Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
What do you expect from a market trading at 28-28.5 P/E to do? How long can it sustain at such high levels? Obviously, people should not cry now as they should have booked profits and stepped aside. Moreover, was this market even fundamentally strong? I doubt it given that our banks are in doldrums, no capex for years. Demon, GST etc sucked the juice out of the economy. How long can one lie and paint a rosy picture. This should have happened long ago. Falling from higher is only more painful.
Apart from some intermittent bounces here and there, I dont see much upside at all. In another 2 months we finish the year. From Jan onwards all the election hoopla will begin and the market will be even more careful. Imagine, what will happen if BJP doesnt form a majority government (assumptions only for the sake of discussion). This market may simply collapse 20-30%.
Apart from some intermittent bounces here and there, I dont see much upside at all. In another 2 months we finish the year. From Jan onwards all the election hoopla will begin and the market will be even more careful. Imagine, what will happen if BJP doesnt form a majority government (assumptions only for the sake of discussion). This market may simply collapse 20-30%.
Total carnage today 
Argentina's currency i.e peso has depreciated by close to 120% so far. You have to go to the market with a small bag full of cash to buy grocery 
If we analyse option chain, 10500 PE has highest OI, and below that fragmented OI only. Bears have the edge so 200 pt swift fall. Still no big support exists due to Nifty Option chain below 10500.
Now, overconfident 10500 put writers are facing the heat.
Now, overconfident 10500 put writers are facing the heat.
IL&FS Group companies count stands at a whopping 348!
The emergence of additional IL&FS entities could pose further challenges for the board.
More skeletons are popping out of the IL&FS balance sheet. Turns out that the group has 348 subsidiaries, more than twice the figure of 169 disclosed by the company previously.
"There are 348 entities in the group, significantly larger than we expected. So it is big task," Chairman of the new board Uday Kotak told reporters on October 4. "The first objective is to work towards a comprehensive roadmap on the way forward…we have listed down about 3-4 alternatives available to us as the next steps."
"Keep in mind, for us to be able to assess, obviously we will look at the larger companies first, to be able to have a view on a whole maze of 348 entities is something which is more than double of what was the earlier assessment of the number of entitites," Kotak added.
https://www.moneycontrol.com/news/b...s-count-stands-at-a-whopping-348-3014761.html
The emergence of additional IL&FS entities could pose further challenges for the board.
More skeletons are popping out of the IL&FS balance sheet. Turns out that the group has 348 subsidiaries, more than twice the figure of 169 disclosed by the company previously.
"There are 348 entities in the group, significantly larger than we expected. So it is big task," Chairman of the new board Uday Kotak told reporters on October 4. "The first objective is to work towards a comprehensive roadmap on the way forward…we have listed down about 3-4 alternatives available to us as the next steps."
"Keep in mind, for us to be able to assess, obviously we will look at the larger companies first, to be able to have a view on a whole maze of 348 entities is something which is more than double of what was the earlier assessment of the number of entitites," Kotak added.
https://www.moneycontrol.com/news/b...s-count-stands-at-a-whopping-348-3014761.html
IL&FS saga: Here are answers to the Rs 90,000-crore questions investors have been asking
Only a month ago, Infrastructure Leasing & Financial Services Ltd (IL&FS) was a trusted name in the financial sector or infrastructure sector. However, when a company with a debt of over Rs 90,000 crore defaults, news about it travels fast and wide.
IL&FS is now a household name for all the wrong reasons. To give a perspective of the size of money at risk, here is a fun fact — the amount of debt that IL&FS owes is 10 times that of Vijay Mallya’s Kingfisher.
We take a look at the five Ws (who, what, where, when, why) and the H (how) of the entire IL&FS saga:
Who is responsible for the default?
The management of IL&FS is mainly responsible for the default. Poor management decisions resulted in IL&FS financing and getting itself involved in projects that were either unviable or had a long gestation period.
The company, which started out as a financing arm for infrastructure projects, started building them. However, the long gestation period of the projects was not matching with the short-term, high-cost fund that the company was able to raise, thus causing an asset-liability mismatch.
Stress on IL&FS books was visible much before the institution defaulted on its loans, yet the management did not take the issue seriously. Reports say the Risk Management Committee of IL&FS did not even meet for two years.
What caused the default?
While the management and the board of directors of IL&FS have to take the blame, there are other factors too. A slowing economy and rising default resulted in few financiers willing to participate in infrastructure projects. Add to that bureaucratic red-tape and we have the perfect mix for disaster.
While IL&FS stretched itself on generating funds and raising money from the market to feed its numerous subsidiaries, it was let down by the government when it came to releasing funds as part of the concessions.
Under the concession contract, a private partner gets exclusive rights from the government to operate, maintain and sometimes even carry out investment in a public utility for a given period of time. Revenue to the private party comes from the user fee charged to users of the facility while the government gets a fixed sum or a percentage of revenue.
https://www.moneycontrol.com/news/b...tions-investors-have-been-asking-3014751.html
Only a month ago, Infrastructure Leasing & Financial Services Ltd (IL&FS) was a trusted name in the financial sector or infrastructure sector. However, when a company with a debt of over Rs 90,000 crore defaults, news about it travels fast and wide.
IL&FS is now a household name for all the wrong reasons. To give a perspective of the size of money at risk, here is a fun fact — the amount of debt that IL&FS owes is 10 times that of Vijay Mallya’s Kingfisher.
We take a look at the five Ws (who, what, where, when, why) and the H (how) of the entire IL&FS saga:
Who is responsible for the default?
The management of IL&FS is mainly responsible for the default. Poor management decisions resulted in IL&FS financing and getting itself involved in projects that were either unviable or had a long gestation period.
The company, which started out as a financing arm for infrastructure projects, started building them. However, the long gestation period of the projects was not matching with the short-term, high-cost fund that the company was able to raise, thus causing an asset-liability mismatch.
Stress on IL&FS books was visible much before the institution defaulted on its loans, yet the management did not take the issue seriously. Reports say the Risk Management Committee of IL&FS did not even meet for two years.
What caused the default?
While the management and the board of directors of IL&FS have to take the blame, there are other factors too. A slowing economy and rising default resulted in few financiers willing to participate in infrastructure projects. Add to that bureaucratic red-tape and we have the perfect mix for disaster.
While IL&FS stretched itself on generating funds and raising money from the market to feed its numerous subsidiaries, it was let down by the government when it came to releasing funds as part of the concessions.
Under the concession contract, a private partner gets exclusive rights from the government to operate, maintain and sometimes even carry out investment in a public utility for a given period of time. Revenue to the private party comes from the user fee charged to users of the facility while the government gets a fixed sum or a percentage of revenue.
https://www.moneycontrol.com/news/b...tions-investors-have-been-asking-3014751.html
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