SANDY TECHFANATIC

As Ben Franklin said: In wine there is wisdom, in beer there is freedom, in water there is bacteria.

In a number of carefully controlled trials, scientists have demonstrated that if we drink 1 liter of water each day, at the end of the year we would have absorbed more than 1 kilo of Escherichia coli, (E. Oli) - bacteria found in feces.

In other words, we are consuming 1 kilo of poop.

However, we do NOT run that risk when drinking wine & beer (or tequila, rum, whiskey or other liquor)

Because alcohol has to go through a purification process of boiling, filtering and/or fermenting.

Remember: Water = Poop, Wine = Health

Therefore, it's better to drink wine and talk stupid, than to drink water and be full of shit.

There is no need to thank me for this valuable information: I'm doing it as a public service.

Option is a contract which gives buyer the right , but not the obligation to buy or sell an underlying asset at a specific price on or before a certain date. An option has an Expiry date , when its automatically exercised if it has any intrinsic value left . When you buy an option you have to pay some premium at the time of buying it.

You can buy or sell Options just like you buy or sell Shares. They are traded in real time. An option value depends on some underling, which can be a stock or an index or even interest rate, The scope of this article is restricted to Stock options or index options. An example of index option is Nifty option , so its underlying is Nifty.

You must know that its a kind of Derivative : Derivatives are any instrument whose value are derived from some other thing, there value depends on some other thing , like In case of options in stock market , there value depend on either a stock or an index. Futures are also a kind of Derivatives, The minimum money required for trade in Futures are much more than Options. You can trade in options with as little as 2,000 or 3,000 (depending on the option you are trading in).

Types of option: CALL and PUT

CALL option gives you the right to BUY something anytime before expiry at a predetermined price. The value of the CALL option increases as the Price of the underlying thing increases. The reason for this is because you can still buy it at the fixed price and the difference is your profit.

PUT option gives you the right to SELL something anytime before expiry at a predetermined price. The value of PUT option increases as the price of the underlying Decreases. The reason is that you still have the right to SELL it at fixed price and difference will be your profit.


SOME OPTION TERMS

Exercising an Option : To exercise an Option means to Buy(CALL) or Sell(PUT) the stock on the expiry date if they are European style else Buy or sell anytime on or before Expiry if they are American Style.

Expiry Date : The date on which an option will expire and then it will be exercised automatically if it has any intrinsic value left.

Option Style : Options are of two styles , American style (It can be exercised any time before or on expiry date) and European Style (exercised on expiry only).

STRIKE Price : Strike rate is Stated Price for which the underlying stock can be purchased or sold on expiry date.

SPOT Price : The current price of the underlying at a particular time.

LOT : Options are traded in lot size , you can buy 1 lot , 2 lot or any number of lots , and a lot has a particular number of shares in a single lot , Like Nifty options have lot size of 50.

Premium : Every option has some premium which users have to pay when they purchase an Option . So for a CALL option, the premium increases when its underlying price increase and decreases when its underlying price decreased and just opposite of PUT option.


How does an OPTION look like?

Example : CHAFER 90 CE 1.95 , EXPIRY 26th June

CHAFER is the symbol for a stock called CHAMBAL FERTILIZERS , so its a Stock option. The expiry date of this option is 26th June (current year). 90 CE means its a CALL (C) option ,which is European Style (E , can be exercised on expiry date only) and the Strike rate is 90 , means that you have right to buy 1 lot (3450 shares , it depends on the option how many shares a lot has) of chambal fertilizers shares at Rs 90 on the date of expiry if you want.

What are the Profit and Losses you can make?

The Losses are always limited to the extent of premium you pay (in worst case you do not exercise the option and you let your premium go) , On the other hand the profits are theoretically unlimited , because the option price can keeps increasing when underlying increases or decreases depending on the type of option.


What is time value and option value ?

