So friends, Fresh Series has just taken place like Sehwag's opening.
The main reason behind was apex bank's verdict on 2G spectrum - all natural resources did not have to be allocated through a public bidding process and that public good was more important than revenue maximization.
October is the month of corporate earnings too, so market will remain volatile and will react sharply on corporate earnings of Industry heavyweight.
Some experts are also expecting some more relief from RBI too.
Many other reform announcement and progress on reform announcement will also decide market move.
So lets start having thought on in what way we are moving on.
Please also share any kind of news which you think could be part in deciding market movement.
Have a great weekend.
The main reason behind was apex bank's verdict on 2G spectrum - all natural resources did not have to be allocated through a public bidding process and that public good was more important than revenue maximization.
October is the month of corporate earnings too, so market will remain volatile and will react sharply on corporate earnings of Industry heavyweight.
Some experts are also expecting some more relief from RBI too.
Many other reform announcement and progress on reform announcement will also decide market move.
So lets start having thought on in what way we are moving on.
Please also share any kind of news which you think could be part in deciding market movement.
Have a great weekend.
Thanks guruji..for ur compliment.
ReplyDeletelooking forward for making positive points from monday..tomorrow will be bappas see off day...have a lovely weekend to all blog members..
Yes, To enter in right time, patience is required. The only mantra is patience.
ReplyDeleteThanks guriji. I had controlled my self.
Yesterday,in the opening I sold all my scrips and got profit. Then after selling , my mind was rethinking about purchase of those scrips again.Because those were rising and rising.But I didn't.
_Madhu
Dear Mudra Ji,
ReplyDeleteFollowing your blog for last few days. For me it would be great help to learn from you. Appreciate a lot for your attitude for helping others selflessly. Keep It Up.
Thanks Mudra for yesterday's advice. Yes, you are right once we have some profit 50 - 100% for the series we should just wait for longer for opportunity or wait for the next series.
ReplyDeleteI had made very good profit many times, but at the end of the month they just got wiped out because of my temptations..
Dear Mudra, what's your opinion on Infy the result is going to be on 12th? so one can look for call and put options hedging the risk as it's going to gap up or gap down 5 to 10%.
ReplyDeleteNot sure what level and what strike needs to buy, if anyobdy is closely following or more technical..please share.
Hi MG,
ReplyDeleteI am a big fan of yours. Keep guiding us.
thanks a lot...
Hi MG is Zerodah good?
ReplyDeleteI haven't try it, but you can, if found good one then inform other board members too.
DeletePlz contact Lakshmi Ganesh, he/she is using Zerodha, might be he/she will get certain advantage too by referrals.
Or anyone who is using zerodha can put info here.
Hi Guru,
Deletecurrently i am using Zerodha.
Its terminal is NSE ONLINE. So very fast as compared to other terminals. Charges are flat for options. 20rs per trade.
Thanks Selva for the info.
DeleteInfy - its not clear when they are going to announce results. Right now its showing weakness but soon it will have good up move.
ReplyDeleteDear MG,
ReplyDeleteOn 4th Oct, again a meeting for land aquisition bill is taking place. I think if this bill gets approval (which is looking possible seeing govt's mood) all realty players specially HDIL, UNITECH may rally again 10-15%.
Please share your valuable advice.
Dear MG,
ReplyDeleteIs it right time to enter into Pantaloon Retail and Kingfisher Airlines? Please pour-in your valuable comments.
Rgds
Dear All - Thank you all for your great appreciation for my small work.
ReplyDeleteSelva - I know about Zerodha charges, in fact anyone can find charges & process on their web, but as per my knowledge - they dont provide contracts notes & few other facility like margin exposures are not providing by them. Please share more details.
Also will you get any benefit by referring new members to them, if YES then you can make a request here to contact you for a/c opening, I wont mind if some of our blog member can get certain benefit.
