The Nifty Futures.
9.1 - Noções básicas do Index Futures.
Dentro do mundo dos derivados indianos, o Nifty Futures tem um lugar muito especial. O 'Nifty Futures' é o instrumento de futuros mais amplamente negociado, tornando-o o contrato mais líquido nos mercados de derivados indianos. Na verdade, você pode se surpreender ao saber que o Nifty Futures é facilmente um dos 10 principais contratos de futuros de índices negociados no mundo. Uma vez que você se sente confortável com o comércio de futuros, eu imaginaria, como muitos de nós, você também estaria negociando ativamente o Nifty Futures. Por esse motivo, faria sentido compreender cuidadosamente os futuros Nifty. No entanto, antes de procedermos ainda mais, eu pediria que você atualizasse sua memória no Índice, discutimos o mesmo aqui.
Eu suponho que você se sinta confortável com a compreensão básica do índice; Por isso, vou discutir o Futuro do Índice ou o Futuro Nítido.
Como sabemos, o instrumento de futuros é um contrato de derivativos que deriva seu valor de um ativo subjacente. No contexto dos futuros Nifty, o subjacente é o próprio Índice. Daí o Nifty Futures deriva seu valor do Nifty Index. Isso significa que se o valor do índice Nifty for aumentado, o valor dos futuros Nifty também aumenta. Da mesma forma, se o valor do Índice Nifty diminui, o Futuro do Índice também seria o mesmo.
Aqui está o instantâneo do Nifty Futures Contract -
Como qualquer outro contrato de futuros, a Nifty Futures também está disponível em três variantes - mês atual, mês médio e mês distante. Eu destaquei o mesmo em vermelho para sua referência. Mais em azul, destaquei o preço Nifty Futures, que no momento de tirar esse instantâneo era Rs.8631 por unidade de Nifty. O valor subjacente correspondente (valor do índice no ponto) foi Rs. 8602.29. Claro que há uma diferença entre o preço à vista e o preço do futuro, que é devido à fórmula de preços futuros. Compreendemos os conceitos relacionados ao preço futuro no próximo capítulo.
Além disso, se você notar o tamanho do lote aqui é 25 (isso foi reduzido para 25 de 50). Sabemos que o valor do contrato é -
CV = Futuros Preço * Tamanho do Lote.
Aqui estão os requisitos de margem para negociar Nifty Futures; Eu usei Zerodha Margin Calculator para obter os valores da margem -
Esses detalhes devem dar-lhe uma visão geral básica do Nifty Futures. Uma das principais características do Nifty Futures que o torna tão popular é a liquidez. Vamos agora entender o que é liquidez e como se poderia medir.
9.2 - Custo do Impacto.
Muitas vezes, você ouviria o termo "liquidez" ao negociar os mercados. A liquidez é a facilidade com que se pode comprar ou vender uma determinada ação ou futuros. Se um estoque é altamente líquido (leia-o como muito fácil de comprar / vender), então atrai comerciantes experientes para trocar grandes quantidades à vontade, sem afetar realmente os preços das ações. Um estoque / contrato altamente líquido invariavelmente também atrai muitos interesses institucionais. Além de estoque / futuros é altamente líquido, ele geralmente se traduz em menor volatilidade. Mais importante ainda, se o estoque é líquido, então colocar uma "ordem de mercado" é sem complicações.
