Nifty Futures Trading

[orderflow13]

Alex, I am happy that I edited my message, posted after you, to express exactly the same thing, though, I had NOT read your message, when I did that.

But whatever you have expressed, exactly that doubt peeped in my mind too.

Incidently, from your photo that has been 'published', I wonder if you are in Film & Television Institute, also in Pune...?

about pledge thing, i cant forget that dreadful scenario plyed out in orchid chemicals, promoters pledged shares sold by brokers to meet the margin of loss making client ( promoter )
Let big boss Asish da explain how safe it is for guys like us.

 

[uasish]

Only 2 Govt. Institution ,NDSIL & CDSIL,are authorised to hold our Demat A/C.
A country having crores of Demat having shares worth of few Lack Crores is a HUGE sum,only 2 Institution can Hold them.
Now to help retail investors availe this facililty ,who are spread over the country these 2 institution has say given Franchise to Banks & Brokers to work as their front office.
After T+2 these shares purchased & paid for are transfered to these 2 Govt firms.
This is the Rule.
Now as Rs 12/- is charged per Companies Scrip by NDSIL/CDSIL whenever we withdraw from our Demat (our say safe deposit box)irrespective of the Qty.Say i sell 10 Tisco & 10000 IFCI,the charge would be Rs 12.00 * 2 company.
Now when i buy say 3 companies share in Monday & sell those 3 in thursday & again sell 3 co's scrip (those bought in last friday) on Friday then 6*Rs12.00 is the expense i incur as demat charges to NDSIL/CDSIL.Like wise in 4 weeks of a month 4*Rs72= Rs 282.00.
Above those Rs12.00 each Broker or Bank working at the Retal's front ADD some more (as their service expense) & it varies from Rs 10.00 to Rs 100.00 from Bank to Bank ,broker to broker.So on my 24 trancsaction in a month an additional Rs 240.00 min.hence Rs 282.00 + Rs 240.00= Rs 522.00.
Here enters the cache situation,my broker offers me to avoid this monthly Rs 500.00 i can opt to keep these shares in their POOL A/C.(Which will not go to the NDSIL/CDSIL but kept at Broker's Pool A/C,these broker's can hold such A/C legally on the plea that many clients avail Margin facilities hence until the margin amount is paid how can they send to NDSIL/CDSIL as these shares are NOT PAID FOR).
So from the broker's side BTST & many other offers like Margin enters to allure us.
If my shares are in Demat NOBODY even the President of India can not get those shares until i sign the 'Delivery Slips'.Again the broker is given the POA (Power Of Attorney) at the time of opening my A/C with the Broker that they can issue 'Delivery Slips' on my behalf.
Hope now the things are clarified.If i buy in my money & insist that these be transfered to my Demat then i am relatively safe.

 

[uasish]

Their is a misconception that as my shares are with Axis Bank or HDFC Bk's demat hence they are relatively secured.Actually my shares are with NDSIL/CDSIL not with these Banks.
So what we should do,plz ALWAYS select a Broker having National Footprint (these are supposed to be better off & having Good internal survelience & compliance).
Try to be as much as possible to be in own money,otherwise many situation will arise i will lament Ohh ! my broker is a crook he has done this & that ,boss he is just utilizing my short comings i cant be both indebted & ask for justice & blame him,becoz he is doing nothing illegal.

 

[Czar]

Today is D-Day, wishing To Sir With Love, The Best of the Best.

 

[praveen taneja]

Today is D-Day, wishing To Sir With Love, The Best of the Best.

Ya sir sad to see this thread w/o him see no one is here if he is not here my sincere request to Sir pls think again on ur desicion n n ur students who love u so much really Miss u

 

[nagendra_gb]

Seniors please post ur views never seen this lively thread so dull..

 

[new2sm]

3044 is R2

 

[tinchu76]

Double top in 5 mts??

 

[Sunil]

Double top in 5 mts??

will be effective when LOD breaks...

 

[nagendra_gb]

2990 to 3000 is giving good support