F&O Newsletter for Indian Stock Akruti | Warning Bells

1. We all are surprised at the mega speed with which Akruti has doubled in price in a matter of few days which speaks of hollowness of our system. We hope that our readers have been saved from Akruti fall as the same was suggested on 19 Mar night that one should avoid trading in this stock seeing the volatility in the stock.

2. All those who were banking to short Akruti at high levels in Futures and options segment can relax as NSE has removed Akruti from the NSE F&O segment and the same has been placed in the trade-for-trade segment from March 27, 2009 (Friday) at a price band of 5%. . Thus this stock will not be available in rolling segment (series: EQ).

3. Akruti is excluded from equity derivatives segment and thus fresh month contracts will not be introduced for the expiry month June 2009 on the expiration of March 2009 contracts. The point to note here for all the F&O traders is that all existing contracts i.e. contracts with expiry dates April 30, 2009 and May 28, 2009 will expire on March 26, 2009.

4. Thus no futures and options contracts will be available in the underlying security for trading from March 27, 2009 onwards. NSCCL will be providing the fresh methodology for position adjustments and same will be informed separately.