The Premium you pay for the option has two components
- Time Value
- Intrinsic value

Premium = Time value + Intrinsic Value

Intrinsic value is the true worth of the option (premium) and Time value is the value which is there because of the time left for the expiry , because as the Expiry time comes near the risk of loosing the money is high. So time value keeps decreasing as the expiry comes closer. There fore you will see that even if STRIKE price is closer to SPOT price , the option price will be very high if the expiry is after many days .

For CALL option price moves towards 0 if SPOT is less then STRIKE price and expiry comes closer .
For PUT option price moves towards 0 id SPOT is higher than STRIKE and expiry comes closer.


How does it works
You can either sell it at the profit or still hold it.

Case 2: If market does not fall as per your expectation and still is at 4400 before 10 days of expiry and the current price of premium is suppose 10 , you can sell it at loss , because you don't want it to become 0 . Suppose you didn't sell it and market really closed above 4300 on expiry date , then you loose whole your premium (as SPOT < style="font-weight: bold;">Options used for Hedging
Example 1:

Suppose you buy CHAFER 90 CE EXPIRY 26th June , at a premium of 1.95 (you will have to pay Rs 1.95 * 3450 to buy this option) , and the SPOT is 78 , means currently price of Chambal fertilizer share is Rs. 78 , now the price of option will follow the price of the share price. If price increases to say 85 , then the option may increase to 4.5 (depending on demand and supply) , and at this point you can sell the option and earn a profit of 4.5-1.95 = 2.55 Per share , profit of 130% . Now suppose on 26th June (Expiry day) , the price of Chambal Fertilizer is Rs 100 , then the option will be exercised and who ever has the option at that time will receive the profit of Rs 10 (total 10 * 3450) and the option will not be exercised if the SPOT (current price) of share is below 90 , because then he will make loss if exercised. (Remember , its not your obligation to exercises the option (you exercise if its in profit , or you loose your premium)

When do you buy Options

Example 1 :

Suppose Infosys is at 2000 today (1st June) and you are optimistic that its price will go further go up 10% or 15% (2200 or 2300) . so you buy a CALL option of Infosys which is going to Expire in approx 1 month , say INFOSYS 2200 CE 10.5 26th June is available and lot size is 1000 , so you pay 1000 * 10.5 = Rs 10,500 for this option.

Now option price will move the same way as the price of Infosys share. At the end of the Expiry date if Price of Infosys share will be more than the 2200 then the option will be called "In the Money" as it will be in profit when exercised Else it will be out of money. So suppose Price of Infosys share is 2280 at the end of Expiry then you exercise the option and get 1000 * 80 = Rs 80,000 , you can also sell the option anytime before Expiry date if you want to make profit and convinced that the option price has reached at a good point.

Example 2:

You think that Economy is not doing well and markets as whole will fall because of high inflation news and political issues (or for any reason) , Suppose Nifty is at 4600 and you believe that it will fall to 4300 in 2-3 months , Suppose current date is 1st June then you can buy NIFTY PE 4300 AUG , assume premium is Rs 15.

Case 1: If markets fall badly and reaches 4500 in 1 month and the premium increase to 330 . You can either sell it at the profit or still hold it.

Case 2: If market does not fall as per your expectation and still is at 4400 before 10 days of expiry and the current price of premium is suppose 10 , you can sell it at loss , because you don't want it to become 0 . Suppose you didn't sell it and market really closed above 4300 on expiry date , then you loose whole your premium (as SPOT < STRIKE)

Options used for Hedging

The main use of Options is for hedging , So if you have bought some 1000 shares of company ABC at Rs 20 , and think that price may fall to 15 in one month ,you can ABC PE 20 or 19 , and pay a small premium , Now you are covered for the loss you will make on shares , because you have right to sell the shares at 20 or 19 (depends on the price you bought the options at).


Some other important points

- Options are very risky and very rewarding , it can give returns of even 100% or 200% in day , or can give negative returns of 50% or 80% in a day.

