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Time: 1.15 pm
Mid Market Report:
- Markets are trading as expected.
- Not moving in any direction.
- Europe has opened marginally higher.
- So Nifty has recovered about 20 points from the low.
- As we have reported earlier, markets will be choppy but sideways.
- Ahead of FOMC meeting, traders will not like to create more positions.
- Since FII and DII have sold yesterday, markets are trading with negative bias.
- So markets will consolidate for few more days.
- If any negative news like geo political tension, markets may correct further.
- Otherwise pre budget rally may begin any time.
Comments
sir,
ReplyDeleteone clarification
for selling nifty option my broker is asking 33000Rs per lot is it common in practice?(can i ask my broker for lower margin)
if it is true ,i am having some stocks worth around 1 lakh ,so now can i use this stocks for margin money? is any extra cost for this type?
pls clarify 1 by 1.
thank you.
Hi,
ReplyDeleteEven brokers are not aware of the lower margin money for options. Actual span margin will only be around Rs 11,000 and exposure margin will also be around Rs 11,000. If your broker wish, he can exempt you from paying exposure margin. So you pay only Rs 11,000 per lot of Nifty. You can pledge your shares
for margin money. Your broker may ask you to pay a small amount of money for pledging charges.
Sir,
DeleteFor pledging shares as you said how much maximum 1 broker can charge? it is very difficult to understand whether brokers acting honesty.example,my broker asking 33000 per lot for july nifty option 7000 selling.
Thanks in advance.
Hi,
DeleteYou can call me at 9283302937so that I can advise you on various issues you are facing.
Thanks.
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