Cancellation of HINDI MEDIUM Paper-3 of PCE and Paper-2 of IPCE

5th May, 2011
IMPORTANT ANNOUNCEMENT

CANCELLATION OF EXAMINATION OF GROUP-I, PAPER-3, LAW, ETHICS AND COMMUNICATION OF PROFESSIONAL COMPETENCE EXAMINATION AND GROUP-I, PAPER - 2, BUSINESS LAWS, ETHICS AND COMMUNICATIONS OF INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION HELD ON 5TH MAY - 2011 IN RESPECT OF CANDIDATES WHO HAD OPTED FOR HINDI MEDIUM

It is hereby informed that due to unavoidable reasons the examination of Group – 1, Paper - 3 – Law, Ethics and Communication of Professional Competence Examination and Group – 1, Paper - 2 - Business Laws, Ethics and Communications of Integrated Professional Competence Examination held on 5th May-2011 in respect of candidates who had opted for Hindi medium stands cancelled. The said examination for the candidates who had opted for Hindi medium will now be held again on 17th May - 2011 (Tuesday) from 2.00 PM to 5.00 PM. The venues of the examinations will remain unchanged. Admit Cards already issued would remain valid.

(G. Somasekhar)
Additional Secretary (Examinations)

ARBITRAGE OPPORTUNITY @ OPTIONS OF IFCI LTD.

Looking to the chart below it can be conclude  that if we do following thing then there is an  arbitrage oppotunity of around Rs. 3,000/- Buy one Call of Rs. 47.50 @ Rs. 3.40 Buy one Put of Rs. 47.50 @ Rs. 0.85 Sell one Call of Rs. 55.00 @ Rs. 0.40 Sell one Put of Rs. 55.00 @ Rs. 4.95 Now If we make the payoff table it will  give initial inflow of Rs. 1.10/- and the  lot size is 4000.then it means an inflow of Rs. 4,400/- however brokerage for execution of this 4 contract will be  60*4=240/- and on automatic cancellation  on Due Date will be 15*4=60/- i.e. total brokerage is 300/- whereas other expenses to the tune of Rs. 100/-.  Now the margin for this transaction will be Rs. 38,400/- (3.40+.85+.4+4.95=9.6*4000) Taking the rate of interest on borrowed  fund at its highest rate of borrowing @ 3% p.m. then maximum interest is around Rs. 1000/-. So What are we waiting for. Leave comment or query, if any.   Home > F&O > Option Chain > Strike Price

IFCI Underlying Value As on 06-MAY-2011 09:45:12 Hours IST : 49.60    Futures contracts    Expiry Dates : 26MAY2011 |  30JUN2011 |  28JUL2011 |  REFRESH PAGE For an underlying :     Calls Puts Quote Open Interest Change in Open Interest LTP Net Change Volume Bid Qty Bid Price Offer Price Offer Qty Strike Price Bid Qty Bid Price Offer Price Offer Qty Volume Net Change LTP Open Interest Change in Open Interest Quote Quote - - - - - - - - -  40.00  28,000 0.05 0.20 12,000 - - - - - Quote Quote - - - - - - - - -  42.50  4,000 0.05 0.20 16,000 - - 0.20 12,000 - Quote Quote - - - - - - - - -  45.00  64,000 0.30 0.40 60,000 14 -0.10 0.35 280,000 4,000 Quote Quote 28,000 - 2.85 0.15 1 20,000 2.70 3.40 12,000  47.50  40,000 0.75 0.85 12,000 7 -0.25 0.80 712,000 - Quote Quote 2,756,000 64,000 1.55 0.25 131 28,000 1.50 1.55 16,000  50.00  4,000 1.70 1.80 4,000 19 -0.30 1.80 1,188,000 -20,000 Quote Quote 3,308,000 - 0.75 0.15 47 132,000 0.70 0.75 68,000  52.50  20,000 2.95 3.80 4,000 1 -0.75 3.10 600,000 - Quote Quote 9,436,000 44,000 0.40 0.10 106 428,000 0.35 0.40 416,000  55.00  4,000 4.95 5.95 20,000 - - 6.25 848,000 - Quote Quote 1,400,000 - 0.20 0.05 23 4,000 0.20 0.25 352,000  57.50  4,000 7.70 11.90 20,000 - - 7.50 20,000 - Quote Quote 4,436,000 16,000 0.15 - 12 1,348,000 0.10 0.15 160,000  60.00  20,000 10.10 12.55 20,000 - - 8.40 328,000 - Quote Quote 156,000 - 0.10 - - 20,000 0.05 0.15 100,000  62.50  - - - - - - - - - Quote Quote 336,000 - 0.05 - - 104,000 0.05 0.10 180,000  65.00  52,000 11.05 20.00 4,000 - - 12.00 36,000 - Quote Quote 100,000 - 0.10 - - 32,000 0.05 0.10 64,000  70.00  4,000 16.00 25.00 4,000 - - 16.10 4,000 - Quote Quote - - 0.15 - - - - 0.10 64,000  75.00  - - - - - - - - - Quote Quote 4,000 - 0.05 - - - - 0.10 64,000  80.00  - - - - - - - - - Quote Top FURTHER I WOULD RECOMMEND A BUY IN THE STOCK BECAUSE ITS TRADING ON ITSBOOK VALUE TODAY AND IT HAS A GOOD P/E RATIO OF AROUND 5.25. I HAVE FURTHER  ANALYSED THAT IN CASE OF INTRA DAY TRADING IF BOUGHT @ CURRENTPRICE OF Rs. 49.60. IT WILL END UP TO Rs. 51.00 TO 52.50 UP TO THE CLOSURE OF THE EXCHANGE i.e. A REVENUE OF AROUNDRs. 1.50 PER SHARE CAN BE DONE WHICH IS AROUND 3% OF THE TRANSACTION.CLICK HERE TO VIEW REAL TIME CHARTTHE ABOVE ALL ARBITRAGE OPPORTUNITY IS BECAUSE OF UNDERVALUATION OF OPTION AT LOWER STRIKE PRICE AND OVER VALUATION OF OPTION AT HIGHER STRIKE PRICE.ANNUAL VOLATALITY OF IFCI IS AROUND 40% AS PER NIFTY.

