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Hemant Parikh

Hemant Parikh


Joining Date: 08 Feb , 2009
Last Login: 11:36 PM - 15 Jun , 2019


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Hemant Parikh at 11:40 AM - Jun 05, 2019 ( )

Reply for: BUY NIFTY FUTURES @ CMP11183 TARGET 11263 SL 11160

Hemant Parikh at 02:31 PM - May 16, 2019 ( )


Reply for: Maruti 6900 pe

Hemant Parikh at 11:08 AM - May 14, 2019 ( )


Hemant Parikh at 11:02 PM - Apr 24, 2019 ( )



Reply for: 29500 put at 79

Hemant Parikh at 09:24 AM - May 08, 2019 ( )


Reply for: Maruti 6900 pe

Hemant Parikh at 02:34 PM - May 02, 2019 ( )


Reply for: Maruti 6900 pe

Hemant Parikh at 03:29 PM - Apr 30, 2019 ( )


Reply for: Maruti 6900 pe

Hemant Parikh at 12:04 PM - Apr 30, 2019 ( )


Hemant Parikh at 11:02 PM - Apr 24, 2019 ( )



Reply for: Maruti 6900 pe

Hemant Parikh at 11:03 AM - Apr 26, 2019 ( )


Reply for: Maruti 6900 pe

Hemant Parikh at 06:22 PM - Apr 25, 2019 ( )


Reply for: Maruti 6900 pe

Hemant Parikh at 11:02 PM - Apr 24, 2019 ( )



Reply for: Heads :Tails of Nifty

Hemant Parikh at 10:17 AM - Apr 04, 2019 ( )



Venkatesaya Govindaa at 10:45 AM - Mar 18, 2019 ( )

Leena Sebas where are you, It's 500 points against your previous call & We are missing your Comedy Show..

New Thread: Changes in tax and corporate laws

Hemant Parikh at 10:26 PM - Apr 02, 2019 ( )

Changes in tax and corporate laws effective from April 1, 2019



As we are heading towards the beginning of a new financial year, i.e., Financial Year 2019-20, it's important to know about the provisions of law applicable from April 1, 2019. The Government had made various changes under Income-tax law, GST and Corporate laws which shall be applicable from April 1, 2019.

Income tax

1. Section 87A rebate

The amount of tax rebate under Section 87A has been increased from Rs. 2,500 to Rs. 12,500. Further, it shall be available to a resident individual whose total income does not exceed Rs. 5,00,000.

2. Standard deduction from salary

The limit of standard deduction for the salaried class taxpayers has been increased from Rs. 40,000 to Rs. 50,000.

3. No deemed rental income on having two residential house properties

If an individual owns more than one self-occupied house property then only one house property as per his choice is treated as self-occupied and its annual value is computed as nil. The other house property is deemed to be let-out as per section 23 and a notional rent is computed and charged to tax under the head 'Income from House Property'.

Section 23 has been amended with effect from 1/4/2019 to provide relief to the taxpayers by allowing them an option to claim nil annual value in respect of any two houses declared as self-occupied.

Though from F.Y. 2019-20, an assessee can claim annual value as nil in respect of two-self occupied house properties. However, there is no change in aggregate limit for deduction in respect of interest on housing loan. The aggregate deduction for interest on housing loan for both houses cannot exceed Rs. 30000 or Rs. 2,00,000.

4. Section 54 relief extended to 2 residential houses

Any long-term capital gains, arising to an Individual or HUF, from the sale of residential house property is exempted to the extent such capital gains are invested in another residential house property. The taxpayer is allowed to invest only in one residential house in India to claim section 54 relief.

From financial Year 2019-20, an assessee shall be able to claim exemption under section 54 even if he invests in two residential houses in India. However, this benefit shall be available where the amount of the capital gain does not exceed two crore rupees. Further, if the assessee exercises this option, he shall not be subsequently entitled to exercise the option for the same or any other assessment year, i.e., the assessee can exercise this option only once in a lifetime.

5. TDS on interest income

Section 194A deals with deduction of TDS on interest income other than interest on securities like interest on Fixed Deposits.

Section 194A has been amended to ease the burden of compliance by way of increasing the threshold limit from Rs. 10,000 to Rs. 40,000 for deduction of tax at source on interest income, other than interest on securities, paid by a banking company, co-operative society or a post office

6. TDS on rental income

The threshold limit for deduction of tax at source under section 194-I on rental income has been increased from Rs. 1,80,000 to Rs. 2,40,000.

7. Amendment to DTAA with Singapore and Mauritius

Protocols with Mauritius and Singapore were signed in year 2016 to tax capital gains. The protocol gave India the right to tax capital gains on transfer of shares of an Indian Company acquired on or after 1 April, 2017. Up to March 31, 2019 tax rates on capital gains is charged at 50% of the prevailing domestic rates. With effect from April 1, 2019 capital gains shall be charged at full domestic tax rates.


1. New Scheme is now available @ 6% to Intra-State Suppliers of Goods or Services.

A new scheme has recently been introduced wherein an Intra-State supplier can now pay GST at the rate of 6% (3% for Central and 3% for respective State) on first supplies of goods or services for Rs. 50 lakhs.

With effect from April 1, 2019 the benefit of this scheme can be availed. This scheme shall be available only if the aggregate turnover of supplier does not exceed Rs. 50 lakhs during the previous financial year. This has been made effective vide Notification No. 02/2019 – Central Tax (Rate) dated March 7, 2019.

