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This day trader lost Rs 24 lakh in 5 minutes


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Anil Kumar Kucheria
All About Stock Market
by Anil Kumar Kucheria on Sep 29, 2017 04:55 PM

I hardly came across the person who has earned in this Market and made properties save & except a few like Jhunjhunwala. The Biz requires a high level patience, otherwise forget about earning, even, you will be seemed to have lost what had prior to putting into the trade.

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N YEZHUMALAI
Gupta's mistake
by N YEZHUMALAI on Jun 26, 2017 11:14 PM  | Hide replies

He bought options that Nifty will close above 8,600 and it closed at 8,602.75.
Gupta bought all the Nifty lots (3,000) he could in the short span of time.
Formula for STT on Exercised options on Expiry of Options
(Strike Price Premium * Quantity ) * 0.125 %
3000*75 = 225000
(8600 2.75)*225000 * 0.125 %
1260618750 * 0.125 %
Rs= 15,75,773.00


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agrawal sumit
Re: Gupta's mistake
by agrawal sumit on Jul 01, 2017 07:38 PM
The Correct calculation is:
Contract Value is(3000*75*8602.75= 1,935,618,750
If you let the option to expire (Meaning if you do not square off your position by 3:30pm)then the STT applicable is 0.125% of the contract value. Thus,
1,935,618,750*0.125% = Rs.24,19,523




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N YEZHUMALAI
Gupta's mistake
by N YEZHUMALAI on Jun 26, 2017 11:14 PM

He bought options that Nifty will close above 8,600 and it closed at 8,602.75.
Gupta bought all the Nifty lots (3,000) he could in the short span of time.
Formula for STT on Exercised options on Expiry of Options
(Strike Price Premium * Quantity ) * 0.125 %
3000*75 = 225000
(8600 2.75)*225000 * 0.125 %
1260618750 * 0.125 %
Rs= 15,75,773.00


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santosh singh
Cheter
by santosh singh on Apr 23, 2017 01:12 PM

This is totally cheating either by broker or SEBI who has control such type activity

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i think his broker has cheted him
by on Apr 21, 2017 02:36 PM

by the calculation stt for expiry he bust charge 67000 not 24 lack please check with exchange for the same

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i think his broker has cheted him
by on Apr 21, 2017 02:36 PM

by the calculation stt for expiry he bust charge 67000 not 24 lack please check with exchange for the same

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DIGAMBAR JOSHI
Stock Market
by DIGAMBAR JOSHI on Apr 20, 2017 01:30 PM  | Hide replies

You definitely lose principle amount, peace if you trade in stock market. Brokers get their commission on your buy or sell. If you are keen in investing in shares it should be for long term 1/2/3/5 years. Invest only 10%of your money in shares. Rest you invest in FDs, Mutual funds, PPF and postal schemes. There is assurance of getting about 9% yearly income. Invest 50000 in one A group share and deposit same amount in PPF and see returns on both.

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Krunal Gajjar
Re: Stock Market
by Krunal Gajjar on Apr 20, 2017 10:37 PM
Do not blaim/Complain... it is a speculative business...

If you are not convinced or prepared do not trade... sir.

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DIGAMBAR JOSHI
Stock Market
by DIGAMBAR JOSHI on Apr 20, 2017 01:30 PM

You definitely lose principle amount, peace if you trade in stock market. Brokers get their commission on your buy or sell. If you are keen in investing in shares it should be for long term 1/2/3/5 years. Invest only 10%of your money in shares. Rest you invest in FDs, Mutual funds, PPF and postal schemes. There is assurance of getting about 9% yearly income. Invest 50000 in one A group share and deposit same amount in PPF and see returns on both.

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