Wednesday, October 20, 2010

23 Stocks to be added in Derivative from 29OCT

Introduction of futures and options contracts on 23 additional individual securities
S.NO SYMBOL NAME OF THE SECURITY

1 3IINFOTECH 3I INFOTECH LIMITED
2 ALOKTEXT ALOK INDUSTRIES LIMITED
3 BAJAJHLDNG BAJAJ HOLDINGS & INVESTMENT LIMITED
4 BATAINDIA BATA INDIA LIMITED
5 BOMDYEING BOMBAY DYEING & MFG COMPANY LIMITED
6 CENTRALBK CENTRAL BANK OF INDIA
7 DCB DEVELOPMENT CREDIT BANK LIMITED
8 ESCORTS ESCORTS LIMITED
9 HAVELLS HAVELLS INDIA LIMITED
10 HINDOILEXP HINDUSTAN OIL EXPLORATION COMPANY LIMITED
11 IGL INDRAPRASTHA GAS LTD
12 INDUSINDBK INDUSIND BANK LIMITED
13 IRB IRB INFRASTRUCTURE DEVELOPERS LIMITED
14 JETAIRWAYS JET AIRWAYS (INDIA) LIMITED
15 KTKBANK THE KARNATAKA BANK LIMITED
16 MAX MAX INDIA LTD
17 MRF MRF LIMITED
18 OIL OIL INDIA LIMITED
19 SKUMARSYNF S. KUMARS NATIONWIDE LIMITED
20 SREINFRA SREI INFRASTRUCTURE FINANCE LIMITED
21 STRTECH STERLITE TECHNOLOGIES LIMITED
22 TATAMTRDVR TATA MOTORS DVR 'A' ORDINARY
23 TVSMOTOR TVS MOTOR COMPANY LIMITED

Normally whenever stock gets added in F&O segment i had expressed view that gains can be possible in the stock. But Market valuation is fully priced so i would advise stock specific approach and avoid aggression. I am strongly against F&O, it drains investors +Traders wealth – F=Futures takes away future of the trader or investor and Option is an Ice Cream which melts faster if you are a Buyer and Option writing is the dangerous weapon for any small trader or investor. F&O can be good for hedging but if wrongly used this can be a dangerous weapon.