The benefit of this scheme shall not be available to service providers who are rendering services in multiple States or through e-commerce websites. Thus, Chartered Accounts, Architects, etc. may not avail, this scheme if they have clients in different States.

2. Threshold Limit for composition scheme has been increased to Rs. 1.5 crores

The existing threshold limit on gross turnover in previous financial year to avail of the composition scheme has been increased from Rs. 1 crore to Rs. 1. 5 crores. In respect of special category States (North-Eastern States), the threshold limit has been increased from Rs. 50 lakhs to Rs. 75 lakhs. Consequently, the taxable persons can substantially reduce their compliance burden as they would be required to file GST returns on quarterly basis instead of monthly basis. This benefit has been extended vide Notification No. 14/2019 – Central Tax dated March 7, 2019 and this notification shall come into force from April 1, 2019.

3. Threshold limit to take registration has been increased to Rs. 40 lakhs

As per Section 23 of the CGST Act, every person is required to obtain the GST registration if his turnover from supply of goods or services exceeds Rs. 20 lakhs. This threshold limit has been increased to Rs. 40 lakhs only if supplier is engaged in supply of goods. In other words, any person who is engaged in supply of goods and his total turnover in the current financial year does not exceed Rs. 40 lakhs, he is not required to take registration under GST. This exemption from GST registration is subject to various conditions, inter alia, he is not making any Inter-State supply, he is not a non-resident taxable person, etc. This has been made applicable by Notification No. 10/2019 – Central Tax dated March 7, 2019 and this notification shall come into force from April 1, 2019.

4. Due dates for filing of GSTR-1 and GSTR-3B have been announced

The due dates for filing of GSTR-1 and GSTR-3B for the months of April, May and June of 2019 have been notified, which shall be as follows:

In case of GSTR-1

If the turnover of registered person is up-to Rs. 1.50 crores for the months of April to June, 2019, he shall file his GSTR-1 on a quarterly basis and the due date shall be 31st July, 2019.

If the turnover of registered person exceeds Rs. 1.50 crores for the months of April to June, 2019, he shall file his GSTR-1 on a monthly basis and the due date shall be 11th of succeeding month.

In case of GSTR-3B

Form GSTR-3B shall be filed on a monthly basis by every tax payer who is required to file GSTR-3B and due date shall be 20th of the succeeding month.

This has been made effective vide Notification No. 11/2019, Notification No. 12/2019, and Notification No. 13/2019- Central Tax dated March 7, 2019.

5. Option to opt for Composition Scheme

Any registered person who wants to pay tax under Composition Scheme for the F.Y. 2019-20 shall file an intimation, duly signed and verified, on the GST common portal, latest March 31, 2019.

6. Last chance to avail Input Tax Credit relating to F.Y. 2017-18

The registered person can avail input tax credit of GST paid from July, 2017 to March, 2018, latest by the due date of furnishing the return for the month of March, 2019 i.e. by April 20, 2019. Legal wording can also be referred to removal of difficulty order no. 2/2018 dated 31.12.2018.

7. Availing benefit of reduced GST Rates by real estate developers or builders

The GST Council in its 33rd and 34th meeting had recommended the GST rate of 1% in case of affordable houses and 5% in other cases, without input tax credit. The promoters shall be given an one -time option to continue to pay tax at the old rates (i.e., at 8% or 12% with ITC) on ongoing projects (if construction and actual booking have started before 01-04-2019) which have not been completed by March 31, 2019.The option shall be exercised once within a prescribed time frame and where the option is not exercised within the prescribed time limit, new rates shall apply.

However, new tax rates in real estate sector are recommendations of the GST Council and date of applicability of new tax rates have not been notified yet.

8. Due date to file Form ITC-04 for Goods sent to Job-worker.

The last date to furnish a declaration in Form GST ITC-04 in respect of goods dispatched to the job-worker or received from a job-worker during the period from July, 2017 to December, 2018 is March 31, 2019 vide Notification No.-78/2018-Central Tax dated December 31, 2018.

9. Benefits related to Specific Industry

(a) Money changer (Forex Dealer); or
(b) Air travel agent; or
(c) Dealer of second hand goods opting for 'Margin Scheme'; or
(d) Taxpayer engaged in Life insurance business
Are given the option to determine the value of such supply as per rule 32 of the CGST Rules, 2017. It is suggested that the above mentioned eligible registered persons intended to determine the value of their supplies as per the valuation rules can exercise the option at the beginning of the Financial Year that is on or before April 1, 2019.

10. Availing Input tax credit by Banks, Financial Institutions or NBFC.

Banks or financial institution or NBFC have been given an option to avail 50% of the eligible Input tax credit on inputs, capital goods and input services. It is suggested that this option to be exercised at the beginning of the F.Y. that is on or before April 1, 2019 as the option once exercised cannot be withdrawn during the remaining part of the financial year.