NOW LUNIYA BROTHERS TO START PREDICTING THE MOST UNPREDICTABLE THING IN THIS WORLD

IT IS SHOCKING NEWS BUT TRUE THAT I, THARENDRA LUNIA ANNOUNCE TO BLOG ONE DAY BEFORE EXAM AND GIVE HINT OF QUESTION TOPICS AND FEW ASPECT OF PATTERN OF NOT OTHER THAN PAPER OF CHARTERED ACCOUNT COURSE.
YOU ALL WOULD THINK WHAT STUPID THOUGHT BUT LET US BEGIN WITH NEXT EXAM AND SEE THIS CHANGE IN THE UPCOMING WORLD.
SO BE THERE WHEN THE FUTURE BECOME NOT LATER THAN PRESENT.
FOR SURPRISE KEEP VISITING US.
REGARDS,
THARENDRA LUNIA

CLICK HERE TO DOWNLOAD APPLICATION FOR THIS BLOG FROM STORE.OVI.COM

SEE HOW LOKPAL BILL CAN CURB THE POLITICIANS

Rohit Jain

JUST HAVE A LOOK... 

See how Lokpal Bill can curb the politicians, 

Existing System

System Proposed by civil society

No politician or senior officer ever goes to jail despite huge evidence because Anti Corruption Branch (ACB) and CBI directly come under the government. Before starting investigation or initiating prosecution in any case, they have to take permission from the same bosses, against whom the case has to be investigated. 

Lokpal at centre and Lokayukta at state level will be independent bodies. ACB and CBI will be merged into these bodies. They will have power to initiate investigations and prosecution against any officer or politician without needing anyone’s permission. Investigation should be completed within 1 year and trial to get over in next 1 year. Within two years, the corrupt should go to jail. 

No corrupt officer is dismissed from the job because Central Vigilance Commission, which is supposed to dismiss corrupt officers, is only an advisory body. Whenever it advises government to dismiss any senior corrupt officer, its advice is never implemented. 

Lokpal and Lokayukta will have complete powers to order dismissal of a corrupt officer. CVC and all departmental vigilance will be merged into Lokpal and state vigilance will be merged into Lokayukta.

No action is taken against corrupt judges because permission is required from the Chief Justice of India to even register an FIR against corrupt judges.

Lokpal & Lokayukta shall have powers to investigate and prosecute any judge without needing anyone’s permission. 

Nowhere to go - People expose corruption but no action is taken on their complaints. 

Lokpal & Lokayukta will have to enquire into and hear every complaint. 

There is so much corruption within CBI and vigilance departments. Their functioning is so secret that it encourages corruption within these agencies. 

All investigations in Lokpal & Lokayukta shall be transparent. After completion of investigation, all case records shall be open to public. Complaint against any staff of Lokpal & Lokayukta shall be enquired and punishment announced within two months. 

Weak and corrupt people are appointed as heads of anti-corruption agencies. 

Politicians will have absolutely no say in selections of Chairperson and members of Lokpal & Lokayukta. Selections will take place through a transparent and public participatory process. 

Citizens face harassment in government offices. Sometimes they are forced to pay bribes. One can only complaint to senior officers. No action is taken on complaints because senior officers also get their cut. 

Lokpal & Lokayukta will get public grievances resolved in time bound manner, impose a penalty of Rs 250 per day of delay to be deducted from the salary of guilty officer and award that amount as compensation to the aggrieved citizen.

Nothing in law to recover ill gotten wealth. A corrupt person can come out of jail and enjoy that money.

Loss caused to the government due to corruption will be recovered from all accused.

Small punishment for corruption- Punishment for corruption is minimum 6 months and maximum 7 years.

Enhanced punishment - The punishment would be minimum 5 years and maximum of life imprisonment.

Spread it like fire; our Nation needs us. Please Contribute.. 

This is not just a forward, it’s the future of our Nation.