Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile
Saurav Sultania सौरव

@wsaurav_sauranw

Working at ICICIdirect, one of India’s largest and trusted brokerage platform. Love investing in Stocks and trading Options. Tweets and retweets are personal

ID: 1723302761062670336

linkhttps://www.icicidirect.com/ calendar_today11-11-2023 11:33:08

15 Tweet

12 Followers

312 Following

Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

Starting today, Nifty lot size is revised from 25 to 75 - NSE volumes has further dropped to ₹72 lakh cr from nearly ₹130 lakh cr - 1 lot of buy option is now at ₹11k premium from ~ 3.5k earlier! - Short straddle margin is ₹2.4 lakh, rising to ~ ₹3 lakh with ELM on expiry

Starting today, Nifty lot size is revised from 25 to 75
- NSE volumes has further dropped to ₹72 lakh cr from nearly ₹130 lakh cr
- 1 lot of buy option is now at ₹11k premium from ~ 3.5k earlier!
- Short straddle margin is ₹2.4 lakh, rising to ~ ₹3 lakh with ELM on expiry
Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

It will significantly benefit customers , as cash in #broker pool means a loss of earnings for clients and income for brokers. It’s a daily 1 basis point loss. Large clients understand this most. Now with 3-in-1 ASBA everyone will benefit. Since 2000, this is our core offering.

It will significantly benefit customers , as cash in #broker pool means a loss of earnings for clients and income for brokers.

It’s a daily 1 basis point loss. Large clients understand this most.

Now with 3-in-1 ASBA everyone will benefit. Since 2000, this is our core offering.
Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

MTF book on NSE/BSE: •9th Jan: ₹87,355 crores •10th Jan: ₹86,466 crores •13th Jan: ₹84,222 crores MTF positions sold: ₹2,244 crores on 13th Jan, ₹3.2k crores over 2 days. Out of 3.1k selling by retail, 2.2k seems on account of MTF. In a way, lightened the book

MTF book on NSE/BSE: 

•9th Jan: ₹87,355 crores
•10th Jan: ₹86,466 crores
•13th Jan: ₹84,222 crores

MTF positions sold: ₹2,244 crores on 13th Jan, ₹3.2k crores over 2 days.

Out of 3.1k selling by retail, 2.2k seems on account of MTF. 

In a way, lightened the book
Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

Source : NSE website. F&O ADTO - down -39% Oct-24 - 4.99 lacs crores Nov-24 - 4.42 lacs crores Dec-24 - 2.95 lacs crores Jan-25 (till 20th) - 3.02 lacs crores Premium ADTO - down 20% October - 78,346 crores Nov- 69,219 crores Dec - 61,423 crores Jan - 62,975 crores

Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

MTF open position book in NSE 9th Jan - 83,644 crores 13th Jan - 80,642 crores ( - 3k) 22nd Jan - 81,427 crores ( + 800 crore) NSE average Daily Cash volumes Jan - 95k Dec - 1.04 lacs June - 1.53 lacs ( peak ) Last 2 months is sluggish in volumes and participation.

MTF open position book in NSE 

9th Jan - 83,644 crores 
13th Jan - 80,642 crores ( - 3k) 
22nd Jan - 81,427 crores ( + 800 crore)

NSE average Daily Cash volumes 

Jan - 95k 
Dec - 1.04 lacs 
June - 1.53 lacs ( peak ) 

Last 2 months is sluggish in volumes and participation.
Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

Hi, based on the latest reported figures, ICICIdirect holds nearly a 20% market share in Margin Trading Facility (MTF) in India 🇮🇳!

Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

From 10th February, under the new regulatory F&O framework If you short 24,000 call options on 13th February contract and buy 24,000 call options on 20th February contract, the margin requirement would have been ₹50,120 earlier due to hedging, while the total margin was ₹18.3k

From 10th February, under the new regulatory F&O framework
If you short 24,000 call options on 13th February contract and buy 24,000 call options on 20th February contract, the margin requirement would have been ₹50,120 earlier due to hedging, while the total margin was ₹18.3k
Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

#Nifty, #BankNifty and Equity #Options contracts expire monthly. Today is the important day: - Current monthly expiry of Nifty and Bank Nifty will charge additional 2% ELM on all short positions. Financial Nifty, Midcap and all.

Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

Zomato , Reliance has largest reduction in book size. It’s just indicative of what’s happening in market. NSE site : nseindia.com/all-reports#cr…

Zomato , Reliance has largest reduction in book size. 

It’s just indicative of what’s happening in market. 

NSE site : nseindia.com/all-reports#cr…
Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

Direct credit of shares to client without hitting broker pool is now live. Its removes a systemic risk where brokers had access to clients shares. MTF pledging becomes easy as now its auto-pledged The risk left is clients cash lying in broker pool. Hopefully it gets solved

Saurav Sultania सौरव (@wsaurav_sauranw) 's Twitter Profile Photo

Also, for tax advice one must always consult the chartered accountant. Whether too many or too frequent transaction in equities is capital gain or business income is something which Assessing officer can decide. Pls always consult CA for any advice on this subject.