- Options are very volatile , so its a good idea to be patient with options.

- Buying Options near its Expiry dates are highly risky , because if they go in wrong direction they don't have time to come back.

- Its not a good idea to buy a option with strike price very far from the SPOT price unless there is some good reason for it . Options with more gap between between STRIKE and SPOT have less premium , but very risky (and can be very rewarding too).

- Its not a good idea to put a Stop loss for your option very near to the current price , because its highly probable that it will come to Stop loss point and then again bounce back because of there high volatility.

- Its a good idea to set a target to book profits and get out , rather than trying to get maximum out of option . If you don't exit at a good point , the chances are that value will again bounce back to normal price and you will miss a chance. (I sold Chambal Fertilizer CALL 90 option when it price went up to 6.5 though 8-9 looked achievable target next day , but i thought its a great return and didn't miss the chance of booking 250% return in 2 days , Buy price was 1.95).

Rule No.1: Never lose money.
Rule No.2: Never forget rule No.1

If past history was all that was to the game,
the richest people would be librarians !!

Warren Buffet


• Target & Time Frame is something beyond any one out there.. 'cos there are
too many global forces influencing the markets & added to these are our own
domestic concerns..

• Whenever you enter a stock.. you HAVE to mentally decide howw much
downside you can digest (happily !!) & then place stop loss accordingly.. & that
stop loss has to be the traditional support level for that counter..

1. Example.. You decide to buy 1000 shares of RPL @ 120... If u can easily digest
a loss of 10 rupee per share.. the Stop loss is 110 but historic support for RPL
has been @ 105.. so u can stretch that much more & place your stop @ 105...

• Similarly on the upside.. Greed Kills a Trader!! Regularly book partial profits...
once u feel the returns u have got is decent.. exit & switch over to another
promising stock.

• For heavens sake.. learn to PAUSE trading as well !! Intra day / short term
trading is succesful ONLY when there is a direction to the markets. There may
be few stocks here & there which defy gravity or which moves on its own terms,
but Broadly... MOST of the actively traded stocks follow the short term trend of
the markets in general.

1. DONT trade or trade veryy small quantities on days when the market moves
haywire without any direction.
2. DONT trade or trade veryy small quantities When there are major contradictory
market views.
3. DONT trade if u feel your stop loss will be easily hit.
4. DONT buy / short a stock which is trading with very very low volumes.

• NEVER trade a stock which has a High Impact Cost. When a person buys or
sells shares he is pushing the price up or down depending on the relative
volume and thus buying and selling these shares at a higher or lower price. The
difference between the original price and the new price is known as impact cost.
For instance if a person buys 1000 shares of company A at Rs. 100 because of
the demand created by it the price rises to Rs.101..eventually he would have got
the shares at a price between 100 & 101 depending on the liquidity position of
the stock at that particular time. If he gets it @ Rs.100.5 you may consider the
50 paisa as a loss.. 'cos intent was to buy @ 100.
Go through the following link to find out the impact cost of all the listed stocks
http://bseindia.com/mktlive/impact_cost.asp

• As you can see in the list, impact cost varies from 5% in stocks which are hardly
traded to as low as .01% of high volume stocks. THIS IS THE MAIN REASON
YOU HAVE TO COMPULSORILY STAY AWAY FROM PENNY STOCKS &
UNHEARD OF STOCKS !! Unless you get some THRILL in seeing the stock
price go up when you buy & come down when you sell !

• Trading is NOTT gambling nor is it a Game of LUCK !

It is a specialization whick takes into account & deciphers hundreds of
factors which influence stock price & movement. Trading without basic
knowledge of technical analysis, functioning of stock markets, macro
economy etc. is like trying to solve a complex equation without knowing
how to add & subtract numbers ! However if you dont have the time or zeal
to start learning the essentials but still want to trade, opt for expert advice
& subscribe to trading calls of leading technical analysts or just follow the
advice of your online broker blindly (by blindly i mean buy only if you get
at the recommended price & place the STOP LOSS at the
recommended level & strictly exit when asked to ! ) In short leave things
to someone who knows much much better than you do !