11. Following Amendment Acts made applicable from February 1, 2019

(a) CGST (Amendment) Act, 2018
(b) IGST (Amendment) Act, 2018
(c) UTGST (Amendment) Act, 2018
(d) GST (Compensation to States) Amendment Act, 2018

Some of the Major changes are as follows:

(a) Manner of utilization of ITC has been amended by inserting Section 49A in CGST Act. Now the credit of IGST needs to utilized first fully for the payment of IGST, CGST, SGST and UTGST respectively.
(b) Section 9(4) relating to reverse charge applicability on purchases made by registered person from unregistered person is replaced and now it applies to specific class.
(c) Now only e-commerce operators who are required to collect tax at source under Section 52 of the CGST Act, 2017 are mandatorily required obtain GST registration.
(d) Composition dealers as per section 10 of CGST Act, 2017 are allowed to supply services to the extent higher of 10% of the turnover in the preceding financial year or Rs. 5 lakhs.
(e) Multiple GST registrations within same state for each place of business has been allowed. The concept of business vertical is done away with.
(f) Issue of consolidated debit/credit note is allowed in respect of multiple invoices issued in a financial year rather than single debit/credit note in respect of each invoice.
(g) The receipt of payment in Indian rupees which is permitted by Reserve Bank of India for services exported out of India, will be covered in the definition of 'export of services' as per the IGST Act, 2017.
Company law and FEMA

SEBI (LODR) Regulations

SEBI has come up with amendment vide SEBI (Listing Obligations and Disclosures Requirements) (Sixth Amendment) Regulations, 2018 on November 16, 2018. SEBI has provided a phased timeline from October 1, 2018 to April 1, 2020 for most of the amendments, in this write up we have discussed certain key amendments which shall become effective from April 1, 2019:

1. Change in the criteria for determining material subsidiary

The amendment provides that the unlisted material subsidiaries referred to under sub-regulation 1 of regulation 24 shall include the companies "whether incorporated in India or not". Accordingly, foreign subsidiary companies shall also be included within the ambit of material subsidiaries. Prior to the amendment, regulation 24 of Listing Regulations provided the material subsidiaries to include only those subsidiary companies which were incorporated in India.

2. Disclosure of related party transactions on consolidation basis

Regulation 23 of SEBI (LODR) (Amendment) Regulations, 2018 requires disclosure of related party transactions by listed entities on a consolidated basis to the stock exchange and should also be published in the website of the Company within a period of 30 days from the date of publication of its standalone and consolidated financial results

3. Secretarial Audit report by all listed entity and its material unlisted subsidiaries

Regulation 24A of the amended regulation requires annexing of Secretarial Audit report for F.Y. 2018-19 by all listed entity and its material unlisted subsidiaries incorporated in India.

4. Appointment of Independent Women Director

Those Companies falling in the list of top 500 listed entities based on market capitalization as on March 31, 2019 will be required to appoint a woman Independent Director w.e.f. April 1, 2019

5. Maximum no. of directorship

w.e.f April 1, 2019, maximum number of directorships that can be held at any point of time in equity listed entities is 8.

6. Change in minimum number of directors in board for top 1000 listed Cos –

As per Regulation 17 (1) (a) of the Amended Regulations, w.e.f April 1, 2019, the board of directors of the top 1000 listed entities should comprise of not less than six directors. Therefore, the Companies in which minimum number of director are less than 6 shall have to appoint additional directors, subject to shareholders' approval, whose appointment should be regularized at the ensuing AGM.

7. Revised quorum for Board meeting for top 1000 listed Cos.

W.e.f Apr 01, 2019, the revised quorum requirement for Board Meeting for top 1000 listed companies shall be one-third of its total strength or three directors whichever is higher, including atlest one Independent Director

8. Change in definition of Independent director

The definition of Independent director shall now exclude the following categories of person as well: (a) those persons who are members of the promoter group of a listed entity; (b) person who neither himself nor whose relative is a CEO/ MD/ WTD / Manager, CS & CFO, of any non- profit organisation which receives 25% or more of its receipts or corpus from the listed entity, any of its promoters, directors or its holding, subsidiary or associate company or that holds 2 % or more of the total voting power of the listed entity; (c) persons who are non-independent directors of another company on the board of which any non-independent director of the listed entity is an independent director

9. Shareholders' approval by Special Resolution required in certain cases

Where remuneration of a Non-executive director exceeds 50% of total remuneration payable

The approval of shareholders by special resolution shall be obtained every year, in which the annual remuneration payable to a single non-executive director (NED) exceeds fifty per cent of the total annual remuneration payable to all non-executive directors, giving details of the remuneration thereof.

where the company is certain that the remuneration payable to its NED shall exceeds the limit, there the company should obtain approval before April 1, 2019, i.e. before the commencement of the amendment

Compensation payable to executive directors who are promoters or members of the promoter group

Reg. 17 (6)(e) requires listed entities to obtain approval of shareholders by special resolution for the fees or compensation payable to executive directors who are promoters or members of promoter group in case in excess of thresholds: (a) where listed entity has 1 executive director who is a promoter or member of promoter group: Rupees 5 crore or 2.5 % of the net profits of the listed entity; (b) where listed entity has more than 1 executive directors who are promoters or members of promoter group: 5 % of the net profits of the listed entity

Appointment/continuation of Non-executive Director above 75 yrs

Effective from April 01, 2019, no listed entity should appoint a person or continue the directorship of any person as a NED who has attained the age of 75 years unless a special resolution is passed to that effect- [ Regulation 17 (1A) of the Amendment Regulations]

SEBI (Prohibition of Insider Trading) Regulations, 2015

On December 31, 2018, SEBI notified the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, which are effective from April 01, 2019. The Key changes in the Regulations deals with the following:

1. Amendment in definition of Unpublished price sensitive information

In order to remove ambiguity, the 'material events in accordance with listing agreement' has been deleted as it was noted that the material events may or may not be price sensitive information.