Tomemos o exemplo da MRF Limited para entender a liquidez. Assuma que um investidor institucional estrangeiro pretende comprar 5000 ações da MRF Limited. Como você pode saber, a MRF Limited é provavelmente o estoque mais caro (em termos de preço e não valorização) nos mercados indianos. O estoque da MRF está atualmente sendo negociado em Rs.38.351 / - por ação. Portanto, comprar 5000 ações a esse preço se traduziria em uma transação no valor de cerca de 20 Crs (38351 * 5000). Note que uma transação de 20 Crs não é realmente grande para uma instituição estrangeira típica. De qualquer forma, dado que eles querem comprar 5000 ações, olhemos para a liquidez da MRF no mercado. Aqui está o instantâneo do livro de pedidos / profundidade de mercado da MRF Limited, tirado do site da NSE India -
Se você deseja comprar uma grande quantidade de ações, então você precisa analisar quantas ações estão sendo oferecidas no mercado. Como você pode ver no snapshot acima, há apenas cerca de 4313 ações no mercado (destacadas pela seta azul). Claramente, o número de ações no mercado é menor do que o necessário, portanto, o contador MRF é considerado superficial ou ilíquido. A liquidez também pode ser medida observando o spread bid-ask e estimando o custo do impacto. Saber sobre o custo do impacto é particularmente útil enquanto faz uma ordem de mercado.
O custo do impacto é a perda associada ao executar um comércio de "ida e volta". A perda é expressa como uma porcentagem da média do preço da oferta e do pedido. Round-trip é um comércio arbitrário instantâneo que você realiza comprando no primeiro melhor preço de venda disponível e vendendo no primeiro melhor preço de compra disponível. Vamos executar isso no MRF (consulte o instantâneo do livro de pedidos acima) & # 8211;
Preço de compra - Rs.38,364.95.
Preço de venda - Rs.38,266.25.
Então, se eu fizesse uma viagem de ida e volta, claramente perderia dinheiro com isso. Na verdade, todo o round & # 8211; Os negócios de viagem resultam em uma perda. A perda nesse caso seria -
Além disso, a média de oferta e solicitação é calculada da seguinte forma:
= (38,364,95 + 38,266,25) / 2.
Daí o custo do impacto seria -
= Perda de ida e volta / Média do spread de oferta.
Então, como você usa essa informação? Bem, simplesmente significa que se você colocasse um pedido de mercado para comprar ou vender o estoque, é provável que você perca 0,3% devido ao custo do impacto. Isso nem sempre pode ser verdade, mas você precisa estar ciente de que, com base no número de compartilhamentos que deseja realizar, você provavelmente perderá cerca de 0,3% devido ao custo de impacto ao fazer uma ordem de mercado. Na próxima vez que você ligar para o seu corretor para comprar ou vender um estoque no mercado, o preço que você vê na tela e o preço a que o comércio é executado podem variar, lembre-se que isso é atribuível ao custo do impacto!
Agora, uma perda de 0,3% devido ao custo do impacto é extremamente alta. Para dar-lhe uma perspectiva, percorra o mesmo exercício sobre os futuros Nifty -
Preço ao qual você pode comprar = Rs. 8,769.9.
Preço ao qual você pode vender = Rs. 8,768.8.
Perda de ida e volta = Rs. 1,1 (8769,9 - 8768,8)
Média de oferta de oferta = (8769,9 + 8768,8) / 2.
Impacto Custo = 1,1 / 8769,35.
Isto significa que, se você comprar ou vender futuros seguros no preço do mercado, é provável que você perca apenas cerca de 0,0125%. Contraste o custo do impacto da Nifty de 0,0125% com o custo de impacto da MRF de 0,3% e você saberá a importância da liquidez. As poucas mensagens-chave que eu quero tirar desta discussão são estas -
O custo do impacto dá uma sensação de liquidez Quanto maior a liquidez em um estoque, menor é o custo de impacto. O spread entre o preço de compra e venda também é um indicador de liquidez. Maior o spread, maior o custo de impacto. Abaixe o spread, menor. é o custo de impacto Maior liquidez, menor a volatilidade Se o estoque não é líquido, colocar ordens de mercado não é uma ótima idéia.
Considerando que o Nifty Futures é o contrato mais líquido na Índia, é seguro estabelecer 0,0125% como referência para o custo do impacto. Passando por isso, os 0,3% da MRF são muito maiores do que o custo de impacto da Nifty, portanto é correto dizer que o MRF é altamente ilíquido.
