A fundamental reason why turnover looks strong is weekly expirations. When you take weekly expiration and this arbitrage window out of the picture, suddenly the option numbers look very different. Does the whole idea of weekly expiration need to be withdrawn?
Shrikant Chauhan: I think there is no point in rolling out the weekly expiry which is currently going on as this market requires speculation along with the overall normal activity in the market.
So, mostly what we see is that it actually strengthens the broader market and it actually helps the market do well in the long run.
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Yes, definitely, we need to increase, we can say, either a lot of size or we can increase the net worth of a particular trader, I think the criteria will help the market to reduce this kind of speculation.
But otherwise I think this particular market is something that is good for the long term. Yes, in the short term, on the weekly closing day, on that particular weekly closing day, we see a significant spike on the volume side, on that day yes definitely we can take some steps to control that particular activity. , but otherwise this particular system is getting easier.
Define supervision and not intervention.
Shrikant Chauhan: Yes, I also agree with you that yes, we need monitoring, we need to enhance this in terms of increasing margin or increasing lot size or bringing in some more measures, but there is no point in closing this weekly closing schedule.
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