MG,
DeleteZerodha provides contract notes by email at end of day and also sends a consolidated sms for daily trades in evening. Margin exposure is given 3 times for intraday equity trades. They don't provide any margin for delivery and fno trades. But the special thing is that total charges for buying ans selling any option comes to around 50rs overall irrespective of number of lots.
I mean u can buy any number of calls/puts in one order and they will charge only 20rs.So its overall good.
Best thing is its terminal which gives lightening speed to your trading abilities.
I have opened trading account with them and not the demat account. Benefit of trading account i that you will be charged a one time 200rs only. No annual fee.
If you open demat account and will be charged 300rs extra annually as maintenance charges.
I don't trade to take delivery in ZERODHA account, so i am happy with demat account only. For taking delivery of shares, i use another demat account (indiabulls). ZERODHA is best for fno traders.
Referral - On each referred friends trades, i will get 2rs. So, if any friend wants to open an account please let me know. I will be more than happy to help you in any possible way.
Dear Selva Raj,
DeleteI too using Zerodha. But I am having problem with NEST PLUS chart. I called customer care(Omnesys) but till now my problem is not solved. Can I get any suggestions from any of my friends here. Will be of great help.
hi Selva Raj,
Deletehave some doubts/questions
1. what is the money transfer process for zerodha??(I have my bank account in hdfcbank....can I transfer money via netbanking(from hdfc to zerodha and from zerodha to hdfc)?? Or it is that cheque based transaction??)
2. Actually I dont know a very basic thing....what is difference between demat account and trading account???(at the time of creation I just signed 40 times on a form and my savings demat trading have been created,so never tried to find the difference)
3. If I open a trading account there do I have to open a demat account also there or my hdfc demat account will be sufficient??
4.Is there any other hidden charges??
5.I normally trade from my office...and I do it through hdfcsec website ....the trading of zerodha about which you are talking is it a software or a web version like hdfcsec??? (if it is a separate software then probably I cant use it due to various security reasons in office)
Thanks.:)
KFA - Failed to present a viable solution to lender on the development of FDI discussion. So one can wait for aprx 20% correction.
ReplyDeleteRealty - HDIL was weak y'day, I am guessing it to around 92, as inflation remain worry for realty sector, plz remind me on 2nd Oct. will have a look on 4 Oct. possible outcome.
PNR - Seems good going, one can enter for Mid term bet, my guess with a small correction say 10% to TG 250+ around or before Diwali. In fact I missed it on Thus at 195. Tension of expiry didnt give me chance to make fresh entry as was got stuck with some position JSPL short.
Whats PNR MG?
DeletePNR is Pantaloon Retail
DeleteInfy - keep reminding, my view one can accumulate somewhere between 2350-2450 for Mid term TG 2700+ Right now its weak due to various factors.
ReplyDeleteWhat does "KFA" means?..
ReplyDeleteKingfisher Airlines
DeleteThis comment has been removed by the author.
ReplyDeleteOoops..! Thought edited the post but deleted it! OK, will retype what ever I can recall.
ReplyDeleteHi MG
Thanks for remembering my name, though I posted very limited here. And also mentioned it regarding Zerodha Account Opening. If anybody wish to open accounts under my referral they can mentions Referral ID: HODL0066 under Introducer's details. Traders do not pay anything extra for doing this.
I actually tried editing the post from here in brackets after deleting the previous post on suggestion from my wife.
(Inspired by your honest work here, I do share my knowledge & views, news & views (Including your's)I come across to contacts I get though referral program.
I do get some referral for this. I use this referral amount + my extra free earning from other stuff I do in my free time + part of my personal earnings(job & trading) to make it Rs. 25K/PM for charity purpose. If the first 2 components cross 25K/PM I stop contributing from 3rd component. At the same time I use full amount of first 2 components even if it cross 25K (till unlimited) to charity. LIVE and LET LIVE policy. I wanted to be clear on what I am doing as the service MG does here is honest and earn money to traders at no charges.