The E63 just broke the shackles of the rumor monger to become Nokia's latest messaging device. With a pre-tax, pre-subsidy price of just €199, Nokia hopes to see the Symbian S60 device generate some mass-market appeal. So let's see: WiFi, physical QWERTY, choice of ruby red or aquamarine blue, standard 3.5-mm audio jack, camera with video recording, and the ability to switch from an E-series business mode (corporate email, appointments, intranet) to personal mode (pictures, personal email, and browser shortcuts) with a single key press -- sounds like a winning combination to us. Nokia's even tossing in 1GB of Ovi file storage for free when the E63 begins shipping in the coming weeks -- where, is Nokia's little secret for now. We'll update you with the hard details just as soon as Nokia releases them. Until then, check the blue version after the break.

Update: We were able to hack forth the following detail from the bowels of Nokia's website: 113 x 59 x 13-mm / 126g form factor, 320 x 240 pixel display, quad-band GSM / EDGE with 660 minute talk / 432 hours standby, microSD memory slot with 110MB internal memory, 2 megapixel camera capable of QVGA video @ 15fps, and of course, Bluetooth. It'll also be released in WCDMA 900/2100, 850/1900, and 850/2100 configurations. Sorry, no HSDPA data or infrared like that found on the E71.

She's arrived at last, the 5800 XpressMusic, Nokia's tardy entry into the (modern) touchscreen phone space, and we've gotten some quality face time with the device. Appropriately nicknamed the Tube, the device has a number of Nokia peculiarities that could appeal to certain sensibilities, but probably won't be taking a big bite out of existing touchphone market share -- at least in the S60-phobic United States. Let's dig in, shall we?


Hardware
Resistive touchscreen, huh Nokia? We're intrigued, but certainly wouldn't say impressed. Nokia claims the decision was made to appeal to the world market, particularly asian countries that prefer handwriting recognition to keyboards. Hence the stylus input option. It doesn't ruin everything for those of us that would rather tap with our thumbs, but means pushing that much harder on the screen, and using the tips of your fingers when you type instead of the flat -- knocking off a good 5 wpm or so in the process -- we'll talk more about software keyboards in the next section. There's also a plectrum (guitar pick) included that can hang from a wrist strap if you don't want to smudge the screen and don't feel like sliding out the stylus.

The LCD itself is certainly impressive, at 640 x 360, but colors and brightness aren't complete knockouts. Purists will enjoy the dull screen surface, which certainly cuts down on glare, but casual users often prefer glossy screens for watching movies, something this aspect ratio is very well suited to.

There's a very, very loud speaker in the back. It's not the clearest thing in the world, but if you want to share a song or something with a friend, they'll certainly hear it. There's also a 3.5mm jack up top, right where it should be.

The 3.2 megapixel camera focuses well and takes great pictures in daylight -- indoors is likely a different story, as with most cameraphones, but there's a rather powerful dual LED flash to help out with that.

All of this -- in addition to things like GPS, WiFi and a side-loading microSD slot (there's a free 8GB card included) -- are wrapped up into an elongated, chubby package, hence the Tube moniker. We'd hate to have something of its shape and thickness in a tight jeans front pocket on a regular basis, but we must admit that it's very comfortable to hold and use with a single hand, something that can't be said for all touchscreen phones.

Software

It's S60, so if you were hoping for something else you'll be sorely disappointed. Nokia's done "just enough" to turn the traditional interface into a touchable one with version 5.0, sizing up icons, adding finger-friendly buttons in lieu of traditional menu items and so forth. What Nokia hasn't quite figured out is consistency, requiring double taps in some places, single taps in others. Scrolling through most lists requires dragging a scroll bar, pulling down as the list flies up, but the browser has touch and drag scrolling. Nothing's too frustrating or unreasonable, but this is no seamless experience.

