New Delhi (India), July 14: As India climbs the ladder of economic prosperity, the man in the street also benefits from this growth. On the economic front, we have performed exceedingly well, which has boosted the overall market confidence and has led to more and more investment from variegated domains. The flow of investment has never been this great in the last couple of decades despite the pandemic. However, when we deal with money, it becomes imperative that we seek the guidance of an industry expert having years of experience. Today, we are going to talk about one such veteran firm – Vantage. 

Vantage is a global multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares, and Cryptocurrencies. With its market presence in the financial segment spanning over a decade, Vantage is more than a broker. It doesn’t only provide a trusted trading ecosystem but also a faster and simpler platform that enables clients to take better advantage of trading opportunities.

Headquartered in Sydney, Vantage has emerged as one of the most reputed trading companies globally, with an extensive support network with more than 30 offices spanning over 172 countries. Their all-in-one trading app, called Vantage App, allows its users to trade over 1000 different instruments from where ever they are. The App’s ultra-fast execution, stable performance, and round-the-clock dedicated customer service support ensure that with Vantage, you have the edge to win.

Its dedicated, experienced professionals are committed to serving their clients with customized brokerage & trading solutions best suited to their preferences and delivering these comprehensive solutions by adopting the latest technologies and e-capabilities. Vantage focuses on serving its customers by equipping traders of all levels with world-class trading solutions in the financial markets.

Since the company’s inception in 2009, Vantage has offered retail Forex trading clients an unparalleled Forex trading experience. Vantage has been recognized worldwide by a number of highly respected organizations and publications for its superior offering and premium-level service as a forex broker. In 2023, Vantage was again awarded “Best Trading Services Provider APAC (Asia-Pacific)” by ADVFN, “Best FOREX Broker of the Year – Global” and “Best Web Based Trading Platform and Mobile App – 2023 by EMG – Global 100. 

Vantage is committed to creating opportunities for people from all walks of life to start trading by bringing one of the best institutional offerings to the man on the street. To become a global leader in the brokerage industry, Vantage strives to be more than just a broker. Their ever-improving ecosystem supports clients at every step of the trading journey by providing them with the markets, tools, platforms, educational materials, and customer service they need in order to succeed. In a competitive landscape with constantly evolving client needs, Vantage consistently finetunes its products to stay on top.

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New Delhi (India), May 27: Sourabh Sisodiya’s love for trading began in his childhood, and it has remained a passion that fuels his daily routine. Trading never feels like work to him, except when he experiences losses, which he humorously acknowledges. The constantly evolving nature of the market makes it fascinating for Sourabh, as each day presents new challenges and opportunities.

Sourabh’s typical day starts with preparing for the day ahead, enjoying a cup of coffee and a quick breakfast. After a short commute to the office, he stays updated on the latest Wall Street and Asian market news, paying particular attention to macro and stock-specific events that may impact his investments.

The pre-opening session marks the beginning of the trading day. As an index trader, Sourabh focuses on analyzing the Bank Nifty, utilizing his proprietary intraday theta eating strategy, affectionately named “Snorlax.” This strategy, developed based on historical data and intraday patterns, enables Sourabh to create skewed delta positions and implement appropriate stop-loss measures.

Once the market opens, Sourabh actively monitors the market using his momentum-based system called “Velocity.” This system scans the liquid F&O universe, generating signals for automated trades based on momentum and intraday trading patterns.

During midday, when market activity tends to slow down, Sourabh takes the opportunity to interact with fellow traders at TheTradeRoom, exchanging views and discussing ongoing positions. He also collaborates with the Quant team, focusing on backtesting trading strategies and exploring innovative approaches such as machine learning models using CNN.

He then goes live on TV on ET Now Swadesh, a Times Group Company and shares his view on the markets and top stock picks.

Lunchtime offers a chance to recharge and evaluate market cues from European openings. The risk team ensures contingency plans are in place while Sourabh enjoys a meal shared with his colleagues, fostering camaraderie and team spirit.

Returning to his trading desk, Sourabh evaluates his positions and continues to rely on Snorlax and Velocity to capitalize on intraday moves. He constantly strives to optimize his trading systems and identifies potential positional trades based on momentum and top gainers for the day, engaging in discussions with the team to determine suitable hedging strategies.

As the trading day comes to a close, Sourabh ensures all intraday trades are closed, reviews portfolio risk in anticipation of major market gaps the following day, and identifies areas for improvement and system optimization.

