5675 |
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