2. Policy for determination 'legitimate purpose

As per the regulation, No person shall procure from or cause the communication by any insider of unpublished price sensitive information, relating to a company or securities listed or proposed to be listed, except in furtherance of legitimate purpose, performance of duties or discharge of legal obligations. The term legitimate purpose is not defined under the regulation and gives various meaning of interpretation. Therefore, SEBI has mandated the board of directors of the listed company or intermediaries to define their own policy or definition relating to legitimate purposes which means listed company have freedom to decided what may or may but be legitimate purposes of its business-related need but the director would be required to justify.

3. Creation of database of persons with whom UPSI is shared

There was no provision for creating a data base of person with whom UPSI is shared. Now, listed entities are required to maintain an electronic record containing name of person whom UPSI is shares and the nature of UPSI. Along with that, the listed entity serve a notice or sign NDA with the concerned person.

4. Code of conduct for intermediaries

The regulations currently required a common code of conduct applicable for all the listed entities, intermediaries and other person who are required to handle UPSI during the course of business operations.


Hemant Parikh at 11:25 PM - Mar 11, 2019 ( )


Hemant Parikh at 10:05 AM - Feb 28, 2019 ( )

Reply for: BUY NIFTY @ 10675 (SHRIKANT)

Hemant Parikh at 02:00 PM - Feb 22, 2019 ( )

NF :



Reply for: relience feb 1100 put at 7.5 hero or zero

Hemant Parikh at 02:50 PM - Jan 29, 2019 ( )

is it 1100 pe or 1200 pe ?

Reply for: HDFC Bank close below 2100 dangerous

Hemant Parikh at 03:23 PM - Jan 28, 2019 ( )

HDFC BANK <> 1986.60----2027.5---2048----2089.00---2110.7----2154.2----2176


Reply for: Option Selling Trades

Hemant Parikh at 07:56 PM - Jan 13, 2019 ( )

how much margin you paid for below two soda ?


Hemant Parikh at 09:55 PM - Dec 18, 2018 ( )

In a surprise move by RBI to inject durable liquidity in market, it announced to increase the purchase in two remaining OMOs from 10k to 15k crs taking total infusion to 50k in the month of December. Along with this, it also announced to do additional OMO of 50k crs in Jan, against market expectation of 40k crs.

This is big positive for equity and bond market, as it injects liquidity in the system which was pressing concern for the markets. We will see the spill-over effect of same in INR as well with 68 and below by March end. I expect bond also to rally and cannot rule out a possibility of 7.10 in near term and by Feb below 7%.

In my view, we are setting the stage for massive rally in all INR assets in next 3-6 months led by bond and equity with INR following closely.

Considering the high real rates in India, more than 3%, and inflation likely to print lower than 3% until Mar'19 and oil languishing below $60-62 and slowly drifting lower towards $50, I see two consecutive rate cuts in Feb and April policy before general election kicks in May.

The above domestic factors will be well supported by a dovish FED today when it is likely to give its outlook for 2019.

Time to pull up the socks and get ready for a joy-ride.


From: HEMANT PARIKH at 10:43 PM - Dec 19, 2018( )




Hemant Parikh at 11:26 PM - Nov 07, 2018 ( )


Hemant Parikh at 12:27 PM - Oct 24, 2018 ( )


Hemant Parikh at 10:08 PM - Oct 22, 2018 ( )

To stop pictures posted on your WhatsApp Group chats from saving in your phone gallery, do the following:

■ Go to Group info

■ Select Media Visibility

■ Choose "NO"


You will only see pictures in the group chat without saving to your phone.


This helps you save space on your phone

New Thread: 🍄20 Best Natural Painkillers – A Short Guide🍄

Hemant Parikh at 08:23 PM - Oct 18, 2018 ( )

🍄20 Best Natural Painkillers – A Short Guide🍄


💥Cloves – chew them slowly in cases of gum inflammation and toothache

💥Ginger – add two teaspoons of ginger in your everyday diet to relieve muscle cramps and pain

💥Apple cider vinegar – mix one tablespoon of ACV with tap water before each meal to treat heartburn

💥Garlic – create garlic oil to treat ear infections

💥Cherries – one bowl of cherries a day to heal headaches and joint pain

💥Yogurt – Two cups a day to ease PMS

💥Oily fish – Eighteen ounces of oily fish like tuna, salmon, trout, sardines, herring, and mackerel a week to heal intestinal inflammation

💥Oats – oats are gluten-free and helpful in cases of endometrial pain

💥Turmeric – a quarter a teaspoon a day in cases of chronic pain

💥Pineapple – one cup of pineapple (fresh) for gases and stomach bloating

💥Salt – one teaspoon per one cup of water added to salty, warm foot soaks to treat ingrown toenails. Practice this procedure two times a day for 20 minutes.

💥Grapes – one cup a day for back pain

💥Peppermint – pour a few drops of peppermint essential oil in your bath to treat sore muscles

💥Horseradish – one teaspoon, two times a day to soothe sinus pain

💥Water – at least eight glasses of water a day to remove histamine and soothe pain caused by injuries

💥Organic honey – use it four times a day in cases of cold sores directly on the affected area

💥Blueberries – one cup a day to treat urinary tract or bladder infections

💥Coffee – it was proven that caffeine improves the work of the stomach and leads to better absorption of pain medications which mean that it is ideal for migraines and headaches

💥Flax – three tablespoons of ground flax a day for breast pain

💥Tomato juice – ten ounces a day in cases of leg cramps.