Você também pode estar interessado em saber que além de Nifty Futures existem alguns outros contratos futuros que são bastante líquidos nos mercados indianos, como o Bank Nifty Futures, Reliance Industries, Tata Motors, SBIN, Infosys, TCS, ITC, DLF, Cipla etc. . Talvez você possa calcular o custo de impacto para alguns desses contratos de futuros para ter uma sensação de sua liquidez.
9.3 - Por que negociar Nifty faz sentido.
Como você sabe, o Nifty Index é uma cesta de 50 ações. Esses estoques são selecionados para representar uma ampla seção dos setores econômicos da Índia. Isso faz de Nifty um bom representante da atividade econômica mais ampla na Índia. Isso naturalmente significa que se a atividade econômica geral está subindo ou, pelo menos, espera-se subir, o valor de Nifty também aumenta e vice-versa. Isso também faz da negociação Nifty Futures uma escolha muito melhor em relação aos futuros de ações individuais. Há muitas razões para isso, aqui estão alguns -
É diversificado - Às vezes, fazer uma chamada direcional em uma única ação pode ser uma tarefa difícil, isso é principalmente do risco perceptivo. Por exemplo, deixe-nos apenas dizer que eu decidi comprar Infosys Limited com a esperança de que os resultados trimestrais sejam bons. No caso de os resultados não impressionarem os mercados, então, obviamente, o estoque levaria uma pancada e também o meu P & amp; L. O Futuro Nifty, por outro lado, possui uma carteira diversificada de 50 ações. Como é um portfólio de ações, o movimento do Índice realmente não depende de um único estoque. Naturalmente, ocasionalmente, alguns estoques (peso pesado do índice) podem influenciar Nifty até certo ponto, mas não em uma base diária. Em outras palavras, quando você troca os futuros Nifty, você elimina completamente o "risco não sistemático" e trata apenas de "risco sistemático". Eu sei que estes são novos jargões sendo apresentados aqui, vamos discutir esses termos em mais detalhes em uma fase posterior, quando falamos de hedging. Difícil de manipular - O movimento no Nifty é uma resposta ao movimento coletivo nas 50 maiores empresas da Índia (por capitalização de mercado). Portanto, praticamente não existe nenhum escopo para manipular o índice Nifty. No entanto, o mesmo não pode ser dito sobre ações individuais (lembre-se de Satyam, DHCL, Bhushan Steel, etc.) Altamente Líquido (preenchimentos fáceis, menos deslizamento) - Nós discutimos liquidez no início do capítulo. Uma vez que o Nifty é tão altamente líquido, você pode literalmente transacionar qualquer quantidade de Nifty sem se preocupar em perder dinheiro com o custo do impacto. Além disso, há tanta liquidez que você pode literalmente negociar qualquer número de contratos que você deseja. Menos margens - Futuros Nifty exigem margens muito menores em relação aos futuros de ações individuais. Para lhe dar uma perspectiva, o requisito de margem da Nifty varia entre 12-15%, no entanto, as margens de estoque individuais podem chegar a 45-60%. Chamada econômica mais ampla - Negociar os futuros Nifty requer um para assumir uma chamada econômica ampla em vez de a empresa especificar chamadas direcionais. Da minha experiência, fazer o primeiro é muito mais fácil do que o último. Aplicação de análise técnica - Análise técnica funciona melhor em instrumentos líquidos. Os estoques de líquidos são difíceis de manipular, portanto, eles geralmente se movem com base na dinâmica da oferta de demanda do mercado, o que, obviamente, é o que um TA depende principalmente de futuros menos voláteis - Nifty são menos voláteis em comparação com futuros de ações individuais. Para dar-lhe perspectiva, os futuros Nifty têm uma volatilidade anualizada de cerca de 16-17%, onde, como ações individuais, a Infosys tem volatilidade anualizada de mais de 30%.
Key takeaways deste capítulo.
