FAQs
What is the primary purpose of the Technical Analyst - Research - Derivative role?
The primary purpose of this role is to generate, recommend, and provide actionable research on Commodity and Currency markets through trading and investment ideas while ensuring an optimum Risk-Reward Ratio.
What are the key responsibilities of a Technical Analyst in this position?
The key responsibilities include generating trading/investment ideas, maintaining communication with Branches and Franchisees, studying global market conditions, preparing reports, and providing customer support.
What markets does Aditya Birla Money Ltd. primarily deal with?
Aditya Birla Money Ltd. primarily deals in Equity, Commodity, and Currency markets.
What qualifications or skills are necessary for this role?
Candidates should have sound knowledge of technical concepts, proficiency in Technical Analysis, Derivative Analysis, and a strong understanding of market fundamentals.
How does the role support client profitability?
The role involves generating trading ideas with the objective of client profitability, ensuring a strike rate above 60% on trading calls, and providing proper Entry and Exit points in the trading ideas.
What challenges might a Technical Analyst face in this position?
Challenges include stiff competition from other broking houses, high market volatility due to global and domestic uncertainties, and the need to keep end-users updated on market developments.
How often are market updates and reports prepared?
Market updates and reports are prepared daily, including early morning reports to be released before the market starts and mid-day session reports.
Is there an expectation for customer support in this role?
Yes, the role includes conducting daily con-calls with internal teams and clients, staying in touch through various online forums, and providing market updates and query resolutions.
What types of commodities will the Technical Analyst focus on?
The Technical Analyst will focus on liquid commodities such as Crude oil, Gold, Silver, and Copper.
Are there any compliance responsibilities associated with this role?
Yes, the role includes exchange compliance responsibilities, specifically submitting the IBT Trade/Volume confirmation in NSE and BSE.