hai cb wat abt alembic pharma for shart teq

Hi DJ, does have good support near 74-75. dont short yet

Hi shivi, sure.

Hi abraham, as of now its best to wait. IT sector is going a bit weak

Hi Ham, Good afternoon.. thanks

Hi Gitanjali, hmm.. I did confirm with my broker.. He says it is legal.

Hi CB,

sir my queries....

Hi SAI, hai ... GA ..

Hi Gitanjali, hmm.. nice music... see next post, i got smthing abt fx ..

Hi SM, hmm .. .

Hi CB, hai

Hi Gitanjali,

1. The existing regulations under Foreign Exchange Management Act (FEMA), 1999, do not permit residents to trade in foreign exchange in domestic or overseas markets, RBI said in a statement.

http://articles.economictimes.indiatimes.com/2011-02-21/news/28618054_1_forex-trade-portals

2. RBI document >

Permission to a person resident in India to enter into a Foreign Exchange Derivative contract :- "A person resident in India may enter into a foreign exchange derivative contract in accordance with provisions contained in Schedule I, to hedge an exposure to risk in respect of a transaction permissible under the Act, or rules or regulations or directions or orders made or issued thereunder."

and Schedule I says "A person resident in India may enter into a forward contract with an "authorised dealer in India" to hedge an exposure..........

http://rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=179

3.. http://www.rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=6336

4. It is clarified that any person resident in India collecting and effectingremitting such payments directlyindirectly outside India would make himself/ herself liable to be proceeded against with for contravention of FEMA, 1999 besides being liable for violation of regulations relating to know your customer (KYC) norms and anti money laundering (AML) standards, it said.

The RBI clarified that “a person resident in India may enter into currency futures or currency options on a stock exchange recognized under section 4 of the Securities Contract (Regulation) Act, 1956, to hedge an exposure to risk or otherwise, subject to such terms and conditions as may be set forth in the directions issued by the RBI from time to time”.

http://www.indianexpress.com/news/rbi-warns-against-illegal-forex-trading-on-internet/774148/0

5. RBI document > Who is an Authorized Dealer? read > http://www.rbi.org.in/scripts/FAQView.aspx?Id=53

6. Liberalised Remittance Scheme (LRS) of USD 200,000 read > http://www.rbi.org.in/scripts/FAQView.aspx?Id=53

Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 200,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.

Under the Scheme, resident individuals can acquire and hold immovable property or shares or debt instruments or any other assets outside India, without prior approval of the Reserve Bank. Individuals can also open, maintain and hold foreign currency accounts with banks outside India for carrying out transactions permitted under the Scheme.

http://www.rbi.org.in/scripts/FAQView.aspx?Id=53

.......................................

not fully sure........ i guess , its possible up to that limit but we may need a authorized dealer.. check those links :)

BGR Energy is HOLD or EXIT. I purchased in Rs.362 now is Rs.345. Pls suggest.

Hi Kb Trader, Good afternoon. thanks for the update

Hi DJ, most welcome

Hi Suhail, yes, its a hold for short term. once markets improve, will do well. hdil is a hold with sl at 80

Can still someone can take entry in Spicejet for target of Rs.35.