Friday, November 23, 2012

Nifty sets up another base no:5594 after the 5548 for this uptrend to continue...


17 comments:

Buy and Sell Nifty said...

Weekly trend is down with Nifty closing below 5week ema. But you are suggesting uptrend in daily with these nos. How so?

Vineet Kumar said...

Respected Sir Ilango (RSI of the blog),

weekly trend is down because of 5ema but why 5661 is important instead of 5458/5514 for monthly trend.

Thanks in advance

Shradha Saburi said...

Friends, Good evening
monthly JNSAR trend is rising.
weekly JNSAR trend is down but almost become the flat.,whereas day JNSAR trend is from today turned upward .We may have rise in day JNSAR on Monday.
Today also Nifty came back in uptrend after taking hour JNSAR channel support(for Monday it is 5602-5621)
global cues are flat but not negative .Dollar index trading below 81.
though we do not have strong positive signal but now not negative also.
so I can view this consolidating bullish trend
until the 5594 is protected and below that 5565
this is just my view.
regds

Theory and Practical on Nifty said...

Correction A & B of 5 wave rise from 5548-5643 completed at 5594 & 5632 with B doing 78% of A
C may take us to 5505 in maximum 2 days

Kumar said...

Namaskaaram GuruJi and All Friends

I am Kumar. I am trying to find the best brokerage. I have opened the sharekhan without knowing much details.

Following are the brokerage structure of Sharekhan.

For Intra-day Trades :-

0.03% on the buy side and 0.03% on the sell side. This is subject to a minimum brokerage of 3 paise per share.

For Delivery Based Trades :-

0.25% or 10 paise per share or Rs. 16/- per scrip whichever is higher.
NOTE: Delivery Handling charges of Rs. 16/- will be applicable only on SELL Delivery Transactions.

For F&O trades :-

0.1% on the first leg

0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.

Please note : Brokerage on Options trades will now be charged on the Premium component instead of the Strike Price which was levied earlier. Brokerage will be charged as Rs. 100/- per contract or 2.5% on the premium (which ever is higher) as per the SEBI circular guidelines.

The Transaction Charges are :-

NATURE OF TRANSACTION - RATE OF STT (Charged on Traded Value)

Delivery based transaction in equity - Buyer and seller each to pay 0.1%

Non-delivery based transaction in equity - Seller to pay 0.025%

Derivatives ( Futures ) - Seller to pay 0.017%

Derivatives ( Options ) - 0.017% only on sell side if Squared off. (on premium)
0.125% to be paid by purchaser if Exercised. (on settlement value)

Stamp Duty 0.010% for delivery based trades and 0.002% for intra-day trades.

Stamp Duty - Derivatives (F&O) : 0.002% for Futures on actual price and 0.002% for options on premium.

Service Tax 12.36% on Brokerage + Transaction Charges ( 12% Service Tax + Education Cess 2% of Service Tax + Higher Education Cess 1% of Service Tax )

Turnover Tax 0.00335% for Cash Segment (0.00325% + 0.0001% Sebi Turnover Fees) and 0.002% for Futures on actual rate (0.0019% + 0.0001% Sebi Turnover Fees) and 0.0501 on premium ( 0.05% + 0.0001% Sebi Turnover Fees).

Please throw your light on this, to find the best one. Hope it could be helpful to everyone.

Thanks in advance.

Pranams
Kumar

kapil said...

@ vineet 5661 is devlopiing MHEMA ,close below it on 30th will make monthly trend sideways

Vineet Kumar said...

@ Kapil

Kapil ji, means close below 5661 will not confirm downtrend. Am I right ?

charan prasad said...

Good evening friends...

can anyone help for high-ma and low-ma whether exponential or simple will better option option trading

kapil said...

close below MHEMA signifies loss in momentum of uptrend, (not downtrend)

varun kumar said...

@ dear kUMAR
i am paying Rs. 10 per lot for any future stock of nifty or bnf for buying and Rs 10 for selling side . and the other charges are standard like stamp duty , STT ETC. SO I AM PAYING RS 80-100 APPROX FOR BOTH BUY AND SELL WHETHER IT MAY BE INTRADAY OR POSITIONAL.
THANKU

varun kumar said...

TODAY I PAID RS 700/- AS BROKERAGE FOR 7 LOT BANK NIFTY FUTURE BUYING AND SELLING SIDE, 2 LOT NIFTY OPTION BOTH SIDE AND 2 LOT STOCKS OPTION BOTH SIDE INCLUSIVE ALL TAXES AS PER CONTRACT NOTE.
PLS SUGGEST ME IF ANY ONE PROVIDING BROKERAGE LOWER THAN THIS .
THANKU

Prabakar said...

@ Varun Kumar,

Check your email.

@ Kumar,
update your email id in your profile.

varun kumar said...

@ i checked my mail. no email received .
thanku

Kumar said...

Namaskaaram GuruJi and All Friends

@ varun kumar,

Thanks for sharing the information. If you wish you can share your brokerage. So that everyone will compare it.

For the nifty options, they are charging Rs. 100/- per contract for buy and sell. So, if we buy one lot of nifty option approximate cost is Rs.225 per contract including tax (Rs. 25 approx tax amt - Sharekhan).

I will post more information on this once i get to know.


@ Prabhakar,

I have updated my mail id in the profile.

Pranams
Kumar

Dinesh Rishi said...

Good Morning Master and copy to All

Where is my Weekend Tonic?

"Chicken Soup for my Soul"

Amitabh Agrawal said...

Dear All,

I am new here and have almost zero understanding of technicals. So would request seniors and all to guide me how to make the best of this amazing blog. Please keep it simple enough for novice like me.
Thanks a lot in advance !

Deep Regards,

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