Hemant Parikh at 10:33 PM - Oct 01, 2018 ( )

Stock Market thoughts of trader for today


Morning- I should buy something


After two hours- Thank god I didn't buy today also


End of day - Maybe I should have bought


Wednesday - I should have definitely bought on Monday


Hemant Parikh at 01:05 PM - Sep 27, 2018 ( )


Hemant Parikh at 12:33 AM - Sep 27, 2018 ( )


Any Investment in capital markets has its own risks. The information/material sent to you is based on analysis reports, that may or may not be reliable. I do not vouch for the accuracy of the same. This material is for personal information and I am not responsible for any loss/profit incurred based upon it & take no responsibility whatsoever for the same. These messages that i send everyday are meant for educational and knowledge purpose only and not recommendation(s).



Hemant Parikh at 09:56 AM - Sep 08, 2018 ( )

Conversation between Bear & Bull 


Bear to bull :

mere pass

- rising crude hai

- falling INR hai

- rising bond yields hai

- rising $ index hai

- falling asian mkt hai

- trade aur currency war hai

tere pass kya hai



- mere pass LIQUIDITY hai

New Thread: 10 Surprising Things Financially Successful People

Hemant Parikh at 10:58 PM - Aug 05, 2018 ( )

10 Surprising Things Financially Successful People Do Differently


The financially successful often get a bad rap in our society, especially from the poor. We see footage of Donald Trump on TV, or watch movies like “The Wolf of Wall Street” and think being financially successful means living a gluttonous life of excess at the expense of the impoverished. This may be true for a few, but for many financially successful people, their success is only part of the story.

What we don’t see is the passion, hard work, mistakes, thrift and plain old smarts that went into creating the lifestyles of the rich. The media didn’t follow them around with cameras when they were living in cars, working in diners, or recovering from debilitating addictions, before they achieved their financial success.

The good news is babies aren’t born with millions of dollars in their bank accounts, and everyone has the ability to become financially successful. As Wallace D. Wattles put it,

“Talented people get rich, and blockheads get rich; intellectually brilliant people get rich, and very stupid people get rich; physically strong people get rich, and weak and sickly people get rich.”
Here are 10 surprising things financially successful people do differently:


1. They surround themselves with positive people and do not waste time on negativity.
It is interesting to note that 67% of wealthy people watch one hour or less of TV every day, and only 6% watch reality shows.

2. They make sacrifices at first.
The financially successful will accept a reduction in income, drive a cheap used car, and downsize their house when they’re first starting out. They then take the money they save and invest it or re-invest it in something that will make them more money down the road. Sometimes, wealthy people choose to live frugally their whole lives. Warren Buffett is known for driving his car until it looks so disreputable that his employees pressure him into buying a new one.

3. They don’t waste time complaining.
If something bad happens, they change course, learn from it, or look for a way to use it to their advantage.

4. They make paying off debt and saving money a priority.
They know that “When one is bound by debt, he has no choice but to stay in a miserable job, location or house against his own will.”

5. They don’t blame the government or economy for their situation.
Instead, they take full responsibility for themselves and their actions, and believe they are in charge of their own futures. As Jim Rohn pointed out, in the six years it took him to make his first million dollars, the fact that a Republican President was replaced by a Democrat didn’t make one bit of difference.

6. They focus on long-term financial goals.
Instead of just making money and spending it, they take the time to create financial plans which enable them to reach long-term goals, and then they stick to those plans.

7. They don’t assume they already know everything.
86% of wealthy people love to read and believe in lifelong education. 88% of them read educational or work-related material for 30 minutes or more each day. 63% listen to audio books as they commute to and from work.

8. They offer services or create things of value.
They don’t just consume what other people have produced.

9. They do more than show up at the office, do their jobs, and go home.
They seek out ways to go above and beyond the call of duty, even if they are wage earners in a 9-5 job. 44% of financially successful people wake up three hours before work starts.

10. They are more excited about the process of creation than the money they make.
It’s not that they don’t care about making money, but money isn’t their top priority. The financially successful get satisfaction from making their clients and customers happy.They don’t necessarily need all of the latest gadgets and toys.

A Final Thought: While none of us have control over the government, our negative friends and relatives, or the economy, we can control how we think. If we can adopt a financially successful mindset, sooner or later we will become financially successful in reality, and in the meantime, we will FEEL financially successful, even if we’re strapped for cash. So we have nothing to lose by changing our thinking. Happy success!

New Thread: How India Vix is calculated?

Hemant Parikh at 10:43 PM - Aug 05, 2018 ( )

India Vix Calculations

Before we understand how India Vix (India Volatility index) is calculated, let’s understand what is volatility and what is volatility index.

Volatility refers to the amount of uncertainty or risk about the size of changes in a security or index value. A higher volatility means that a security’s value can potentially vary over a larger range of values. This means that the price of the security can change dramatically. A lower volatility means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time.

The Volatility Index, sometimes referred as the fear index, indicates the volatility in the market at present or in the near future. India VIX indicates the market’s perception of the expected near term volatility. All securities portfolios as well as stock market indices are subjected to volatility and thus the studying them can be helpful because options prices are chiefly governed by the volatility in the market.

Calculations for India VIX: India VIX is a volatility index based on the index option prices of NSE’s benchmark index NIFTY. India VIX uses the computation methodology of CBOE, with suitable amendments to adapt to the NIFTY options order book. India VIX is computed using the best bid and ask quotes of the out-of-the-money near and mid-month NIFTY option contracts, which are traded on the F&O segment of NSE. There are several factors which are used to calculate the index. Some important ones are these –

1) Time to Expiry: Time to expiry of the options contracts of Nifty that are selected to calculate the index. The time to expiry is computed in minutes instead of days in order to arrive at a level of precision expected by professional traders.