What's new is a touch-sensitive button above the screen that drops down the Media Bar for access to music, movies, photos, the browser and sharing. Not life changing, but quite convenient. There's also a new home screen with a "Fav Four" of sorts across the top and little else. Tap that friend, and you can get a quick look at recent calls, messages and even related RSS feeds. Pretty neat if you're a loner, but there's no way to add more than four friends, or view similar info for your regular contacts that don't make the cut. Luckily, the traditional S60 home screen is also available.

For text input you have four options: handwriting, mini QWERTY keyboard, full screen QWERTY and alphanumeric keypad. The first two are stylus-based (that mini QWERTY is truly mini), while the other two are only available in landscape and portrait modes, respectively. Like we said in the hardware end of things, the resistive touch means using the tips of your fingers instead of the pads, which we find a tad frustrating, but the keyboard in landscape mode is truly gargantuan, and after an hour or two of learning we're guessing you could rattle off some pretty lengthly emails or Great American Novels. Luckily, if you're a T9 fan there's nothing stopping you from keeping the phone in portrait mode and rattling off text messages with the touchable alphanumeric keypad, and the phone is frankly too narrow to work well with QWERTY in portrait. The handwriting recognition looks good enough, but we revert to a 2nd grade writing level whenever we pick up a pen, so that stylus is staying firmly in its holster.

We're not convinced the touchable browser is a step up over existing WebKit implementations on Nokia's other handsets, since the tap to zoom function is slow and unreliable -- and no, you can't select text from web pages to copy and paste. Panning around the page is also jittery, perhaps a tad worse than the G1 -- nobody has managed to pull off iPhone smooth yet in this department. We were using a slightly early software build, so some of these problems might be fixed in the final version, but it wasn't encouraging. Still, there's no denying the advantages of viewing the web on a 640 x 360 LCD.

We tested out an accelerometer-based driving game, but it was overly sensitive and no-fun-at-all -- though we're guessing that wouldn't be a hard fix. The graphics looked pretty good, though. Movies are potentially this phone's killer app, but you'll have to do the conversion just right to get smooth playback at full resolution. We did see some video shot with the phone (that Sea World shot in the gallery) and it looked pretty good.

Conclusion

If you haven't picked it up by now, Nokia isn't going after the power users here. The phone will be marketed under Nokia's "Live" banner, and really concentrates on the most basic communications -- calling and texting -- with a whole bunch of multimedia piled on top. Nokia's Comes With Music helps on that end of things, and the screen certainly helps with video, but this is no iPhone when it comes to to solid media integration or full-featured media player apps. On the communication side, we're sad to see Nokia almost burying some of its S60 advantages. Everything's still there, but Nokia didn't put the gruntwork in necessary to really take advantage a next-gen interface as it relates to keeping track of emails, social networking, IM and the correspondences of more than four people. All that said, Nokia isn't claiming that the 5800 is the be all end all, is releasing it with a very aggressive price point (€279 unlocked), and promises more where this came from.

The phone ships this fall in Europe, and will show up next year in the States without a carrier, though hopefully it picks up one soon -- a $50 subsidised price tag could turn this thing into a hit if the US carriers don't sit on it too long.

Sony Ericsson has, along with a couple of other models, released the XPERIA X1. This multimedia/communication combo phone has an "arc slider," which means you can slide the screen sideways to bring out the full-QWERTY keyboard. The rumor mills say Sony Ericsson has outsourced the manufacture of the model to HTC.

The front features a 3-inch WVGA (800 x 480) touchscreen display. In a first for Sony Ericsson, this model will run the Windows Mobile operating system with Outlook and Office Mobile. The user interface can be operated either by the touch interface, an optical joystick, a 4-way navi-pad, or the QWERTY keyboard.

