Always wanted to dabble on stock markets but were too skeptical to loose your money? Nivesh is the perfect opportunity for you to hone your skills as a trader without the fear of any monetary losses. This mock trading event will explore your trading skills and test your acumen to generate maximum return on your investment on a real-time platform.
Number of Participants per team: 1 or 2
Deadline for registration: 8th August 2013(11:59 pm)
Rules and Regulations:
The mock trading will run for a total of 4 trading days starting from 12th August 2013 to 16th August 2013. (Excluding 15thAugust)
For each trading day, each team needs to select 5 stocks from the BSE200 Index. A maximum of 2 stocks can be chosen from the same industry. BSE prices of stocks will be considered for evaluation purposes.
A total corpus of Rs.1, 00,000 will be available with each team for investment each day.
Maximum Rs. 30000 and minimum Rs.10000 needs to be invested in any stock.
The stocks selected, target, stop loss, investment amount and rationale behind stock selection must be submitted by 11 PM everyday for the next day (Ex.: For Day 1 i.e. for 12th August, the stock details should be submitted on 11th August by 11 pm) This is a prerequisite for continuing participation for the next day. The submission link will be provided on the day of the event.
If any team does not send its entry every day & within the stipulated time, the team will be disqualified from the event.
Closing price of previous trading day will be considered as base price for evaluation of next day's performance.
Once the target / stop loss has been reached for a stock, trading in that stock will be suspended for the rest of the day and money locked in that stock will remain free for that day.
In case the target / stop loss have not been reached, the final closing price of the stock will be taken into consideration.
Short selling in the stocks is allowed.
Trading is allowed only in the cash segment.
The final net gain / loss will be calculated by summing up gains / losses of all the 4 days.
Any team violating any of the rules of the event or indulging in any activity that disrupts the decorum to be maintained in the event will be disqualified.
Decision and judgment of the Samriddhi Team would be final and binding on the participants.
Final winners would be declared by giving 80% weightage to the net gains and 20% weightage to the rationale behind stock selection.