Nivesh Bazaar

[uneven badger]

a place for us to discuss everything from equities and market news to upcoming IPOs and strategies

[tawny otter]

[inland grove]

Mujhe paisa do

25 din me double karke dunga

[tawny otter]

indian scammer

[uneven badger]

haa le 30 rupees

[tawny otter]

bhai itna bada dil kaha se laate ho

discord ke salman khan

[uneven badger]

I owe him that

[tawny otter]

30 rupees in this economy

[uneven badger]

[tawny otter]

anyways

[inland grove]

Saala Mera Paisa mereko hi udhaar deta he

[tawny otter]

do yall think tvs aur upar jaayega or has it finished its time in the spotlight

[uneven badger]

do you apply IPOs ?

[hallow meteor]

Anything's a guess 🫠

[uneven badger]

i dont know the news about it.
It will definitely grow in coming years

[hallow meteor]

I genuinely don't think I understand Indian market

Like idk the news

[uneven badger]

thats what you need to follow

[hallow meteor]

That's the problem my entire feed is US type shit

[tawny otter]

not much knowledge in it i only do stocks and etfs so far

[uneven badger]

there is also global influence

[hallow meteor]

I should put money there because swalpa swalpa I understand

[uneven badger]

like FDI

[tawny otter]

yeah indian market is a loose cannon

kabhi bhi kuch bhi ho sakta hai

[uneven badger]

ohh

[tawny otter]

when i entered eicher motors i expected no more than a 10 percent profit

[uneven badger]

do you invest in US market

[hallow meteor]

Bitcoin prolly went up because trump made his statue in from of the Capitol

[uneven badger]

i dont trust bitcoin

[hallow meteor]

Neither do I bhau I hate crypto and crypto bros

[uneven badger]

too volatile

[hallow meteor]

In 2020 when I was looking for jobs on Angellist every other company was a web3 company a

[tawny otter]

same

[hallow meteor]

All shut down I'm so happy 🔥

[tawny otter]

crypto is not my cup of tea

[uneven badger]

also I dont have faith in virtual currencies

gold is better

[tawny otter]

💯

[hallow meteor]

Gold vs SGB?

Nvm I need to get back to making money thru jobs

[tawny otter]

no idea whats sgb

whats yalls take on the autobees etf

for those who dont know its a mirror of cnxauto

[hallow meteor]

Sbeven gold bars

SGB is Sovereign Gold Bonds

[tawny otter]

oh?

[uneven badger]

i havent done etf yet

all my money went to stocks and options

government bonds are best

[tawny otter]

whats your portfolio rn

[hallow meteor]

SGBS are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by RBI

After the maturity of a Sovereign Gold Bond (SGB), the bond is automatically redeemed, and the proceeds, which are the prevailing market value of the gold at that time, are credited to the investor's linked bank account. The final redemption price is based on the average closing price of 999 purity gold from the three business days before the maturity date,

[uneven badger]

its mostly small medium enterprises

pump and dump strategy

[hallow meteor]

Sounds like a post hookup strat

[tawny otter]

what makes it a better option than gold etf i wonder

[tawny otter]

💀

[hallow meteor]

No making charges

No gst as well I think

[tawny otter]

oh?

wow

[uneven badger]

convenience

its a govt bond

[tawny otter]

how is anything better than etf when it comes to convenience

[dense nacelle]

...

[frosty canopy]

@uneven badger:
https://instagramez.com/reel/DOu5XvzEiim/

[tawny otter]

eicher just hit 7k

[uneven badger]

[tawny otter]

why😔

[uneven badger]

I sold one lot of my IPO it is still in upper circuit

[tawny otter]

🤤🤤🤤

[uneven badger]

@heady root @dense nacelle @tawny otter

Fast money if you get lucky

[heady root]

Noted

[tawny otter]

which is this

[dense nacelle]

[uneven badger]

@heady root

You can Pre apply

Studds got same

[heady root]

16% sounds good, so even if we sell, that's 12-13% profit after tax

[uneven badger]

Already 2x subscribed

[uneven badger]

There is tax ?

