You can trade intraday in SBI platform, if there is no much liquidity or volume in the stock on listing, but if there is any huge volume or short position forms in the stock, means they will ban intraday so you have to place a dummy order (eg. Place two orders, i.e, buy order at Rs.10 and sell order at Rs.300) within 9:30 itself... So that you can alter it on later times... However the above way is useful, if you want to play using your margin money, but if you have enough hot cash lean it and place delivery orders, however in the second method, you cannot go for shorting the share only you can buy on delivery and sell them after sometime...
I am not sure about SBIcapsec whether they allow or not? Anybody has experience with intraday trading for newly listed scrips that too on SBI trading platform?
Tomorrow Omkar chemicals listing.... Considering the issue size, around 80 Cr., it might be listing at a good premium, if the operators co-operate.... Opening and the trend followed by opening will determine the fate of Omkar tomorrow... Hope that things will go smooth for Omkar, if market is smooth...
Any trading strategies on Omkar's listing for tomorrow guys.? The market is continuing to be negative since a few days so is it wise to sell the ipo holdings at the opening bell or sell later during the day.?
@Ajay, As you said RCOM went way below 100 and closed around 94.!! Congrats on your profits.. :) I do not know anything about futures and options and never tried it as i feel it is too risky.!! Hope you can enlighten me on the same.!!
@Chemcho/530 Every brokerage house is registered with the stock exchange with certain eligibility criteria and so i thought it is safe to deal with them. I plan to do only intraday with them so wont be taking delivery of shares.
538. SkDash| Link| Bookmark|
February 9, 2011 4:19:48 PM
Top Contributor (1000+ Posts, 200+ Likes)
congrats Ajay Today I bought and sold 1 lot NIFTY 5300PE at 83.95 and sold @ 115, so 1500 profit
RCOM 100 put yesterday was at 1rs. For 1 lot, i invested 1*2000=2000rs only (maximum loss)
Do you know, RCOM 100 put is at 11rs today closing price. Means value of 1 lot is 2000*11=22000rs Hence total profit is 22000-2800=19000rs approx and that too just by investing 2800rs only. There is still possibility of going down for RCOM stock, as 14th is result date. After coal india ipo, i have made such profit for the first time.
I had mentioned about this strategy yesterday and last friday.
536. SkDash| Link| Bookmark|
February 9, 2011 2:40:43 PM
Top Contributor (1000+ Posts, 200+ Likes)
Tomorrow is Omkar day. Praying god to make the direction of price movement of Omkar be clear, so that we can make some money either by long or by short
Happy earning in advance
535. SkDash| Link| Bookmark|
February 9, 2011 2:14:54 PM
Top Contributor (1000+ Posts, 200+ Likes)
U r all happy since got some shares. I have applied but didnt get anything. Still hoping to get something from Omkar listing day. Cheers !
TOMORO IS D LISTING N NO 1 OVER HERE IS TALKIN ABT D LISTING
COMMON GUYS TALK ABT D LISTING
531. Chem cho| Link| Bookmark|
February 8, 2011 8:37:34 PM
IPO Guru (2600+ Posts, 2700+ Likes)
China's central bank raised interest rates on Tuesday, its second increase in just over a month, intensifying its fight against stubbornly high inflation.
Although annual inflation slowed to 4.6% in December, it is set to pick up again in January with food prices on the rise.
CHINA RISES INTEREST Benchmark one-year deposit rates will be lifted by 25 basis points to 3%, while one-year lending rates will also be raised by 25 basis points to 6.06%, the People's Bank of China said. The rises take effect from February 9. UNLESS INTEREST RATES IN INDIA DONOT COME TO 9.75 TO 10% FOR 365 DAYS INFLATION WILL BE AN WORRY BUT START PICKING BETTEN DOWN NIFFTY FIFTY STOCKS AT 5300 AS PER YOUR CHOICE TO BEAT INFLATION AND WAIT FOR NIFFTY TO CROSS 6000 IN SIX MONTHS TIME AND SELL IT WITH OUT ASKING ANY BODY WETHER IT IS RIGHT TIME TO SELL PUT YOUR MONEY IN FD AND WAIT FOR THE MARKET TO TANG AFTER ANOTHER TIME TILL THE NIFTY COMES BACK TO 5500 AND AGAIN BUY YOUR CHOICE NIFTY FIFTY STOCKS
529. Chem cho| Link| Bookmark|
February 8, 2011 8:05:57 PM
IPO Guru (2600+ Posts, 2700+ Likes)
527NASIR BROKAGE CALL ZERODHA LOW COST BROKAGE IT IS JUST LIKE PUTTING YOUR FD IN COMPANY AT 18%INTEREST AND AFTER SOME DAYS YOU FIND THAT THAT COMPANY GONE BANCRUPT AND LOOSE ENTIRE FD AMOUNT IN ALL THESE BROKAGE FIRMS YOUR MONEY IS LOCKED UP TILL YOU DONOT GIVE INSTRUCTION FOR REFUND OF MONEY MANY BROKAGE FIRMS HAVE CLOSED DOWN THEIR BUSINESS WHEN THE MARKETS TANG DOWN YOU CAN PLAY WITH 10000 TO RS 20000 BUT DONOT HAVE SHARES IN DEMAT AND BE CARE FUL FOR SMALL BROKAGE YOU WILL LOOSE YOUR INVESTED MONEY