2) Interest Rate: The NSE Mibor rate of relevant tenure (i.e 30 days or 90 days) is being considered as risk-free interest rate for the respective expiry months of the NIFTY option contracts.

3) The Forward Index Level: A methodology called the forward index level is being used to select the contracts which will be used to calculate the index. India VIX is computed using out-of-the-money option contracts. Out-of-the-money option contracts are identified using forward index level. The forward index level helps in determining the at-the-money (ATM) strike which in turn helps in selecting the option contracts which shall be used for computing India VIX. The forward index level is taken as the latest available price of NIFTY future contract for the respective expiry month.

4) Bid-Ask Quotes: The strike price of NIFTY option contract available just below the forward index level is taken as the ATM strike. NIFTY option Call contracts with strike price above the ATM strike and NIFTY option Put contracts with strike price below the ATM strike are identified as out-of-the-money options and best bid and ask quotes of such option contracts are used for computation of India VIX. In respect of strikes for which appropriate quotes are not available, values are arrived through interpolation using a statistical method namely “Natural Cubic Spline”. After identification of the quotes, the variance (volatility squared) is computed separately for near and mid month expiry.

5) Weightage: The variance is computed by providing weightages to each of the NIFTY option contracts identified for the computation, as per the CBOE method. The weightage of a single options contract is directly proportional to the average of best bid-ask spread of that option contract and inversely proportional to the option contract’s strike price.

Finally, the variance for the near and mid month expiry computed separately are interpolated to get a single variance value with a constant maturity of 30 days to expiration. The square root of the computed variance value is multiplied by 100 to arrive at the India VIX value. In a nutshell, from usage point of view, higher the vix index value, higher the volatility.

New Thread: High Probability Trading Strategies - E BOOK

Hemant Parikh at 10:33 PM - Aug 05, 2018 ( )

Content :

PART ONE High Probability Trading Strategies for Any Market and Any Time Frame 


CHAPTER 1 High Probability Trade Strategies for Any Market and Any Time Frame 

Any Market, Any Time Frame Conditions with a High Probability Outcome Leading and Lagging Indicators 

What You Will Learn in This Book and CD Let’s Get Started 


CHAPTER 2 Multiple Time Frame Momentum Strategy 

What Is Momentum? Multiple 

Time Frame Momentum Strategies The Basic Dual Time Frame Momentum Strategy 

Momentum Reversals Most Price Indicators Represent Rate-of-Change 

Momentum and Price Trends Often Diverge 

How Dual Time Frame Momentum Strategies Work 

Which Indicators to Use for Multiple Time Frame

Momentum Strategies 

What Are the Best Indicator Settings to Use? 

Dual Time Frame Momentum Strategy Rules 

Dual Time Frame Momentum Strategy Trade Filter 


CHAPTER 3 Practical Pattern Recognition for Trends and Corrections 

Why Is It Important to Identify a Trend or Correction? 

Simple Pattern Recognition Based On Elliott Wave

Trend or Correction: The Overlap Guideline

ABC and Away We Go Complex Corrections Overlap Is the Key to Identify a Correction Trends and Five-Wave
Patterns Greater in Time and Price Fifth Waves Are the Key Momentum and Pattern Position Momentum and Pattern Not Enough 


CHAPTER 4 Beyond Fib Retracements 

Internal Retracements and Corrections Alternate Price Projections Qualify Internal

Retracements More Alternate Price Projections External Retracements Help Identify the Final Section of
a Trend or Correction Pattern Price Targets Price, Pattern, and Momentum 

No Excuse 


CHAPTER 5 Beyond Traditional Cycles 

Time Retracements and Corrections Alternate Time Projections Narrow the Time

Retracement Range More Time Factors 

The Time Target Zone 

Time Bands More Time Factors Conclusion 


CHAPTER 6 Entry Strategies and Position Size 

Entry Strategy 1: Trailing One-Bar Entry and Stop 

Entry Strategy 2: Swing Entry and Stop 

Position Size Conclusion 


CHAPTER 7 Exit Strategies and Trade Management 

Multiple-Unit Trading Risk/Reward Ratios Exit Strategies Trade Management

Trade Only the High Probability, Optimum Setups 

PART TWO Trading the Plan 


CHAPTER 8 Real Traders, Real Time 


CHAPTER 9 The Business of Trading and Other Matters 

Routines and Trading Records 

Why Traders Win or Lose 

Technology, Trading Time Frames, Markets to Trade,

and Leverage Trade for Points, Not for Ticks You Can’t Buy Success You CAN Be a Successful Trader 

More Bar-by-Bar Entry to Exit Trade Examples



New Thread: Sebi discontinues sub-broker category

Hemant Parikh at 11:18 PM - Aug 03, 2018 ( )

Sebi today said it has done away with the category of sub-brokers as market intermediaries, which require registration with the regulator. 

Besides, the markets regulator said no person will be granted a fresh sub-broker registration, and the registered ones will have time till the end of the current fiscal for migrating to act as an authorized person or trading member. 

Under the current framework, sub-brokers need to seek registration from the regulator under Sebi (stock broker and sub-broker) norms, while authorised persons need to seek registration from the concerned exchange. 

However, there is no difference in the operative role of a sub-broker and that of an authorized person. 

A sub-broker acts on behalf of a trading member as an agent for assisting investors in dealing with securities. 

The move came after Sebi's board in June had approved a proposal to discontinue with sub-broker as an intermediary to be registered with the regulator. 