PLEASE NOTE: I am not requesting/insisting anybody to open accounts through me in ZERODHA nor promoting it. Do not get carried away by this, as my updates to fellow traders either here or elsewhere are not regular like MG does, they solely depend on my time availability)
It has been morethan 2 months after I started trading with Zerodha and found the following when compared to my other account with Indiabulls. I do not know about any other brokers and their charges/platform
1. Option price refresh/updates are too good/fast in zerodha and Indiabulls refreshes Option prices at least 30-50 seconds later than Zerodha, sometimes it is over 2 minutes.
2. Indiabulls charges me 40+40 per lot and Zerodha charges 20+20 per trade
3. While Indiabulls take 2-4 days to credit my withdrawals to Citi Account, Zerodha takes 1 working day to credit to my HDFC Account.
4. In Indiabulls I can add lot of scripts to Watch List but in Zerodha it is limited to 30. This should not be a serious issue for traders who follow mentor/adviser/supporter/analyst like MG, when compared to charges and slow refresh of Option Prices.
REGARDING SHARING NEWS/VIEWS/OBSERVATIONS: In September series I observed PantaloonR 200 strike options activating when its price was trading at around 120 and it moved beyond 200 in the same series. Now, in current series I observed almost the same happening in DABUR. Now while it is trading around 129 its 170 strike options are activating. MG's and other professionals' observations/suggestions on this will be helpful to all of us.
Lakshmi, I need some clarifications on the trading account stuff how can I reach you I want to discuss it offline.. you can drop me your email at bond7268 gmail.com
DeleteThanks
Hi Ram
DeleteI sent an email from luk2ganesh@gmail.com, hope you got it in your inbox... Thanks
Thanks Selvaji & Lakshmiji for info on zerodha.
ReplyDeleteFriends, whoever want to switch to trade account plz contact anyone as per your convenient, nothing wrong if one of our friend gets certain advantage as you dont need to pay anything extra for that, even they will guide you to process fast.
I am not using it but had thought for Zerodha few months back but my trade amount does not permit me to switch as I am trading with low amount and I trade only 1-2 lot and paying only 32 per lot including all (single sided) which is comfortable but when it comes to more lot then really I am paying higher.
Friends
ReplyDeletePlease do not miss to respond to this part in my above long post:
REGARDING SHARING NEWS/VIEWS/OBSERVATIONS: In September series I observed PantaloonR 200 strike options activating when its price was trading at around 120 and it moved beyond 200 in the same series. Now, in current series I observed almost the same happening in DABUR. Now while it is trading around 129 its 170 strike options are activating. MG's and other professionals' observations/suggestions on this will be helpful to all of us.
Should we wait for some correction on that strike as it has surged by Rs 3 on Friday? What will be ideal level to enter?
DeleteThanks Lakshmiji, I tried to have look on it but somehow I am not getting any clue at the moment but thanks I have put it in my track list, its good sign that ppl have 170 strike got activated but some it could be only gambling as they have just filed a case against Amar Remedies and I hope result of this will definitely affect the scrip.
DeletePlease also keep all us updated, to my view very balanced move so need to watch, if found on my part then will make a call. As I never go against Nifty & market sentiment. So first we need to close above 5740.
Yes MG ji I am also not jumping on to trade DABUR based on that piece of clue but monitoring and glad that you too kept it on your radar.
ReplyDeleteI am feeling NF 5767 is critical resistance and 5665 to 5620 as support area. However follow your MB closely to be in sync.
Dowjones closing in -ve for few sessions (Also formed weekly -ve candle after good up trend) that is also another worry to go long Nifty/Stocks right away. Shall wait for your confirmation of trend.
Also getting some rumor that Hindalco is set to reach 130 by 4-5th October, not sure why but noticed 110-130 strike options activity. If the stock is on your watch list and if you have any info/news please do share, thanks. If not ignore it, please do not stress yourself.
Hi...soumiksletter, please do not jump to trade just based on the piece of info I passed. Please wait for conformation by MG and other experts.