Finally some good news for Equity Traders…
Hope this STT menace is done away for Cash atleast.
this is a real good news both benefit for options players and cash players, if this is true
IMO, STT should be done away on Cash completely. If it’s done away, I’m going to treat everyone in this forum.
if really that happen option turnover, exchange and brokers business turnover fall, may be broker come with like jio zero to premium packs. Making retailers to subscribe packages which in terms of algo already started may be we see addons like pro means algo and strategy package, pro plus dedicated handler …etc
, yeh business hai they will sorte out new plans to be profitable.
Don’t know about Options, but Cash is my territory. Anything positive happening in Cash & Futures segment, is good for me.
Remember, no matter who says what, the big money is in Cash and Futures. NOT options. Although @t7support bro will disagree.
And I don’t trust Jio with my money. I don’t know but something in my stomach says no.
yes its cash is king always which is the founding stone on all, options and futures are derived from that , by above measure options trading will be less active, it will reduce speculation in markets and index. May be now onwards we see more retail participation in cash segment like intraday. Why I am saying this will reduce business of brokers because option trader usually do more trade and turnover at present their share is major in their profits of brokerage, if above measures kick in we see less participation and fall in brokerage for sometime, but things will cool down to pre-covid calm markets, which is a happy and good news for all.
Just check the money pumping into options relative to cash or futures. Even after all the recent regulatory changes options overshadow both futures and cash markets in volume and value. Options give many options to make money
Also SEBI chair had dismissed the idea of banning weekly options earlier
Like I said, brother will disagree here but that’s okay as long as everybody makes money.
If STT is abolished (or significantly reduced) I might be able to do some of the trading in Cash. A liquid cash market with allround depth is good for mkt stability, good for everyone, but will Govt do it…
For most people ‘Cash’ is better (in a structurally bull market), for few ‘Options’ are decidedly better
Like a lion, they have now tasted blood (Cap Gains Tax + STT), they are likely to keep squeezing further. However, now voices against STT is becoming prominent, might be this could be abolished for Cash segment… Fingers crossed.
I could scalp just 0.10% - 0.20% in cash, multiple times a day endlessly no matter how the market looks like in any given day, but this strategy is currently shelved because all of its gets eaten via STT.
That wouldnt be good in the Cash mkt, even with 0 STT
After all he is the king of the country. What can we peasants do about it.
He is capable enough to disrupt the game without even seeking alliance.