Nivesh-Goa Institute of Management, Goa

Event Details 

Nivesh
Title:
Nivesh
When:
27.07.2013 - 18.08.2013
Location:
Goa Institute of Management, Goa
Category:
Business Events/Conferences

Organizer Details

Institute/Organizer:
Goa Institute of Management, Goa
Club/Society:
Samriddhi
Contact Name:
Gaurav Maybhate
Contact Phone:
9922278220
Contact Email:
gaurav.maybhate12@gim.ac

Prizes

Prize Details:
Prize upto Rs 6000 to be won

Description

Description:

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.

Prize:

Prizes upto 10000 to be won

Registration Link:

https://docs.google.com/forms/d/1BIRkD995nUe6OtqAJCaUck2fPcr3eeR8jDA k0KSFQiY/viewform

For any queries, contact us at:

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