Conviction of Mind

There are two fruits, say banana and apple, in a basket. If you were given an OPTION to take one of the fruit, which one will you take? Notice the word OPTION in the above sentence. You are given a choice between two fruits. Say, now a security is at Rs.5000/-. You think it will go to Rs.5500/- in a month. If you have Rs.20000/- for trading, you can buy only 4 now and sell it after a month. If you opt for OPTIONS, you can buy at a lesser price and gain more. For Rs.20000, you could get an option for buying 80 (approx.) securities (each Rs.5000/-). CASE I: ----------- After a month, if the security price is Rs.5500/-, You would gain => (5500 - 5000) * 80 = 40000. But you have already given 20000 to get the option. So, your profit would be Rs. 20000/- => 100% return in just a month :-) CASE II: ------------ After a month, if the security price is Rs.4000/- you have already spent Rs.20000/- on getting the option. Total Loss: Rs. 20000/- (Already spent on getting option. You will no...

For those who are new to booking ticket in IRCTC, take a look at my previous post . There is some good news for the IRCTC users. You are in no need to search for your ID card while booking your ticket. Also, you can take the print-out of the mail sent to you and travel with that. The only thing is at least one person mentioned in the booked ticket should have his ID card to show it to the TTE/TTR. These are the recent set of instructions for e-Ticket bookers in IRCTC There is a introduction of "Side Middle" in few of the trains and it does improve the revenue for the government. But it puzzles even frequent travellers!! More puzzle comes on the way when you booked a upper birth and got a side middle birth. Sometimes TTEs rectify this and sometimes they don't. Even if the ticket say S5 35/ UB, you will be alloted Side Middle. Can you spot out why? When you booked the ticket the system was programmed to have 8 births / compartment. Now, after the introduction of Side Midd...