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Union Budget & NSE/BSE/MCX Live Trading session on Saturday 1, February 2020.


Posted on 30-Jan-2020 Comments  0

Dear Valued Client  

Greetings from Tradeplus!!! 

We wish to notify that, the Government has scheduled Union Budget 2020 on Saturday, February 1, 2020 and NSE/BSE/MCX Exchanges have announced Live trading session on Saturday, February 1, 2020. The market timings are,

 

                         Market timings on Saturday February 1, 2020.

Pre-market order entry (equity segment only)

9:00 AM to 9:08 AM

Normal trading (equity and F&O)

9:15 AM to 3:30 PM

MCX -open for the Morning session only

9:00 AM to 5:00 PM

CDS (currency segment)

 Market remain closed

We anticipate that Markets will be volatile on budget day and as such we would like to update you some proactive measures that taken to control the volatility risk on the budget day. 

  1.    MIS product, intraday leverage will be reduced to VAR+ ELM/1.5 times for Equity.
  2.     MIS product intraday leverage on F&O segments will be revised to Span/1.5 times.
  3.      Cover order (CO) and Bracket Order (BO) will not be available for trading during the budget session     and shall reset the margin requirements to normal as soon as the volatility subsides.

Further to state that this risk action will continue for two days that is, on Saturday, February 1, 2020 and on Monday, February 3, 2020. Request you to maintain adequate margin to take care of the increased volatility during the budget trading hours and also on the following days.

Pay-in / Payout of Multiple settlements are scheduled on Tuesday 4, February 2020 for the Trade Date’s of 31, January 2020 and 1, February 2020. Further all the traders are requested to note that the Shares bought on Friday 31-January 2020 cannot be sold on Saturday 1, February 2020. (BTST not allowed).

In case of any query or clarifications, please contact our customer support desk 044-49427576, or Write to us at support@tradeplusonline.com 


Assuring the Best service always.

Warm regards,

Tradeplus Team

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