Nifty Futures deriva seu valor com base no Nifty Index in spot, que é o seu subjacente. Atualmente, o tamanho do lote de futuros Nifty é 25 O Futuro Nifty é o contrato de futuros mais líquido na Índia Assim como outros contratos futuros, os contratos Nifty Futures também estão disponíveis com Três opções de expiração diferentes (mês atual, mês médio e mês distante) Um comércio de ida e volta é um comércio instantâneo rápido e arbitrário que envolve a compra com o melhor preço de venda disponível e venda com o melhor preço de compra disponível. Um comércio de ida e volta sempre resulta em um Perda O custo do impacto mede a perda de uma ida e volta como% da média do lance e solicite Maior custo de impacto, menor liquidez e vice-versa. Quando você faz uma ordem de mercado para transacionar, você pode perder algum dinheiro devido ao custo de impacto, a Nifty tem um impacto custa cerca de 0,0125%, o que o torna o contrato mais líquido para o comércio.
274 comentários.
Eu leio no jornal de hoje que o levantamento do índice de ontem foi baseado em cobertura curta. Tanto quanto eu sei, você não pode transportar shorts no mercado de caixa durante a noite. Isso significou todas aquelas pessoas que são curtas no mercado em F & amp; O esquivando suas posições FnO é apenas um instrumento que deriva seu preço de EQ, estou me perguntando como o FnO dirige o mercado e não o subjacente (EQ)?
É verdade que o mercado spot conduz o mercado de derivativos & # 8230; Mas, ao longo de períodos breves, pode acontecer também!
Por favor, explique o motivo e o método de como F & amp; O conduz o índice subjacente.
Um instrumento derivado é estruturado com base em um subjacente, portanto, ele se move de acordo com o subjacente. Expliquei o básico aqui & # 8211; zerodha / varsity / chapter / background-forwards-market /
Desculpe por incomodá-lo novamente neste conceito. Estou tendo dificuldade em entender o conceito. Suponha que haja uma curta acumulada em futuros astutos. Os participantes do mercado que são curtos em futuros astutos percebem que o outamor de baixa não é mais visível. Então, posições curtas em futuros convenientes. O que move os futuros astutos em direção ascendente. Aqui toda a atividade está ocorrendo em futuros astutos. Assim, como isso leva a se reunir no índice de identidade subjacente baseado no mercado de caixa. É sentimento? Guia Pls.
Sim, em algum momento e por uma curta duração o mercado de derivativos pode influenciar o local. No entanto, não pode ser sustentado. Tais situações são chamadas de cobertura curta ou o desenrolamento longo.
Como você inferu no EOD, observando os dados futuros, se (a) há uma construção curta ou (b) cobertura curta ou (c) acumulação longa ou (d) desenrolamento longo? Obrigado.
Não há uma regra rápida para isso, mas geralmente "# 8230"
1) O aumento de preços após algumas sessões sucessivas de tendência para baixo é considerado uma cobertura curta.
2) A diminuição do preço após algumas sessões sucessivas de tendência ascendente é considerada reserva de lucro ou longo desenrolamento.
Olá kartik, é prudente participar de um treinamento sobre TA. se sim, você pode sugerir um lugar.
Por favor, não gaste dinheiro com isso porque não existem bons cursos disponíveis na Índia. A maior parte é o desperdício. Você tem todas as coisas necessárias no módulo TA da Varsity & # 8217 ;. Examine isso em detalhes, se você tiver dúvidas, coloque-os aqui, teremos o maior prazer em lhe dar uma resposta rápida e ajudá-lo.
Comecei recentemente a negociar futuros e achei esses módulos muito impressionantes. Agradeço seu esforço ao redigir isso novamente.
Fico feliz em saber disso, e espero que você também goste dos módulos disponíveis. 🙂
Por favor esclareça: se eu estiver colocando a ordem limite, não é necessário cuidar do custo do impacto. Posso escolher qualquer contrato futuro da NSE50? Se todo o NSE 50 é liquidez no caso de F & amp; O?
Sim, quando você coloca o limite, não precisa se preocupar com o custo do impacto. Também todos os Nifty 50 são líquidos o suficiente.
Caro senhor, quando será o próximo capítulo carregado e quando todos os capítulos em Futuros estiverem programados para terminar.