Connectivity options come in the form of Wi-Fi, 3.5G HSDPA/HSUPA, and aGPS. A 3.2 megapixel auto-focus camera sits at the back. The 400 MB of internal memory can be expanded via microSD cards. The XPERIA X1 weighs around 145 gm and is 16.7 mm thick.

Health Tip of the Day - Who knew?!!!!

1. To remove a bandage painlessly, saturate the bandage with vodka. The stuff dissolves adhesive.

2. To clean the caulking around bathtubs and showers, fill a trigger-spray bottle with vodka, spray the caulking, let set five minutes and wash clean. The alcohol in the vodka kills mould and mildew.

3. To clean your eyeglasses,simply wipe the lenses with a soft, clean cloth dampened with vodka. The alcohol in the vodka cleans the glass and kills germs.

4. Prolong the life of razors by filling a cup with vodka and letting your safety razor blade soak in the alcohol after shaving. The vodka disinfects the blade and prevents rusting.

5. Spray vodka on wine stains, scrub with a brush, and then blot dry.

6. Using a cotton ball, apply vodka to your face as an astringent to cleanse the skin and tighten pores.

7. Add a jigger of vodka to a 12-ounce bottle of shampoo. The alcohol cleanses the scalp, removes toxins from hair, and stimulates the growth of healthy hair.

8. Fill a sixteen-ounce trigger-spray bottle with vodka and spray bees or wasps to kill them.

9 Pour one-half cup vodka and one-half cup water into a Ziploc freezer bag and freeze for a slushy, refreshing ice pack for aches, pain or black eyes.

10. Fill a clean, used mayonnaise jar with freshly packed lavender flowers, fill the jar with vodka, seal the lid tightly and set in the sun for three days. Strain liquid through a coffee filter, then apply the tincture to aches and pains.

11. To relieve a fever, use a washcloth to rub vodka on your chest and back as a liniment.

12. To cure foot odour, wash your feet with vodka.

13 Vodka will disinfect and alleviate a jellyfish sting.

14. Pour vodka over an area affected with poison ivy to remove the urushiol oil from your skin.

15. Swish a shot of vodka over an aching tooth. Allow your gums to absorb some of the alcohol to numb the pain.

LETTER TO PRIME MINISTER

Dear Mr. Prime minister

I am a typical mouse from Mumbai. In the local train compartment which has
capacity of 100 persons, I travel with 500 more mouse. Mouse at least squeak
but we don't even do that.

Today I heard your speech. In which you said 'NO BODY WOULD BE SPARED'. I
would like to remind you that fourteen years has passed since serial bomb
blast in Mumbai took place. Dawood was the main conspirator. Till today he
is not caught. All our bolywood actors, our builders, our Gutka king meets
him but your Government can not catch him. Reason is simple; all your
ministers are hand in glove with him. If any attempt is made to catch him
everybody will be exposed. Your statement 'NOBODY WOULD BE SPARED' is
nothing but a cruel joke on this unfortunate people of India.

Enough is enough. As such after seeing terrorist attack carried out by about
a dozen young boys I realize that if same thing continues days are not away
when terrorist will attack by air, destroy our nuclear reactor and there
will be one more Hiroshima.

We the people are left with only one mantra. Womb to Bomb to Tomb. You
promised Mumbaikar Shanghai what you have given us is Jalianwala Baug.

Today only your home minister resigned. What took you so long to kick out
this joker? Only reason was that he was loyal to Gandhi family. Loyalty to
Gandhi family is more important than blood of innocent people, isn't it?

I am born and brought up in Mumbai for last Thirty eight years. Believe me
corruption in Maharashtra is worse than that in Bihar. Look at all the
politician, Sharad Pawar, Chagan Bhujbal, Narayan Rane, Bal Thackray ,
Gopinath Munde, Raj Thackray, Vilasrao Deshmukh all are rolling in
money. Vilasrao
Deshmukh is one of the worst Chief minister I have seen. His only business
is to increase the FSI every other day, make money and send it to Delhi so
Congress can fight next election. Now the clown has found new way and will
increase FSI for fisherman so they can build concrete house right on sea
shore. Next time terrorist can comfortably live in those house , enjoy the
beauty of sea and then attack the Mumbai at their will.