[heady root]

If you sell

[uneven badger]

I never did any taxes

[heady root]

Tax on short-term gains are 20%

[uneven badger]

Ohh

Now I get it

[uneven badger]

So they cut it the moment you sell ?

The broker ?

[heady root]

Nope nope. You have to pay

[uneven badger]

I have never paif

[heady root]

[uneven badger]

https://tenor.com/view/panik-kalm-calm-meme-memer-gif-20895926

I never got any tax notice either

[heady root]

Too small to notice

[uneven badger]

Exactly

Does that stcg apply to options trading also @heady root

[heady root]

Every gain yes

[uneven badger]

[heady root]

If you sell something in less than 12 months, that's short-term tax

[uneven badger]

With a NISA account I pay 0 tax here

But I can use it with only broker at a time

[midnight jungle]

ding dong

[dense nacelle]

List of funds to be avoided, make a note on this guys

[uneven badger]

i am tired of day trading, i am thinking of putting everything in gold etf and not look at it

[dense nacelle]

Don't day trade ...

[uneven badger]

my mutual fund recommendation would be the top tax saver funds

[dense nacelle]

Buy nifty and bullion yes

[uneven badger]

NIFTY will be dropping in the coming weeks slowly. my put options were mostly sucessfuly

some timing was wrong

but its too much

time and the stress

[dense nacelle]

You can make like collar, or covered calls/cash secured puts in long term contracts, maybe

but don't day trade

[uneven badger]

long calls are expensive

[dense nacelle]

Its not worth it

[uneven badger]

I buy like 1000 options and sell for 1-2 rs margins

but it aint easy

[dense nacelle]

You have to incorporate like both buy & sell legs to minimise theta

I do strangles in leaps while having nifty underlying

[uneven badger]

I wont have time for all that

better buy gold

[dense nacelle]

The legs are such a way that in case nifty opens at -20% tomorrow my portfolio will be flat/slightly in profit even after underlying is down 20%

[dense nacelle]

Yes, lile I said buy nifty & bullion

[uneven badger]

and my mutual funds are doing well

[uneven badger]

you mean nifty stocks ?

[dense nacelle]

Nifty 50 etf

[uneven badger]

ohhh

[dense nacelle]

etf is cheaper

[uneven badger]

let me check

[dense nacelle]

Airtel results

[uneven badger]

damn you read the reports ?

[dense nacelle]

ugh , yeah

[uneven badger]

i see there is a fall

[dense nacelle]

PAT up 110%

revenue up 27%

[uneven badger]

was this released today afternoon

i see the spike after 2 PM

it was falling for the last week tho

[dense nacelle]

3hrs ago

[uneven badger]

wow

should keep an eye on these

[inland grove]

Sus

[midnight jungle]

Is STCG applicable if I'm not filing IT?

I'm getting mixed answers.. you got a firm understanding of it?

[thorny comet]

Question is why are you not filing itr?

[midnight jungle]

I'm 22, and i have to start it.. although my income isn't even a lot

[thorny comet]

It doesn't matter if it's a lot or less. You should file ITR keep the record

Yes STCG will be applicable if it's beyond the taxable income bracket i thinn

It will adjusted anyway don't worry

[midnight jungle]

Yup... I recently started taking up finances and economics seriously.. ab tak I didn't give it a lot of thought

[midnight jungle]

I mean... I guess you didn't understand the question..
Is STCG applicable if your income is below the TAX SLAB ??

[thorny comet]

It will show as zero once you fill the itr

[midnight jungle]

So I don't have to pay any taxes right?

[thorny comet]

Yes

[midnight jungle]

Hm hm

[thorny comet]

But you will record it for future purposes

[midnight jungle]

This CA friend of mine was telling smth like it's going to be applicable anyways.. I didn't really understand how.. or idk if it was miscommunication

[thorny comet]

The rate will be applicable

Read up on how the slabs and STCG/ltcg work

[midnight jungle]

Hm hm

[dense nacelle]

STCG is applicable regardless your tax slab

both STCG and LTCG are the same

[thorny comet]

Isn't stcg added to taxable income?

