levels mentioned by Mathew in his recommendations were
meant only for "intraday traders" and not for the investors. He also found that ... Mathew Easow
in all the four scrips were meant for "intraday trades" and not for the
investors. Further, the resistance level and support
Mr. A. Kumar vs Sebi on 23 January, 2023
Author: Tarun Agarwala
Bench: Tarun Agarwala
share had gone up to Rs. 60 on 9-5-1996. Intraday
volatility was also reported high on certain days
market (Sens ex fell by 567.74 points; NIFTY fell by 196.90 points; Intraday Sensex fell by 842 points). Such a steep fall in the stock
acted as professional
traders/jobbers/arbitrage player and had placed orders as intraday transactions,
which can be seen and substantiated from day wise market transaction
would show that the appellant was a jobber and
used to do intraday trading in other shares also.
18. Upon hearing both sides
contrary to
facts on record. On the basis of a chart showing intraday movement of
price in REIAL shares, counsel for appellants submitted that appellant
there was a spurt in the price and the price reached an intraday high
executed by the appellant on December 24, 2018. It was an
3
intraday trade which was executed on the Stock Exchange
platform wherein he bought
market. His main strategy is
mainly that of an arbitrageur and an intraday trader. He
submitted that so far as the self-trades are concerned