Acho que o módulo de futuros será concluído nesta semana. Ansioso pelo módulo de opções da próxima semana em salas. Fique atento para mais. Obrigado.
SIR, PODEMOS ENCONTRAR FUTURO CON (COMPRANDO UM MÊS, VENDENDO UM OUTRO MÊS POR ALGUMAS UTILIZANDO A LISTA DE VERIFICAÇÃO DA TECNOLOGIA DE TECNOLOGIA COMO UMA MENCIONAÇÃO SOMENTE HIGHBETA FUT O LUCRO ESPERADO SERÁ VOLTILIDADE & AMPLIÇÃO & BAIXO MARGEM PLS CLRIFICAR.
Sim, você pode fazer isso. Na verdade, discutimos sobre a divulgação no capítulo 10, que será carregado em um dia ou dois. Solicite que você olhe gentilmente o capítulo quando terminar.
Tenho notado que, às vezes, as boas transações de futuros que envolvem grande qt. 1 lac nos ocorrem.
Quando a quantidade de compra / venda das 5 primeiras citações não reflete nenhum número grande. Como isso acontece? Qual é o relacionamento entre a quantidade divulgada e não divulgada?
Quando você opta por uma quantidade divulgada, apenas uma parte da ordem é exibida eo restante será escondido do mercado. O top 5 bid-ask representa o & # 8216; atual & # 8217; livro de pedidos que muda minuto a minuto. A grande transação que você está referindo deve ser o valor cumulativo do final do dia.
quando um preço de compra e preço de venda corresponde a uma transação ocorre. Como o sistema de software.
distingue se é uma transação de compra ou uma transação de venda.
Como o sinal de compra e o sinal de venda gerados pelo sistema de software?
Bem, quando você faz um pedido, o primeiro requisito é garantir que você especifique se o pedido é uma compra ou venda. Sugiro que você leia este capítulo, que lhe dará informações sobre um típico terminal comercial e # 8211; zerodha / varsity / chapter / the-trading-terminal /.
Desculpe pela demora, postei minha resposta.
Se eu quiser negociar Futuros Nifty, e digamos que minha análise precisa de mais de 6 meses de dados contínuos, onde devo conduzir o meu anaysis à medida que o contrato expira todos os meses? Se não estou errado, deve ser feito no subjacente, ou seja. Local normal, certo.
Os provedores de dados geralmente classificam os dados futuros do mês atual e distribuem-no como fluxo contínuo de dados. Então, quando você olha os dados do futuro, parece que é contínuo e analítico. No entanto, eu pessoalmente prefiro fazer todas as minhas análises no local e depois executar negociações em futuros.
Isso é útil para o senhor. Obrigado ... 🙂
uma consulta sobre esta questão, se eu estiver fazendo minha análise no local, então meu alvo e o mercado de trabalho (e, posteriormente, risco: recompensa) também estão no local, como eu combino isso com os dados futuros? (o que será um pouco diferente)
Então, se o comércio exigir que você compre futuros quando o local for, diga, 8350 (spot), apenas vá em frente e compre os futuros a qualquer preço que esteja em & # 8230; e se o seu alvo for 8370 no local, venda o futuro desse particular nível. Acompanhe o local executado em futuros.
Oi Karthik & # 8230; em futuros módulos, você estará nos levando através do & # 8220; how to & # 8221; processo de back-testing?
O teste de atraso não será parte do módulo do Futures, talvez nas Estratégias de Negociação & # 8220; # 8217; módulo.
SIR, QUANDO ESTÃO RESTANTES CAPÍTULOS SÃO CARREGADOS.
Nós apenas temos mais 2 capitais no mercado de Futuros, vamos tentar encerrá-lo nesta semana.
