Omkar Speciality Chemicals Ltd IPO Message Board (Page 33)

Gane,

At present i was caught hold, in some share and my account is in debit balance so i am not doing any intraday trades friend, so looking for those shares to get settled at my price for now...

Sreedhar,Jane, Gem.
It would be better better if you leave your comments on tomorrow's pick. also comment on TVS motors.

Ravi

after may you can act as my auditor.:-)

Good luck for your exams. I know how difficult it is to clear the exams.

Are you going for tvs motor tomorrow?

Gane.

@ Gem ipo finder @ Shreedhar
Any idea how C.Mahindra export (IPO) is going to behave during day tomorrow especially during opening & closing hours. Please post your views by 8.00 a.m. tomrrow which is the listing day.

Gane,
Me too going to celebrate my 1 year completion of Market entry...

And to your info, studying CA, now
Doing IPCC, going to appear for may exams...

Gem IPO,

Let us assume that listing price will be 655.

As per given strategy from ICICI, 1000 shares will be alloted in FPO ( OverSubscription = 3x )

Profit for FPO alloted shares will be (655-610)x1000 = Rs 45000/

But F&O position will turn to loss ie.. (-655+640)X3000 = Rs -45000/
( NO PROFIT NO LOSS )


@665 listing price

Profit for FPO alloted shares will be (665-610)x1000 = Rs 55000/

But F&O position will turn to loss ie.. (-665+640)X3000 = Rs -75000/
( 20000 LOSS )

@625 listing price

for FPO alloted shares profit will be (625-610)x1000 = Rs 15000/

for F&O position profit .. (-625+640)X3000 = Rs 45000/
( 60000 PROFIT )

___________________

Hence strategy given by icici will work if price of tata steel remain sub 655 level.

Or... 2000 F&O naked short can be safeguarded by buying CALL options for unusual upside in tata steel.

---

@ Gem ipo finder

I am quite relieved now. My delivery based sell will not even cross 3 lakhs in 2010-11. I think even if a script is bought today & sold tomorrow without getting it into the D'mat A/C, the sell value will have to taken into turnover A/C for audit purpose. Am I right? Or is it only those trasactions are to be considered which are reflected in the D,mat sell quantity.

Hi Sreedhar,
Please do not get disappointed by any of comments. Everyone on this forum knows that they are benefited by your recommendations, so keep giving your suggestions. please post your tomorrows pick.

Regards,
Ravi

Durai Ayya (reverse of madrasapattinam),

Thanks for the info. I am just few months older in stock market. I have to file my returns very soon. But I have not done intraday until now. Even SPYL, I took it in delivery and sold it after sometime on the same day. Thats why I asked this question to Gem.

May be tomorrow, I will try intraday in tvsmotor.

Gane.

Gane,
One have to pay for intraday under the heads 'short term CAPITAL gains'

Thanks Gem for the clarification.

Gane.

gane


ohhhhhhhhh..........

that does not mean that u dont have to pay tax........

u will have to pay tax @ stcg

that will notbe consider for calculating the thresold limit of 40/60 lac to detrmine whether audit require or not

gembhai i saw ur trading c.note. how u select share for this type of trading

Gem,

That means one dont have to pay tax for intraday gains?

I am sorry if this question is strange. I dont know much about this tax issues.

Thanks.
Gane.

cld

SEC 44AB WHICH IS FOR AUDIT OF A/CS IS ONLY APPLICABLE IN CASE OF SHARES " WHEN UR TOTAL ONLY SALES FIG NOT EVEN PURCHASE FIG FOR DELIVERY BASED TRADES ONLY" EXCEEDS 40/60 LACS IN A YR.

INTRADAY IS IRRELEVANT , U CAN DO BILLIONS OF DOLLARS OF TRADE , AUDIT SEC DOESNOT APPLY HERE

@ Gem ipo finder
Dear Gem
I am a senior citizen & would like to earn a resonable amount from intraday &/or short term delivery "in cash market only" without creating any problems from income tax purpose. I would also not like to take too much tension & would like to pass my day peacefully. I know there is risk in this activity but guidance from people like you & my name alike, " Shreedhar ji" would let me kill my idle time besides earning some extra money.

You have said that the turnover of Rs. 40 lakhs is to be seen from "Delivery based sell value" only. Does that mean you don,t have to worry about intraday sell value. Am I right?

Since I am not a regular trader, I would like to to go for a trade where there can be nearly sure shot profit. I have full day available to carry a trade at suitable price points for this purpose. Can you help me by sending an SMS indicating Script & nature of trade I should carry ( short sell, going long, delivery, entry price point exit price point etc.)whenever such opportunity asises.
Thanks for your responses.

shreedher what ur call on omkar

Dear GEM,

ICICI assumed F&O price at allotment @ 635.... Suppose feb future F&O price moves 655 upwards ( It should not happen as many will go for selling while listing .... but in worst condition if price moves 655 then .....),
_________________________
Let us assume the futures price at the time of allotment
=| 655

Gain/loss while unwinding the remaining Futures positions
(2000 shares)
=| (640-655) = | -15 per share = | -30000
Gross gain =| (30000-30000)= |0

____________

LIC results below expectations

Sreedhar,

What is the expectation of ITC? The results are scheduled for friday.
Also Reliance.

Thanks.
Gane.