"In view of the same, the need for the category of sub-broker as a market intermediary may no longer be required. 

"No fresh registration shall be granted to any person as sub-broker. Any pending applications for registration as sub-brokers under process, shall be returned to the concerned stock exchanges for onward transmission to the applicant," the Securities and Exchange Board of India (Sebi) said in a circular. 

According to the regulator, the registered sub-brokers will "have time till March 31, 2019 in order to migrate to act as an AP and/ or trading member" and those who do not choose to migrate will be deemed to have "surrendered their registration" with Sebi from March 31, 2019. 

"Consequent upon migration/ deemed surrender, the certificate of registration granted to the sub-brokers by Sebi shall stand withdrawn," the regulator said. 

All the existing sub-brokers will have to pay renewal fees to Sebi up to the financial year 2018-19, while the payment made by them for the period beyond that will be refunded by the regulator on receipt of recommendation from the respective stock exchange. 

The regulator has asked stock exchanges to put in place an appropriate process for surrender or migration of sub-broker to trading member or authorised person. 


In case of a registered sub-broker, who is already approved to act as AP in derivatives segment of the exchanges, he will be registered with the exchange to continue activities of sub-broker as an AP in cash segment, Sebi said. 

With regard to a registered sub-broker, who is not approved by the exchanges to act as AP in derivatives segment, the bourses will have to register them as same in the cash segment to continue their operations without disruption. 


Also, the existing sub-brokers have an option to become a trading member, if they meet the eligibility criteria prescribed under the regulations. 


New Thread: HDFC AMC

Hemant Parikh at 10:24 PM - Aug 03, 2018 ( )

HDFC AMC co. साल का 1000 करोड़ कमाती है और मार्किट कैप 23000 करोड़ है।


मतलब 23 के P/E पर शेयर 1100 रु प्रति शेयर में दे रहा है ।


अभी HDFC LIFE भी साल का 1000 करोड़ कमाती है और उसका शेयर 84 की P/E पर अभी ट्रेड के रहा है यानी 3.5 गुना ज्यादा वैल्यूएशन पर ट्रेड कर रहा है ।

दोनो कंपनी के business demanding है , फिर वैल्यूएशन में इतना gap क्यों ?

HDFC AMC का शेयर अगर 600 रु ऊपर यानी 1700 रु पर लिस्ट भी हुआ तो 35 के P/E पर ट्रेड होगा ।


बॉस, ये शेयर फट जायेगा , कोई फण्ड मैनेजर लिस्टिंग के बाद इस शेयर को नहीं छोड़ेगा ।


अगर ये 15 दिन में 2000 रु भी चला जाये तो मैं surprise नहीं होऊंगा।



New Thread: RBI Policy Highlights

Hemant Parikh at 02:48 PM - Aug 01, 2018 ( )

RBI Policy Highlights


The Reserve Bank of India hiked its repo rate by 25 basis points to 6.50% while keeping the monetary policy stance unchanged at 'Neutral.'


All the members of the Monetary Policy Committee's, except Ravindra Dholakia voted to hike the Reserve Bank of India's repo rate to 6.50% while keeping the policy stance unchanged at "neutral".

The RBI-led MPC has upwardly revised the inflation forecast for the second half of FY 2019 to 4.8% from 4.7% seen in June policy

RBI expects retail inflation in 4.7%-4.8% range in the second half of FY19 excluding the HRA impact with risks evenly balanced.

"Excluding the HRA impact, CPI inflation is projected at 4.4% in Q2, 4.7-4.8% in H2 and 5.0 % in Q1:2019-20," the central bank said on Wednesday.

The Reserve Bank of India retained FY19 GDP growth forecast at 7.4% in FY2019, the Monetary Policy Report showed.

The next MPC meeting outcome will be out on Oct 5, 2018.


Hemant Parikh at 12:17 PM - Jul 31, 2018 ( )

HOS GST will come down from 12% to 6%, 


Hemant Parikh at 01:27 PM - Jul 30, 2018 ( )

💡 Upcoming IPO


📣 Mainboard IPO in pipeline -


🔖Lodha Developer Ltd
🔖Credit Access Grameen Ltd
🔖PNB MetLife Insurance Ltd
🔖Nazara Technologies
🔖Rail Vikas Nigam Limited
🔖Capricorn Food Products India Ltd
🔖Prince Pipes and Fittings Ltd
🔖Patel Infrastructure Limited
🔖John Energy Limited
🔖CMS Info Systems Limited
🔖Gandhar Oil Refinery Ltd
🔖Laqshya Media Ltd
🔖Genesis Colors Ltd
🔖Seaways Shipping and Logistics Ltd
🔖Barbeque Nation Hospitality Ltd
🔖Go Air.
🔖ACME Solar Ltd
🔖Reliance General insurance Company Ltd
🔖Continental Warehousing Ltd
🔖Aakash Education Services
🔖Seven Islands Shipping Limited
🔖SREI Equipment Finance Limited
🔖Bharat Serum and Vaccines Limited
🔖GMR Airports Ltd
🔖National Stock Exchange (NSE)
🔖KIMS Hospitals
🔖Kalyan Jewellers
🔖Lite Bite Foods
🔖Energy Efficiency Services Ltd
🔖National Insurance Company
🔖Vishwaraj Sugar Industries Ltd
🔖Indian Renewable Energy Development Agency Ltd
🔖Indian Railways Finance Corporation Ltd
🔖Rail Vikas Nigam Ltd (RVNL)
🔖UTI Mutual Fund Ltd
🔖Devi Seafoods Ltd
🔖Anmol Industries Ltd (Anmol Biscuits)
🔖ReNew Power Ltd
🔖Voila F9 Gourmet Ltd
🔖Route Mobile Limited
🔖Sembcorp Energy India Ltd
🔖Flemingo Travel Retail Ltd
🔖Sandhya Marines Ltd
🔖Nekkanti Sea Foods Limited
🔖K P R Agrochem Limited
🔖Garden Reach Shipbuilders & Engineers Ltd
🔖Atria Convergence Technologies Ltd
🔖GR Infraprojects Ltd
🔖Mazagon Dock shipbuilders Ltd
🔖Genius Consultants Limited
🔖Dinesh Engineers Limited
🔖Crystal Crop Protection Ltd
🔖Hinduja Leyland Finance Ltd
🔖AnandRathi Wealth Management Ltd
🔖Aavas Financiers Ltd
🔖Shakun Polymers Ltd
🔖PN Gadgil & Sons Ltd
🔖Fino Payments Bank Ltd
🔖Montecarlo Ltd (Construction Company)
🔖Century Metal Recycling Ltd
🔖Chalet Hotels Ltd
🔖Dodla Dairy Ltd
🔖Craftsman Automation Ltd
🔖Penver Products Limited
🔖Spandana Sphoorty Financial Ltd
🔖Puranik Builders Ltd


