Trader's Desk - Blog

Latest news & updates from us

Avoid NFOs, stick to tried and tested funds

If you go to the Association of Mutual Funds in India (Amfi) website, you will be able to see the list of new fund offers (NFO) that are currently available . Your friendly neighbourhood mutual fund agent may also be pestering you to buy a hot new fund which, according to him, has great prospects. Before investing in an NFO, you should do a little research.

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Holidays for the calendar year 2017

Holidays for the calendar year 2017 SAS online is sharing the lists of holidays for equity, commodity and currency. However, you can see the list of holidays of 2017 here but we have made a list of these at one place. You can also see the MCX holidays and by BSE India and  NSE India circular  Holidays for the calendar year 2017: Equities Sr. No. Date Day Description 1 26-Jan-2017 Thursday Republic Day 2 24-Feb-2017 Friday Mahashivratri 3 13-Mar-2017 Monday Holi 4 04-Apr-2017 Tuesday Ram Navami 5 14-Apr-2017 Friday Dr.Baba Saheb Ambedkar Jayanti/ Good Friday 6 01-May-2017 Monday Maharashtra Day 7 26-Jun-2017 Monday Eid-al-Fitr (Ramzan Eid) 8 15-Aug-2017 Tuesday Independence Day 9 25-Aug-2017 Friday Ganesh Chaturthi 10 02-Oct-2017 Monday Mahatama Gandhi Jayanti 11 19-Oct-2017 Thursday Diwali-Laxmi Pujan* 12 20-Oct-2017 Friday Diwali-Balipratipada 13 25-Dec-2017 Monday Christmas   Trading Holidays Trading shall be notified subsequently. The Exchange may alter/change any of the above holidays, for which a separate circular shall be issued in advance. The holidays falling on Saturday / Sunday are as follows: Sr. No. Date Day Description 1 09-Apr-2017 Sunday Mahavir Jayanti 2 02-Sep-2017 Saturday Bakri ID 3 30-Sep-2017 Saturday Dasera 4 01-Oct-2017 Sunday Moharram 5 04-Nov-2017 Saturday Gurunanak Jayanti Clearing Holidays Sr. No. Date Day Description 1 26-Jan-2017 Thursday Republic Day 2 24-Feb-2017 Friday Mahashivratri 3 13-Mar-2017 Monday Holi 4 28-Mar-2017 Tuesday Gudi Padwa 5 04-Apr-2017 Tuesday Ram Navami 6 14-Apr-2017 Friday Good Friday/ Ambedkar Jayanti 7 01-May-2017 Monday Maharashtra Day 8 10-May-2017 Wednesday Buddha Pournima 9 26-Jun-2017 Monday Id-Ul-Fitr (Ramzan ID) 10 15-Aug-2017 Tuesday Independence Day 11 17-Aug-2017 Thursday Parsi New Year 12 25-Aug-2017 Friday Ganesh Chaturthi... read more

Demystifying “Open Interest” and Securities in “Ban Period”

What is open interest? Whenever you want to buy a Future/Option contract, there needs to be a seller. The buyer buys with the assumption that the contract price would go up and the seller sells with the assumption that the contract price would go down. When a trade happens between the buyer & the seller, there’s one ‘Open Contract‘ that comes into being and the quantity of these open contracts is referred to as ‘Open Interest‘. Thus Open Interest is the total number of outstanding contracts that are held by market participants at the end of the day. Open interest applies only to the futures/options segment. Open interest, or the total number of open contracts on a security, is often used to confirm trends and trend reversals for futures and options contracts. A common misconception is that open interest is the same thing as volume of futures and options trades. This is not correct, as demonstrated in the following example: Open Interest On January 1, A buys an option, which leaves an open interest and also creates trading volume of 1. On January 2, C and D create trading volume of 5 and there are also five more options left open. On January 3, A takes an offsetting position, open interest is reduced by 1 and trading volume is 1. On January 4, E simply replaces C and open interest does not change, trading volume increases by 5. Benefits of monitoring open interest By monitoring the changes in the open interest figures at the end of each trading day, some conclusions about the day’s activity can be drawn. Increasing... read more

NIFTY movers and shakers

Fellow Traders You are all aware that the NIFTY index is made up of 50 constituent stocks. But you would be surprised to know that the top 10 stocks in NIFTY 50 have a combined weightage of approximately 57%!That means the remaining 40 stocks only have a weightage of 1% of less on average. Following is the list of NIFTY movers and shakers – the top 10 stocks by weightage. As a trader, I like to particularly track these stocks to determine NIFTY movement. One stock which is missing from the top 10 is SBI. SBI stock’s weightage is 1.96%, much lower than what one would expect for India’s largest lender and the largest PSU bank. But nonetheless, traders are well advised to track SBI as well, as it is an important mover and shaker for the NIFTY 50 index. The NIFTY constituent weightage changes on a daily basis based on the market capitalisation and market movement. But the top 10 stocks remain the same, more or less. You can get the daily updated weightage at NSE website . May the odds be ever in your... read more

Stamp Duty

Fellow Traders Implemented Stamp Duty to be charged as per the state you are residing in for the following states: 1. Gujarat, Kerala, Delhi, Maharashtra & Rajasthan (0.002% for Intraday Cash, Future, Currency / .01% for Delivery) 2. Karnataka & Goa (0.01%, max Rs. 50 per contract) 3. Tamil Nadu (0.006%) 4. Andhra Pradesh & Orrisa (0.005%, max Rs. 50 per contract) 5. Himachal Pradesh & Haryana (0.003%, max Rs. 30 per contract) 6. Meghalaya  & Arunachal Pradesh  (0.04%, max Rs. 40 per contract) 7. Assam (0.018%, max Rs. 49.5 per contract) Stamp Duty for all other states will be charged as per Delhi Stamp Duty for now. You can also check the updated charges (without the stamp duty) in our Brokerage Calculator.... read more

Merry Profit and Happy New Trades!

Fellow Traders Wishing you a very happy New Year! Will 2014 be the year of the bull or the bear? Whenever anyone asked JP Morgan, the legendary financier, for his opinion about the stock market, he would only say, “It will fluctuate.” Only Time Will Tell. Have a profitable trading year... read more

The Reverse January Effect!

It refers to the rise in Indian markets in Nov-Dec, followed by a decline in January. This has happened five times in 10 years since 2003. This year, the Nifty has not risen during Nov-Dec. So should we be expecting a rise in January? FYI, it is the opposite in US markets, i.e. stocks prices decline in December due to profit/loss booking and rebound back in January as buyers... read more