#WATCH | Mumbai, Maharashtra: On where he sees the risk-reward ratio for Indian equities over the next 3–6 months, Shrikant Chouhan, Executive Vice President and Head of Equity Research at Kotak Securities, says, "The market is currently in a range, but at the same time, we are seeing a gradual decline. It has broken an important level of 24,000 and is now trading below 23,500, which is a little concerning for those following the trend... We are very close to important support levels... Currently, our markets are trading at 16.5 times FY28 earnings. This means we are at levels where we should look at taking some investment bets in the market with a medium- to long-term view. The overall strategy should be to hold those positions for at least the next 6 to 12 months."
On how significantly diverging policy paths—potential Fed easing versus Bank of Japan tightening—will impact global liquidity and Indian market sentiment, he says, "The centre point of this overall geopolitical tension is crude prices. They are going up... This morning, crude was around $102 per barrel, which is a relief... Borrowing costs are increasing, input costs are increasing, and that is why, if crude prices remain at these levels, many countries will face problems... It will certainly minimise or limit inflows into emerging markets, and India will definitely be affected. We expect inflows to remain curtailed for at least the next 2 to 3 months unless something really positive happens..."
#WATCH | Mumbai, Maharashtra: On where he sees the risk-reward ratio for Indian equities over the next 3–6 months, Shrikant Chouhan, Executive Vice President and Head of Equity Research at Kotak Securities, says, "The market is currently in a range, but at the same time, we are seeing a gradual decline. It has broken an important level of 24,000 and is now trading below 23,500, which is a little concerning for those following the trend... We are very close to important support levels... Currently, our markets are trading at 16.5 times FY28 earnings. This means we are at levels where we should look at taking some investment bets in the market with a medium- to long-term view. The overall strategy should be to hold those positions for at least the next 6 to 12 months."
On how significantly diverging policy paths—potential Fed easing versus Bank of Japan tightening—will impact global liquidity and Indian market sentiment, he says, "The centre point of this overall geopolitical tension is crude prices. They are going up... This morning, crude was around $102 per barrel, which is a relief... Borrowing costs are increasing, input costs are increasing, and that is why, if crude prices remain at these levels, many countries will face problems... It will certainly minimise or limit inflows into emerging markets, and India will definitely be affected. We expect inflows to remain curtailed for at least the next 2 to 3 months unless something really positive happens..."
The real part of consultation paper that matters to F&O traders the most -
•Option 1 (Blended VWAP):
Settlement price for index/stock derivatives = weighted by actual trades in last 30 min of CTS + 10 min of CAS. Proposed as the long-term approach.
•Option 2 (CTS VWAP):
Revert to using only last 30min CTS trades (pre-CAS method) as an interim measure, transitioning to Option 1 after at least 1 year once CAS liquidity matures.
Option 1 or Option 2?
अगर आप APIs के जरिए ट्रेड करते हैं, तो ये ज़रूर देखना चाहिए 👀
एक थर्ड-पार्टी साईट ने रियल ब्रोकर ऑर्डर स्पीड्स को ट्रैक ��िया और Kotak Neo *TOP* पर है — सिर्फ टिपिकल स्पीड में ही नहीं, बल्कि स्लो डेज पर भी।
Kotak Neo के साथ आपका ट्रेडंग अनुभव सच में Tez है 🚀
स्क्रीनशॉट
India GDP growth Q1 (April-June) at 7.8%. This was the peak period of Iran conflict. India has shown resilience vis a vis concerns in March and April.
India has also bought insurance with ~ $100 bn+ Foreign Currency deposits for 3 to 5 year maturity.
However, Middle East is still unresolved, AI game is full on, and US bond yields are playing truant.
For us, it is time to feel better, but have work to do, and let us not lower guard.