Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Impact of Demonetization on Rs 500 and Rs 1000 currency notes

25 sec read

Though Governments demonetization is a welcoming move to remove black money, fake currency, corruption and terror financing from the system, it is a bit early to make any accurate predictions on the full impact of government’s attempt to demonetize Rs.500 and Rs.1,000 currency notes . Demonetization is good for the medium to long term economy, however it will adversely impact India’s economic growth in the short run.

Also the cash conversion limit of Rs4000/day and ATM withdrawal of Rs2000/day would introduce short term cash crunch among the general public and could slow down the consumer spending drastically.Now more people will move towards non-cash options like credit / debit cards and online payments.

demonetization

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Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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