Day Trading Stocks & Futures

[jonty47]

I am thinking I will be focusing on trades & be buying the following mutual funds on a regular basis:

1.) Axis Long Term Savings Fund ELSS

2.) Parag Parikh Long Term Equity Fund

3.) Aditya Birla Tax Relief 96

All the above would be growth funds only. After a lot of deliberation, atleast at this stage I have arrived at the conclusion that I am much better off swing trading and not worrying much about the equity holding/ long term investment part of it.

I think heuristics wise, given the other stuff that is going on in my life, this is the best possible solution at the moment.

Atleast have a multicap fund to diversify,

 

[Raj232]

market itni slow kyo hai bhai

Market is waiting for big traders like yourself.. sirji

EDIT: probably RBI announcement later today... then the big move will happen

 

[Raj232]

If anybody is using NPS. Now the the limit for equity exposure has been raised from 50% to 75 %.Good time to change that as well.Since it is very loong time.

will wait another 3 months for market to bottom out.. then move to more equity in NPS..

 

[nitingosavi]

@nitin bhai, BNF uda to 25100 ko thokega.

View attachment 29158

Yes Ravi bhai. I expect a little higher 25300 around.
dont know kahan tak girega. trend is wild RED only some symptoms of a bounce.
but today no trading till policy announcement.
aaj khichadi paknese pahle khana nahi hai. test of patience.

 

[vikas2131]

Could someone here tell me about a reliable mt4 data provider ?

 

[Raj232]

BankNifty might give a dip anytime to be in line with Nifty...

... just stiing on the sidelines.. expecting a 100 point fall in BankNifty .. any time now

 

[Riskyman]

If anybody is using NPS. Now the the limit for equity exposure has been raised from 50% to 75 %.Good time to change that as well.Since it is very loong time.

For some reason, I personally do not favor things like NPS where you contribute the money but you can withdraw only 40% of the corpus at 60 years. Additional withdrawal of 20% is allowed but is also taxed. So you cannot rely on your own saving to save your ass if there is crisis in the family (you can withdraw only 20% before 60 yrs). Also, this fund is managed by AMCs like Icici and HDFC. The only benefit I see is you get tax exemption under 80c which you would get even if you invested in ELSS.
Moreover, the government doesnt contribute anything to this fund.

However, its is fine to put small amounts into this and forget and not count on it for emergencies.

 

[afin]

Sorry, I havent been able to compile the list. I will do so on this weekend and stick it here.
Even if one invest 5000 Rs every month and if it can make 15% compounded returns on your portfolio, it can make a decent wealth in the long term of say 20-30 years.
This is money we would be wasting in stop losses, excess taxes due to over trading, faltu karcha on gadgets etc. So this 5k need not even go from our pockets if we plan well.

True! 15% compounded over such a large time frame is a lot of money. I would have 2 different mutual fund accounts for two different purposes - 1 for my kid & 1 for my retirement.

 

[rahulmalik]

I just shorted TS FUT at 583. now waiting..

exit at 573

 

[Riskyman]

Tata Steel 560????