Senhor, ao negociar intradayits prcticamente, não é possível verificar todas as listas de verificação, como você sugeriu (eu sei se seguimos, nunca perderemos) será melhor se tivéssemos r1, r2, s1, s2 por padrão (bye bye quando estamos recebendo) em PI, pelo menos, teremos uma ideia do que estamos fazendo & amp; no intradiário ocupado, como é possível desenhar para cada script, alguns (por mais que possamos r), vamos emocionalmente e aperfeiçoados. Embora a negociação seja minha paixão e vida, eu ainda não posso negociar perfeitamente parece muito fácil com (h trabalho, determinação para 2 anos) mas o dia da mesma história, sem perda, nenhum ganho apenas consertando ações tiradas por quantos anos eu vou consertar é culpa minha (negociação sem plano robusto, se eu mesmo conhecer muitas coisas de forma tola, impacientemente trocando emocionalmente) causando dor é justo para continuar (no entanto, POSITIVO EU SOU) e lutar contra toda a vida com probabilidade, esclareça com entusiasmo.
Narsimha & # 8211; Você pode se tornar um bom médico durante a noite? Não é possível? Do mesmo modo, ser um comerciante consistente, você precisa envolver muitos esforços. Você precisa de um plano e você precisa cumpri-lo, não importa o que aconteça. Pelo que vejo, você passou os últimos 2 anos de negociação sem sucesso. Solicite que você gaste os próximos 3 ou 6 meses seguindo as regras e geralmente a lista de verificação que discutimos no módulo de TA. Além disso, se você não tem sucesso na negociação intradiária, experimente negociações posicionais por alguns dias. Você precisa estar mentalmente preparado para colocar o trabalho duro necessário. Boa sorte e desejo-lhe tudo o melhor.
Obrigado pela sua resposta, eu sou um comerciante de posição, estou saindo de algumas ações fundamentais como Yes bank, Glenmark, Ultra Tech, quando estão batendo minhas perdas de paradas. Em vez de sair do comércio, é certo manter ou continuar com a média deles perto de seus 50 EMA para obter melhores retornos, uma vez que o estoque tenha atingido o fundo e levado a inversão / volta. Pl. conselho.
Quando você inicia um comércio, você precisa ter uma estrutura de troca, que define seu preço de entrada, preço-alvo, preço de mercado e, o mais importante, o motivo do comércio. Se o comércio atinge o SL, então é sempre aconselhável sair e procurar outras oportunidades. Também um bom estoque fundamental deve ser tomado como um investimento de longo prazo. Não negocie com eles. Claro que, tecnicamente, você pode trocar o estoque que você investiu, mas isso aumenta os preconceitos, o que influenciará o seu pensamento a longo prazo. O melhor é separar ações de investimento e ações de negociação.
Senhor, obrigado pelo conselho. Vou tentar tropeçar com sua lista de verificação. Eu acho que deveria ser um pouco desabilitado, paciente e uso todas as habilidades que eu aprendi todos esses anos, o que você diz.
Espero que isso ajude, boa sorte com isso.
Recebi um e-mail de Zerodha em relação ao site traderscockpit.
Este site oferece algumas ferramentas e também oferecem cursos de treinamento e Zerodha.
parece ter algum vínculo com eles por oferecer ferramentas aos seus clientes a preços especiais.
Você sabe alguma coisa sobre o curso de Análise Técnica? Eles oferecem sua oficina em Bangalore & amp; Chennai.
Eu não tenho certeza sobre seus cursos Varughese & # 8230;.it talvez valha a pena. No entanto, antes de gastar seu dinheiro arduamente ganho em um & # 8216; course & # 8217; Leia todas as coisas que colocamos no Varsity. Por que você quer gastar dinheiro quando tudo está disponível para você no Varsity de graça?
Oi, senhor, posso criar essa posição de tipo em um futuro inteligente.
exemplo - 8000 fut 1 1 compra.
e uma opção de chamada curta de 2 lot otm 8500 @ 50.
Este tipo troca comércio bom ou ruim.
Obrigado por toda a informação. Tem sido muito útil. Tenho poucos recursos básicos:
Se eu troco em grandes quantidades de midcap de futuros, haverá liquidez suficiente para encontrar compradores? porque no site da NSE vejo os volumes de negociação dos 20 principais futuros de ações como 7000 ou 8000?
