Hi
Soon you will see Starting of hedge funds in India.SEBI will soon permit Them ..then short deliviery will be possible..but what will retailer do with SHORT DELIVIERY limited exposure which is related to their ITR.
If sebi wants to cut down retail traders, it will never do anything which encourage retail trader..
But restricting traders to trade is the violation of fundamental right of freedom which can be challanged according to constitution..Besides, in business law, its a violation of fair trade practise & promoting monopoly & restricting some players by putting restriction .This rule is against law..but who will listen because retail trader has not loads of money & nor they make any vote bank..
so you will see more ridiculus steps by sebi to reduce retail or stop retail particiapating in f& o..
its like same some big shopkeepers told sebi to shut down all small shopkeepers by making law..besides, force shopkeepers to give their money to big shopkeepers also..
I am really angry this time..how can you stop me to earn my living? I am paying you tax ..even double tax..STT & INCOME TAX ON MY PROFIT..
lets take calculation, if I earn 1000 rs from bank nifty..I give 200 rs to govt, stock exchange & brokers..,...now I have to pay tax on those 800 rs also..
govt , stock exchange or broker ..they all are earning from me..what are they doing to let me do my busineess smoothly..making daily new new stupid laws & impose on me..I have been learning trading after years of hardwork ..& when comes the time to earn from it, they want me to stop my business..
If we provide good ITR also & good networth certificate also..but will the market be tradable? after using of computers & algos, intraday trading is getting more difficult...after reducing retail participation, which gives liquidity, how will I trade such volatile markets..whole techanical analysis & price action will be changed..it will be the market of some big players which is playing my Computers, algos & artifical intelligence also..can I manully compete with?? no..I am out of business!
stock market works on demand & supply..it works because its open & all participants take individual ..this move will be not good for even share market existence & its inddependent working..
I hope this decision will be challanged in court & SC give justice to retail & average person of india
thanks