Home >> Profile >> Rohith P
Joining Date: 28 May , 2015
Last Login: 01:45 PM - 07 May , 2018
IP Address of Last Login - 42.111.145xxx
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Dear Mudraa Experts,
I need your advise on how to determine Turnover for the Trades in Futures & Options. I have gone through couples of taxation books and understood the following, hence please confirm whether it is correct or advise me if anything is wrong.
1) First & Foremost all F&O transactions are termed as "Non speculative Transactions" - Is this statement correct !!
2) If I BUY a Stock Future at Rs.100 with lot size 1000 and sold it at Rs.105. Forget about intraday or positional, brokerage charges, etc.. So, the profit is Rs.5000 and the Turnover is also Rs.5000
3) If I BUY a Stock Future at Rs.100 with lot size 1000 and sold it at Rs.95. Forget about intraday or positional. So, the Loss is Rs.5000 and the Turnover is also Rs.5000
In the above example, let us say that I did both the transactions on a given month (let us ay April2018), so my profit for April 2018 is "0" (5000-5000) but my Turnover is Rs.5000 (profit) + Rs.5000 (loss) = Rs.10,000.
Experts : Please confirm the above.
I have gone through the Options Calculator Link and there are 5 fields in it which are (1) Spot Price, (2) Strike Price (3) Volatility (4) Risk Free Rate (5) Time to Expire.
I know what to fill in the datat for Spot Price, Strike Price and Time to Expire i.e. 1, 2 & 5 are easy to fill in. Where to get the data for Volatility and Risk Free Rate ?
I tried with different probabilities for YesBank (345.65 is the spot, 310 strike price, days to expire is 25, Volatility & Risk Free Rate, mentioned random figures) but the outcome is not accurate. Please let me know Where to get the data for Volatility and Risk Free Rate ?
What time is RBI policy meet ?
Is Mindtree still an open call ? It is closed at 842 levels. What price you want us to keep as TSL ? It once reached 849+ and then dropped to 844-842 levels.
I know LTCG is applicable post 1 lakh profit, let us assume the above case post earning of 1 lakh profit.
Is LTCG or STCG applicable for F&O ?
If yes, will they consider the tax only on profit or net profit post deducting the loss. For example : I earned a profit of 20000 in a F&O stock and loss of 5000 in another F&O stock. So my net profit is 20000-5000=15000. Will I need to pay the tax for 20k or 15k ? Please advise.
IndiabullsHousing Finance average price is at 1236 now as against the average buy price 1210 ((1260+1160)/2). 26 points profit. CALL CLOSED.
Gulshan Polyols - 8% up now, trading at 96.95. Overall 14% gain. CALL CLOSED.
India Nippon Electricals 9% up today - 1195 now. Overall 10% in 38 days. CALL CLOSED
Greaves Cotton - 144.95 now. Around 10+% gain in 18 days. CALL CLOSED
Few of the above recommendations were crossed above 50-100% returns like Artson Engineering, Zuari Global, etc.. but as stated earlier, we don't track & furnish here once we mention the call is "closed".
Thanks for the details Deepak sir. Post your explanation, I thought of entering into Futures or options put writing but the stock is in ban period and also I don't want to enter into cash as it will block my other trades.
I will keenly watch for an entry, preferably once this is out of ban. Thanks again Deepak sir. God bless you.
Super. Your positional calls always rock. This one was very fast as it yielded result on the 1st day you gave the call, hence most of us missed it.
Elpro International recommended at 50 and it is 59 now. Call closed.
India Nippon Electricals is at 1130 (40 points up from the recommended price in 19 days).
One more suggestions for small Investors like me need sometime to place an Order with NO SL on quality Futures stocks. Please check if there any such feasibility.
Shall we enter Jindal Steel now at around 166 for a positional, say about a month or two or should any PUT writing of 150-160 like last time ?
Call closed with profit : Aries Agro, Zuari Global, Indiabulls Ventures, Artson Engineering.
Calls Open : Bajaj Finance, Indiabulls Hsg finance, Gulshan Poly.
Zuari Global at 260 now...30+% up.
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