Também aguento até o prazo de validade, até às 3:00 da noite, haverá compradores suficientes?
Se você aguentar até expirar, a troca irá resolver o comércio para você, então não se preocupe.
Geralmente, a liquidez está no lado inferior quando você sai da cesta NIFTY 50. Portanto, isso poderia prejudicar o comércio em grandes quantidades.
Obrigado pela sua resposta! Eu tenho algumas dúvidas (pode ser bobo)
Futuros LT em NSE,
1. O volume comercializado é 6.555. São unidades ou lotes? é 6555 * 250 lotes? porque no livro de encomendas a quantidade de compra é 1,87,750 e a quantidade de venda é de 3,34,250? são 6555 unidades negociadas?
2. Também o que se pode inferir é que existem mais unidades vendidas do que compradas? É um ponto importante a ser observado antes de entrar no comércio?
O volume negociado está em lotes # 8230, então, se ele lê 6555, então você o multiplica com muito para obter o número de ações & # 8230; neste caso seria.
Estas muitas ações foram negociadas @ dizemos Rs.1750 por ação & # 8230; portanto, o Valor Negociado será # 8230;
O livro de pedidos é um reflexo do fornecimento de demanda para & # 8216; este & # 8217; momento ... assim, nunca será equilibrado. Por exemplo, se para & # 8216; este & # 8217; momento há mais compras do que as vendas # 8230, isso significa apenas que há mais demanda & # 8230; mas isso pode mudar o próximo momento. Por esta razão, é realmente difícil interpretar as informações do livro de pedidos e obter algumas informações significativas. No entanto, se você estiver desenvolvendo uma estratégia de negociação (talvez um algo), o livro de pedidos depende muito da situação atual da oferta de demanda.
Quando estamos fazendo análise técnica no gráfico Nifty spot. Como isso ajuda na previsão do movimento de Nifty porque Nifty isn & # 8217; t realmente negociado no local, é apenas um derivado em si derivando seu preço de 50 ações. A análise técnica funciona no fornecimento e a dinâmica da demanda, mas não há demanda e oferta reais para Nifty no mercado spot. O gráfico de Nifty spot representa a demanda e o fornecimento cumulativo para as 50 ações? Eu espero que faça sentido.:)
E dar seguimento não é um futuro derivado de um derivado (Nifty spot)? 😉
Bem, você respondeu isso sozinho. Sim, o fornecimento de demanda é o que realmente interessa. Nifty 50 mostra a demanda e o fornecimento cumulativo das 50 grandes empresas na Índia e, portanto, ele se move. O Nifty 50 futures é um derivado neste & # 8230; então pense nisso como um derivado na derivada 🙂
Obrigado pela resposta.
Além disso, o que o volume no gráfico de Nifty spot implica? Por exemplo, o volume foi de 0,71 mil milhões em 17april.
Suponho que este volume se refere ao volume coletivo de todos os Nifty 50 scrips para o dia indicado. Por favor, note, este é apenas o meu palpite # 8230; eu não tenho certeza sobre isso, preciso me esclarecer.
Ao trabalhar no quadro do ponto Nifty, como ajustar o alvo e parar a perda para os futuros, pois o preço é diferente para ambos?
Costumo ignorar o preço do futuro. Portanto, Nifty spot sugere uma compra em 8650, eu irei em frente e comprarei o futuro, mesmo que seja negociado em 8700.
Ao fazer negociações posicionais em futuros que a ordem deve ser colocada e como colocar o mercado de mercado para negociações posicionais, já que todas as ordens com trilhos (suporte, capa, MIS) são apenas para fins intraday.
Sugiro que você leia sobre o suporte & # 038; Resistência para identificar os níveis de bloqueio. Aqui está o link para ler sobre isso e # 8211; zerodha / varsity / chapter / support-resistance /
Não, quero dizer, qual ordem deve ser colocada ao fazer negociação de futuros posicionais em que o stoploss pode ser especificado. (Modo NRML).?
