Saturday, September 15, 2012
On Friday(14th September)there was a gap up opening of around 100 points in Nifty. On last Friday(7th September) gap up was 75 points. In earlier occasions there was gap down openings also of such magnitudes. Retail traders having positions in F&O are at heavy losses in such situations. On Monday also there may be a gap up opening of 75 - 100 points. It is seen that Nifty tend to move to the levels of Singapore Nifty at the opening and Friday closing of Singapore Nifty was at 5655. FIIs having branches in India and Singapore are able to reduce their losses or even make profits by trading at both the exchanges. Poor Indian retailers are destined to curse themselves and succumb to heavy losses. National Stock Exchange should come up to save retail F&O traders by introducing trading in F&O from 7.00 p.m. to 10.00 p.m.(T+1) and from 7.00 a.m., similar to Singapore Exchange.