Hemant Parikh at 01:09 PM - Jul 30, 2018 ( )








BNF RANGE <><><> 27469 -----27793





From: HEMANT PARIKH at 02:44 PM - Aug 09, 2018( )



<><><> 28386.00 <><><>




Hemant Parikh at 11:08 AM - Jun 26, 2018 ( )

The National Stock Exchange Ltd. today released a list of 46 stock futures that will be settled physically post Securities and Exchange Board of India’s decision to move to physical settlement in the derivatives segment in a phased manner.

Existing unexpired contracts for April, May and June will be available for trading in the cash settlement mode, the NSE said in a statement on its website. All new expiry month contracts issued in the above securities after expiry of April contracts, that is, July expiry onwards, shall be settled physically, the statement added. There are 208 stocks on the NSE.

The Bombay Stock Exchange also released a similar list, though stock futures trading on that exchange is marginal.

Here are the list of stocks that will be settled via physical settlement from July contract onwards in line with the SEBI guidelines,

Adani Power Ltd.
Ajanta Pharma Ltd.
Allahabad Bank
Andhra Bank
Balrampur Chini Mills Ltd.
Beml Ltd.
Berger Paints (I) Ltd,
Can Fin Homes Ltd.
CG power And Industrial Solutions Ltd.
Chennai Petroleum Corporation Ltd.
DCB Bank Ltd.
Godfrey Phillips India Ltd.
Godrej Industries Ltd.
Granules India Ltd.
Gujarat State Fertilizers & Chemicals Ltd.
Hexaware Technologies Ltd.
Hindustan Construction Company Ltd.
IDBI Bank Ltd.
Jaiprakash Associates Ltd.
Just Dial Ltd.
Kaveri Seed Company Ltd.
Kpit Technologies Ltd.
Mahanagar Gas Ltd.
Mangalore Refinery And Petrochemicals Ltd.
NIIT Technologies Ltd.
Oil India Ltd.
Oracle Financial Services Software Ltd.
Oriental Bank Of Commerce
PTC India Ltd.
PVR Ltd.
Reliance Communications Ltd.
Reliance Naval And Engineering Ltd.
Reliance Power Ltd.
Repco Home Finance Ltd.
Siemens Ltd.
SREI Infrastructure Finance Ltd.
SRF Ltd.
Syndicate Bank
The Ramco Cements Ltd.
Torrent Power Ltd.
TV18 Broadcast Ltd.
United Breweries Ltd.
V-guard Industries Ltd.
Wockhardt Ltd.


SEBI, in its March 28 board meeting, had approved a framework to strengthen the derivatives market. It had laid down a road map to align cash and derivative segments through physical settlement for all stock derivatives in a phased and calibrated manner.

The regulator tightened the selection criteria for introduction of stocks into the derivative segment. It increased the market wide position limit and median quarter-sigma order size from the current level of Rs 300 crore and Rs 10 lakh respectively to Rs 500 crore and Rs 25 lakh respectively. It also included an additional criterion – of average daily ‘deliverable’ value in the cash market of Rs 10 crore. These enhanced criteria would need to be met for a period of six months for a stock to remain in the derivative segment.


SOURCES : https://www.bloombergquint.com/markets/2018/04/23/a-fifth-of-stocks-in-nse-derivatives-segment-to-move-to-physical-settlement-from-july

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RBI Policy Highlights [1 ] General Discussion 01 Aug, 2018
REAL ESTATE [3 ] General Discussion 31 Jul, 2018
UPCOMING IPO [1 ] General Discussion 30 Jul, 2018
BANK NIFTY FUTURE [15 ] General Discussion 30 Jul, 2018
BE CAUTIOUS & CAREFUL [3 ] General Discussion 10 Jun, 2018
SALARY STRUCTURE IN INDIA [1 ] General Discussion 06 May, 2018
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PERFORMANCE OF VARIOUS INDICES AS OF END APRIL 2018 [1 ] General Discussion 06 May, 2018
INDIA , AS AN INVESTOR [1 ] General Discussion 05 May, 2018
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Trading Hours on Stock Exchanges [7 ] General Discussion 04 May, 2018
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