@siva @nithin now what is this about? Fyers CEO tweeted…can you guys elaborate with example? ( Specially the FnO thing )
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Yeah, it is always like that but few changes made it worse now,Nithin will put out the post in detail in sometime.
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How will this create permanent black economy. How will this push people in doing illegal things or take more risky bets?
@nithin I have 10 lakh in an account. I took the Iron Condor trade using whole margin.
Now on a given day I wanted to square off one leg and shift it, thus adjusting the position.
Now that wont be possible.
I have 1 lakh in my account. I bought options worth 1 lakh. Now I wanted to sell the position intraday in profit, and buy the new strike. That won’t be possible either.
If you squared-off long Option position, proceeds from that can be used to buy another Option on that day itself. You just can’t use funds freed from squaring-off long Options position to Buy Equities or Short Options.
Nothing changes for Intraday.
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India is entering new era i see, First begun with Zerodha by increasing brokerage, next with new margin framework, and increasing stamp duty and then reducing leverage. I don’t see! at least one rule is favourable to retailers.
Sucking and pushing to pour more money into markets, by each and everyone who sticks to markets. That’s what i see. end of the day Brokers and SEBi & NSE will have round table dinner.
I don’t think Brokers are invited to party…
Nope, brokers will take a big hit if this comes into play.
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Can post all queries on this.