After market hours, Sourabh dedicates time to physical exercise at the gym, and spending quality time with his family in the evenings. As a lifelong learner, he immerses himself in reading about quantitative finance, risk management, and psychology, constantly expanding his knowledge and skill set.

Before bedtime, Sourabh indulges in another passion – playing poker online. He applies the principles of patience and strategic decision-making from poker to trading, enhancing his trading skills and increasing his odds of success.

While weekends are often filled with work-related activities, Sourabh understands the importance of maintaining a work-life balance. He organizes outdoor activities with his team, fostering strong bonds and camaraderie outside the office, further strengthening their collective spirit.

Sourabh Sisodiya’s daily routine exemplifies the dedication, adaptability, and continuous learning necessary for a successful trader. His passion for the industry and relentless pursuit of improvement make him an inspiration to traders and aspiring professionals alike.

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New Delhi (India), May 4: Aksha Khosla has had a significant position in the stock market industry for more than 20 years, and his business, Khosla Trade Wise Private Limited, has quickly established itself as a reputable brand. Despite being only four years old, the business has already developed a devoted clientele as a result of its dedication to excellence and integrity.

The services offered by Khosla Trade Wise Private Limited to its clients include portfolio management, investment counsel, and trading tactics. The business takes pride in its personalised approach, modifying its services to fit each client’s particular demands and objectives.

The unwavering dedication to integrity that Khosla Trade Wise Private Limited has is one of the primary characteristics that set it apart from its rivals. The business acts honestly and transparently, giving clients accurate information about their assets. Because of its dedication to moral business conduct, the company has gained the respect and trust of its customers, who enjoy the security that comes from knowing their investments are in capable hands.

Through its commitment to excellence, Khosla Trade Wise Private Limited has also established a reputation for itself. The company’s staff of professionals is highly qualified and informed, remaining current with the market’s most recent trends and advances. This enables the business to offer clients the greatest counsel and direction available, assisting them in making wise financial decisions.

Khosla Trade Wise Private Limited is dedicated to upholding its basic principles of integrity and excellence as it grows and broadens its reach. The business is well-positioned to continue serving its customers for many years to come because of its personalised approach and emphasis on ethical business practises.

The nifty objective of $45,000 is this week’s tip from Aksha Khosla of Khosla Tradewise Pvt Ltd.

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It was an extremely tough and volatile week at the bourses. Markets were all over the place and the small net change at the end of the week, does not convey the overall movement or the sentiment that prevailed.

Markets gained on two of the five sessions and lost on three. BSESENSEX lost 462.80 points or 0.80 per cent to close at 57,527.10 points while NIFTY lost 155 points or 0.91 per cent to close at 16,945.05 points. The broader indices saw BSE100, BSE200 and BSE500 lose 0.97 per cent, 0.93 per cent and 0.99 per cent respectively. BSEMIDCAP and BSESMALLCAP lost significantly more at 1.98 per cent and 1.48 per cent respectively.

The Indian Rupee gained 7 paisa or 0.08 per cent to close at Rs 82.48 to the US Dollar. Dow Jones gained on four of the five trading sessions and lost only on the day FED raised interest rates. Dow Jones was up 375.55 points or 1.18 per cent to close at 32,237.53 points.

The US FED raised interest rates by 25 basis points on expected lines. The rate band is now at 4.75 per cent - 5.00 per cent. This is the ninth consecutive rate hike since the FED began raising rates from March 22. Suffice to say that because of the high inflation, rates which were at 0-0.25 per cent one year ago, are now at 4.75 per cent -5.00 per cent. Further, Jerome Powell, post the announcement has not said or conveyed that there would be an immediate pause going forward. There may be further hikes and then a pause. Keep your fingers crossed. A point to be kept in mind is that 2/3rd of the Quantitative Tightening has been returned post the bank failure.

After the two banks went down in the US followed by the Swiss bank Credit Suisse, it's now the turn of the German Bank, Deutsche Bank. Shares of the bank have crashed and there is talk on the street that the German regulator would have to step in and ensure a bailout of sorts. It sure is a tough time for the banking sector globally and inflation, while it has peaked off, has not fallen to levels which could be construed to be comfortable.

The Finance bill was passed and there were changes which have been made concerning the capital markets. STT has been raised on Futures and Options by 25 per cent. The rate has been raised from Rs 1,700 to Rs 2,100 per crore. This would in the short term effect volumes on the exchanges. Secondly the contentious issue of taxing the return of loans or debt to the parent in the case of REITs and INVITs has been resolved. The tax would only apply once the initial loan is repaid in totality and taxed on further repayments.