Recently I had to purchase house in Mumbai. I met about two dozen builders.
Everybody wanted about 30% in black. A common person like me knows this and
with all your intelligent agency & CBI you and your finance minister are not
aware of it. Where all the black money goes? To the underworld isn't it? Our
politicians take help of these goondas to vacate people by force. I myself
was victim of it. If you have time please come to me, I will tell you
everything.

If this has been land of fools, idiots then I would not have ever cared to
write you this letter. Just see the tragedy, on one side we are reaching
moon, people are so intelligent and on other side you politician has
converted nectar into deadly poison. I am everything Hindu, Muslim,
Christian, Schedule caste, OBC, Muslim OBC, Christian Schedule caste, Creamy
Schedule caste only what I am not is INDIAN. You politician have raped every
part of mother India by your policy of divide and rule.

Take example of former president Abdul Kalam. Such a intelligent person,
such a fine human being. You politician didn't even spare him. Your party
along with opposition joined the hands, because politician feels they are
supreme and there is no place for good person.

Dear Mr Prime minister you are one of the most intelligent person, most
learned person. Just wake up, be a real SARDAR. First and foremost expose
all selfish politician. Ask Swiss bank to give name of all Indian account
holder. Give reins of CBI to independent agency. Let them find wolf among
us. There will be political upheaval but that will better than dance of
death which we are witnessing every day. Just give us ambient where we can
work honestly and without fear. Let there be rule of law. Everything else
will be taken care of.

Choice is yours Mr. Prime Minister. Do you want to be lead by one person or
you want to lead the nation of 100 Crore people?

BSE Certification on Securities Markets (BCSM)







EXAMINATION PLAN & CERTIFICATION

The passing of this examination entitles the candidate to receive BSE Certification on Securities Markets (BCSM).

BTI conducts a test of 100 marks consisting of 60 questions. The questions are of objective type having multiple choice. A quarter mark is deducted for each wrong answer.

BCSM is awarded to only those candidates who obtain a minimum of 50% marks.

There is no minimum eligibility criterion for taking the test.



Persons interested in taking the test in Mumbai may approach the BTI with 4 passport size colour photographs and a DD of Rs. 843.00 drawn in favour of "Bombay Stock Exchange, Limited" payable at Mumbai.
Persons interested in taking the test at any of the following centres other than Mumbai may approach the respective centres with 4 passport size colour photographs and a DD of Rs.843.00 drawn in favour of "Bombay Stock Exchange, Ltd." and payable at the respective centre.


Click here to view the list of Test Centres

OBJECTIVES OF THE TEST
To ensure that the participants in stock market have adequate knowledge of the Stock Exchange operations.

TEST SYLLABUS

Secondary Market, Trading Clearing and Settlement, Rolling Settlement, BOLT, Mutual Funds, Tax Provisions, Dematerialisation of Shares, Surveillance, Sensex and Other Indices, Futures and Options, Inspection of Brokers' Books, Ethics and Code of Conduct of Brokers/Sub-brokers, Primary Market, Book Building & IPOs, Listing, Investors' Grievances Redressal System available with BSE, SEBI & CLB, Debt Market and Internet Trading.

TARGET AUDIENCE

Stock Brokers, Sub-brokers, Mutual Funds, DPs and Investors.

DURATION & TIME

90 minutes


FEES

FOR APPEARING AT MUMBAI CENTER

Rs. 843.00 payable through DD in favour of "Bombay Stock Exchange, Limited" payable at Mumbai per participant per attempt inclusive of test workbook, Service Tax and Education Cess.