Last two series went so bad and there is third one in the making, so quite understandably member's spirit is low. I am sure after a good surge (after a good dip!!!!!!), momentum will pick up!
ICICIBANK has declared a Dividend of 16.50 therefore the equity price is higher than the Futures.... Whenever one comes across such price differential ...one should first check if the equity is pregnant with dividend or not....!!!
Today's Icici bank is Rs 893 and same Icicibank may futures is Rs 880.
There is some 13 rs difference in equity and futures, so what does this mean.
Is a gap between equity and futures price a good thing or bad and does this behavior gives any trend message..
Most of the other future stocks in my watchlist are quoting higher or nearly equal to their equity price but only Icicibank is quoting at less price..
LIC, SBIN & DELTA you have been Trading from March & April Series.....you maybe sitting on some loss perhaps in DELTA ....while LIC & SBIN should still be in decent profit ...considering April series you entered SBIN around 2087....while Ambuja was never recommended by me to BUY.....!!!
Please update your May series prices.....for all your open position