Tuesday, November 20, 2012

Nifty @ channel support of 5550 with +ve div in Hour TA...& an OS Day TA..

Happy Birthday to dear Manu Mahajan.

12 comments:

Piyush Sharda said...

badhainyan manu paa jii

Dinesh Rishi said...

Mannu Paa ji tussi tay sanu bhul gaye

par Master Never forgets

Manny Manny Happy Returns of the day

No Cheers!!!!!!!!!!!

only Tablesssssss

mynac said...

Happy Birthday Dear Manu,

It looks you are too busy to visit...nevertheless if possible then just say Hello Dear Friend...

Have a nice day and year ahead...

J.R.Julius said...

@Mr.Manu Mahajan,
Wish You a Very Happy Birthday.

Suraj said...

Mr.Manu Mahajan,
Wish You a Very Happy Birthday.

Kumar Technicals said...

Dear Manu!

Many many happy returns of the day, Happy Birthday to you. May God bless you good health, wealth & all happiness.

Rgrds,

Kumar

Bhushan said...

Dear Mannu ji
Happy Birthday to you :D

Bhushan said...

Dear Mannu ji
Happy Birthday to you :D

navtash said...

HAPPY BIRTHDAY MANU MAHAJAN !!!!!

rajiv malik said...

breaking news- sebi bans mini nifty

http://www.business-standard.com/india/news/sebi-bans-mini-derivative-contracts/196595/on


Sebi bans mini derivative contracts
NSE will have to discontinue its product after its three month contract of Mini Nifty expire in December
Palak Shah / Mumbai November 20, 2012, 18:44 IST

With a view to keep retail investors away from the derivative segment, the Securities and Exchange Board of India (Sebi) today asked stock exchanges to discontinue mini derivative contracts.

The National Stock Exchange (NSE) had mini contracts for its key benchmark index S&P CNX Nifty. Bombay Stock Exchange (BSE) had applied for re-launching mini contracts for Sensex to Sebi.

The lot size for mini contracts is half that of regular index contracts and retail investors, who wanted to trade derivatives, were able to take advantage at half the cost. Sebi had approved them in 2007 but now felt they were attracting lot of small players.

“With a view to ensure that small/retail investors are not attracted towards derivatives segment, it has now been decided to discontinue mini derivative contracts on Index,” Sebi said.

NSE will have to discontinue its product after its three month contract of Mini Nifty expire in December. However, third exchange MCX SX will not be affected by the move as it has said that their thrust will be mainly on delivery based trading rather than derivatives.

Savio Shetty, Strategist, Prabhudas Lilladher said, “Discontinuation of mini contracts won't have much impact on the derivatives market volumes as the open interest in this product was already very low.”

"Discontinuation of mini contracts is largely a non-event from the market point of view as open interest in these contracts were thin. The product was meant for a very specific category of investors who wanted to take small size bet on Nifty. Retail investors always have an option of trading in Nifty contracts which are highly liquid," said Yogesh Radke, head of quantitative research at financial services company Edelweiss Securities

Experts say while Sebi has taken step to discourage derivative trading for retail investors, government too needs to do its bit by bringing down securities transaction tax (STT) in cash equities. STT on derivative trading at 0.017% lower than that in cash equity segment, which is at 0.025%.



HARISH TAHKKAR said...

Respected Dinesh Rishi Sir,
You are one of most precious gems of JUST NIFTY.
For most of blog readers,you are a symbol of disciplinle & GURU.Human beings are made emotonal,so,we do have frictions with most near & dear ones like parents,wife,childrens,friends
Forgive and forget.Your prencence makes the lot diffirence to all including you.

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