Important Update on Upcoming Election Results and System Changes

Important Update on Upcoming Election Results and System Changes

Dear Client,

As part of our commitment to keeping you informed, we want to remind you that the election results will be announced on June 4th, 2024. Such events can lead to significant market volatility, and we encourage you to stay informed and consider the potential impact on your trading strategies.

Key Points to Note:

Market Volatility: Election results can lead to rapid changes in market conditions. Be prepared for potential fluctuations in stock prices and market indices.

Risk Management: Review your portfolio and trading positions. Ensure you have appropriate risk management strategies in place to handle any sudden market movements.

Stay Informed: Keep an eye on market news and updates related to the election results. Staying informed will help you make timely and informed decisions.

Further, to avoid any issues during this period, we have made some changes to our system:

System Changes Due to Market Volatility:

1> Temporary Suspension of Bracket and Cover Orders: In light of the upcoming election results and the anticipated market volatility, we are taking proactive measures to ensure the security and integrity of your trades. To mitigate the risk of double execution, we are temporarily disabling Bracket Orders and Cover Orders for the next week, effective immediately until further notice.

2> Intraday Buy Exposure Reduction: We have reduced the intraday buy exposure from 5x to 3x. This change is implemented to protect your investments during periods of high volatility. We understand that this temporary change might cause some inconvenience, and we appreciate your understanding and cooperation.

Thank you for choosing 5paisa as your trusted trading partner.

Best regards,
5paisa Capital Ltd.