Even though it is applicable, the tax can be zero right?

[dense nacelle]

its shown as different component, and tqaxed accordingly
its only with business income you get taxed at slab rate

[thorny comet]

Read articles from cleartax or galactic advisors

[thorny comet]

I thought they added all STCG to slab now

[dense nacelle]

Im assuming he's referring to equity

If its like debt mf or gold or real estate its added to your income, then taxed at slab rate

[thorny comet]

The amount beyond exemption limit is taxed when STCG is added to income. In most of the cases it needs to be paid

[dense nacelle]

ouh, okay

[uneven badger]

I made some huge profits

And then my timing went wrong again

I want to kms

[inland grove]

lmfao

show ss

[dense snow]

Stock market

How does it works

[midnight jungle]

its easy
watch zee business in the morning
mr. singhvi gives you a name, and you blindly bet your money
and you're rich in a few months

[dense snow]

No thank you

[midnight jungle]

Ouh
stock market is a good place for people like you

[dense snow]

People like me?

[midnight jungle]

who wouldn't put thier money listening to tips?

[dense snow]

So I am smart?

[midnight jungle]

until now, yes

[dense snow]

I know bump and dump

😩

[midnight jungle]

market is kinda easy
just depends on your expectations from it

[dense snow]

Hehe no capital

[midnight jungle]

borrow

i'll give you all my money

handle it

[dense snow]

Thanks for offering

But no

[midnight jungle]

yaaklaaaaa?

[dense nacelle]

Lenskart. 24X

1.5L crore blocked in IPO

[uneven badger]

I made only 2 applications

🤞

[vernal sorrel]

sell on first day

pine labs ipo better

[dense nacelle]

28X subscription

chu*iya retailers

[uneven badger]

It be like that

[dense nacelle]

Its an overpriced junk

Looks like retailers got too much money in hand

And it shows

[uneven badger]

Yes. I need someone to scold me

I wasted money on options

I feel bad

[inland grove]

gng

does anyone have any strats they wanna try out in algo trading

i need new ideas

[thorny comet]

Did you say it loses money?

[inland grove]

how fast can we lose the most money

[vernal sorrel]

ask chatgpt to create a bot if you want to lose the most money

🚨🚨

[uneven badger]

since when are you trading proto

why did you never tell me you know algo trading

[inland grove]

Since 2022 you didn't know?

[uneven badger]

No

[inland grove]

I've done it all lost over 50k

Manual algo everything

[thorny comet]

That's peanuts

Let's lose more

[inland grove]

gib ideas

[thorny comet]

Let me get my laptop

[inland grove]

https://tenor.com/view/hacker-pepe-meme-gif-23535916

[uneven badger]

I am at around 30k

I will stop now

[uneven badger]

@dense nacelle @heady root groww is in swing today

[dense nacelle]

Groww employees who had equities are millionnaires today 😢

[uneven badger]

I bought it after listing for 150

Sold today

And options was also a success, covered up some of the loss from last week

I thought studds will also have demand but everyone dumped it

[heady root]

I havent bought anything new for a while

Starting after January

[uneven badger]

Ok ethan seems you are done for the year

[heady root]

Holidays, less work, and all that

So gotta keep some money liquid

[uneven badger]

@sinful tiger what multibaggers would you recommend this week

[sinful tiger]

for a long-term holding:

1. Mishtann Foods
2. Sagility Ltd

by long-term i mean at least 3 years

[uneven badger]

[midnight jungle]

Yo

[uneven badger]

Yoooo

[uneven badger]

https://www.instagramkk.com/reel/DVs8647kp1E/

[uneven badger]

[uneven badger]

Well NIFTY has fell by another 500 points today

[thorny comet]

Bruh. I had a put

But it was not growing

One lesson I have learnt. Don't trade on expiry date

[tawny otter]

Ye room to phli baar dekha hai

[uneven badger]

Options

I m never doing that

[rancid pine]

Gold and silver gave me better returns in 6 months than 2.5 years of MF😭

[thorny comet]

Fd is giving better returns than mf