The trading highs and lows made during the week were at 58,418 and 57,084 on BSESENSEX and 17,207-16828 on NIFTY. The lows were made on the very first day of the week, while the highs were made on Wednesday. What is significant is the fact that markets failed to challenge the resistances. The intraday movements were big but the net change and the cumulative net change for the week were quite small. This also gives a feeling that no one is willing to take long positions, hence there is profit taking or selling at the latter half of the day.

The week ahead has a trading holiday on Thursday the 30th of March and hence March futures would expire on Wednesday, a day earlier. The present value of NIFTY futures is down 566.20 points or 3.23 per cent for the series. Considering the net change of last week, this is a big difference and it would be quite apparent that the bears would have the series. It must be noted at this point, that Wednesday would be the last trading day for the current financial year 2022-23, and trading on Friday the 31st March would be accounted for in the next financial year.

Coming to the week ahead, key support levels would be at 16,600-16,650 on NIFTY and 56,500-56,650 on BSESENSEX. If this does get broken, we would have strong support a little lower at 16,400-16,450 and 56,000-56,150 respectively. On the resistance side, the first level would be 17,150-17,200 on NIFTY and 58,150-58,350 on BSESENSEX. In case this does get violated, the next levels would be at 17,300-17,350 on NIFTY and 58,600-58,750. The second level needs tremendous buying to be touched or violated. A key pivot for the markets in the week ahead would be 17,050 on NIFTY and 57,800 on BSESENSEX.

The strategy for the week would be to sell on any rallies and refrain from overnight positions on most days particularly on Wednesday, when we have a holiday the following day. The midcap and Smallcap segments would continue to be under pressure and one must remain cautious in them.

Trade cautiously.

(Arun Kejriwal is the founder of Kejriwal Research and Investment Services. The views expressed are personal)

New Delhi, March 24 (IANS) The Finance Ministry on Friday evening clarified that the securities transaction tax (STT) on options trading has been hiked by 25 per cent from 0.05 per cent to 0.0625 per cent, and not from 0.017 per cent to 0.021 per cent, saying that it was a typographical error and the rectification will be done in accordance with the extent procedure of the government.

The STT for futures trading remains the same, as was announced in the amendments to the Finance Bill 2023, i.e., it has been raised to 0.0125 per cent from 0.01 per cent. The hikes in STT for both futures and options trading would be effective from April 1, 2023.

In short, the STT has been hiked by up to 25 per cent on futures and options (F&O) trading as per the amendments to the Finance Bill 2023, which was passed in the Lok Sabha earlier in the day through voice vote, without any discussion.

By effecting a hike in STT on F&O trading, the government aims to tax such transactions more as turnover is higher in them.

As per the amendments, option traders will have to pay Rs 6,250 for every Rs 1 crore worth of turnover as against Rs 5,000 that is being paid currently, which translates into a hike of around 25 per cent. Also, traders will now have to pay STT of Rs 1,250 on Rs 1 crore of turnover while selling futures.

New Delhi, India - Trading in the newly launched, more representative Cotton Futures Contract has officially begun today, February 13, 2023, with the joint efforts of the Government of India, Multi-Commodity Exchange (MCX), and trade and industry stakeholders.

The launch of the new cotton futures contract at MCX on January 31, 2023 aimed to make the futures prices more representative and less speculative. The contract specification and quality standards were modified to achieve this goal. With the new futures contract in place, industry players now have a platform to hedge their risks from future price volatility, while farmers can use the reference price when making decisions on selling their produce.

During the cotton season of 2021-22, Indian cotton prices hit a high of over Rs. 100,000 per candy in May 2022, due to unseasonal rains, speculative trading, and a global cotton shortage. Concerns were raised about the lower open interest and speculation through the trading of cotton futures on the MCX, leading to distorted domestic cotton prices.

To address these issues, the Textile Advisory Group held its 2nd interactive meeting in July 2022, and the Product Advisory Committee of MCX was reconstituted and expanded to include representation from the entire textile value chain, from farmers to end-users, to curb speculative trading and price volatility. As a result, Indian cotton prices are now competitive and in line with global prices.

With the successful launch of the more representative cotton futures contract, the industry can look forward to a more structured system, real price discovery, and stability in cotton prices.