General Trading Chat

[TraderRavi]

Whats the rule if they pay instead of shares (which the lady told on phone)? At what price?

read this

https://www.nseindia.com/products/content/equities/equities/exceptnl_situations.htm

 

[vivektrader]

read this

https://www.nseindia.com/products/content/equities/equities/exceptnl_situations.htm

"Closing out in the case of failure to give delivery for Normal Market
Close out will be at the highest price prevailing in the NSE from the day of trading till the auction day or 20% above the official closing price on the auction day, whichever is higher".
Is this the amount they will credit to the buyer or its what they will charge the defaulter? or both

 

[vijkris]

Recieved this message from Z. :lol:

Owing to the expected volatility on Budget day, intraday leverage across product types (MIS,BO,CO) will be lower than usual for EQ F&O, and Currency segments.

 

[travi]

Recieved this message from Z. :lol:

They've said lower but it will be 0, literally NRML.
Whether it is or isn't is still one thing, but servers shouldn't hang.

 

[vivektrader]

18 lakh taxpayers to get I-T notices to explain 'suspicious' deposits made after Nov 8
http://toi.in/1yU66Y/a19li

Vivek

 

[Vertigo_1985]

Anyone playing BN straddle for tomorrow ? any insights ?

 

[travi]

Anyone playing BN straddle for tomorrow ?

Definitely worth to execute (long straddle) but wait for prices to settle after opening and check IV. It was already around 40% today.

 

[traderniftybull]

Trading range anticipated for today (may extend tomorrow also)

NF - 8555 - 8777
BNF - 19444 - 19999

 

[bpr]

Ok yesterday H1B reform bill was placed to increase minimum wage to $60K to $130K
All IT stocks down 3 to 5percent.
if the bill goes through, which it will smoothly as republicans have majority in both the house there could be major downturn or swing short in IT.

But there is one counter point that the IT companies will simply pass the cost to Client (American Cos) Question is will the American co accept such increase without any hitch?

or other option is 2/3rd of the H1B workforce will be sent back.

or may be bit of both.

Either way negative for IT sector for next 1 year or so

EDIT: but in the long run the IT companies will slowly pass the entire cost along with their margin to American cos and enabling them to make much more money than what they make currently.

Will be interesting to watch how this goes down.

 

[Vertigo_1985]

Definitely worth to execute (long straddle) but wait for prices to settle after opening and check IV. It was already around 40% today.

Yeah, IV is already on the higher side and i dont have much real knowledge about how it changes during events.
Can IV decrease even if we have big move(during the move itself and not after it settles) ?

Considering the example of last years budget how IV would have changed with the moves ?

http://imgur.com/jXS8BY8