Comment on Latest updates - Aug 2017

Manu Sharma commented on 14 Sep 2017, 12:42 AM

Hi Nithin,
I am a client of Zerodha since July 2013. Its been a great experience. Zerodha has been instrumental in growing my interest in the stock market with inducting so many indicators over the period. I would like to have fib extensions too.
I just got two points to share. First I think the stock market time should be extended til 7:30pm. A lot of people would definitely want to day trade after office. By the time I reach home, the market is closed and I am not able to day trade. Moreover if Indians can watch live market action after office, it will develop interest in the stock market.
My second point is that it has been a huge huge let down for the trading community the way the central government has increased the lot size in futures trading. This is such a shocker to the trading community which is very few in numbers in India. This move is bigger than demonetization. How can lot size amount be increased from Rs. 2 lakhs to almost 6 lakhs? A 5% move on the wrong side will wipe out Rs. 30,000. I believe all the brokers and trading community should ask the govt to roll back the decision. If not then certain changes should be made. If the govt is so concerned about retail investors losing money in futures, then a cap on loss of an individual retail investor in futures market can be placed which will depend on the income tax returns ! This will in fact make more Indians pay tax.
Thanks

View the full comment thread »