Para posicionamento futuro posição (como em se você deseja transportar o mesmo durante a noite) use sempre NRML. Para os negócios intradiários, use MIS, BO ou CO, onde você pode alterar o SL.
Como posso ver o gráfico vivo nifty no PI ??
Por favor, destaque Nifty Futures no seu relógio de mercado e pressione ctrl + c, isso deve abrir o gráfico.
Quando eu opto por uma quantidade divulgada de dizer apenas 10% e eu coloco ordem de 10 000 quantidade, suponho que apenas 1000 devem ser vistos na tabela de oferta / solicitação. Mas o programa de criação de mercado da NSE ou corretores pode ver a quantidade total? Ou isso está escondido de todos (computadores, terminais intermediários, etc.)?
Provavelmente a NSE eo seu corretor podem conhecer isso, mas certamente não outros participantes do mercado.
quando podemos comprar as opções de dinheiro por muito menos do que o requisito de margem para o contrato de futuros, por que os futuros são tão populares.
qual é uma melhor opção de veículo comercial ou futuros?
Nutan & # 8211; As opções Deep ITM têm limitações. Quando você compra um ITM, você deve garantir que ele permaneça ITM & # 8230; se o mercado se quebrar (no caso de CE), o ITM pode se tornar ATM ou OTM. Contudo, os futuros permanecerão futuros. Portanto, a preferência para negociar futuros. Outro desafio com opções profundas de ITM é a liquidez, especialmente se você pretende trocar grandes qtys.
Sir suponha que eu seja vendedora com intradiária ou durante uma semana, então eu tenho que comprar também para liquidação.
Se você reduzir, você pode continuar a manter a posição curta até o prazo de validade ou optar por desativar (comprar novamente o contrato neste caso) o comércio conforme você desejar.
O que exatamente o livro de encomendas transmite? são aquelas as quantidades que estão disponíveis para comprar / vender de diferentes participantes?
Quando você faz um pedido no Amazon ou no flipkart, em um ponto posterior, você sempre pode voltar e verificar o status certo? Da mesma forma, o livro de pedidos em seu terminal comercial. Quando você faz um pedido para comprar ou vender um estoque, o registro de isso é mantido no seu caderno de pedidos. No entanto, o livro de pedidos é válido para o dia. Você não pode ver o catálogo de pedidos de hoje t & # 8217; linha. Então, quando você faz um pedido para uma transação, você pode visitar o caderno de pedidos para alterar o preço, a quantidade etc e # 8230, é claro que, uma vez que o pedido esteja preenchido, você não pode modificar seu caderno de pedidos.
Antes de tudo, tire o chapéu para você por todo o bom trabalho que está fazendo. Eu costumava negociar anteriormente com base no instinto e FA antes de ler seu módulo em TA. Depois disso, comecei a usar o TA e o que se mostrou realmente útil. E depois de ler seu módulo no Futures, realizei meu primeiro comércio hoje em Nifty Futures, que acabou sendo bastante lucrativo. Thanx para você.
Mas recebi uma pequena dúvida. Você disse que o índice Nifty não pode ser manipulado. Eu concordo com isso. E quanto ao contrato Nifty Futures? Suponha que alguém coloque ordens de compra / venda hipotéticas em grande número, o que, obviamente, não quer ser executado com a única intenção de aumentar a quantidade de lances / pedidos, resultando em manipulação de Demanda / Fornecimento. Isso não resultará na manipulação do preço do contrato de futuros?
Eu suponho que, se houver mais compradores do que vendedores, então o sentimento é otimista e vice-versa. Por favor, corrija-me se eu estiver errado.
Thanx and Regards,
Sunil, estou realmente feliz por saber isso, espero que continue a ter mais sucesso.
Sim, os comerciantes podem colocar grandes negócios com a intenção de manipular a oferta perguntar # 8230, mas lembre-se que isso não afetará o preço. O preço é afetado apenas quando um comércio é atingido. Então, se alguém está fazendo um pedido apenas para cancelá-lo muito cedo, então não importaria o preço.
Thanx para a resposta.
Eu concordo com o que você está dizendo. Mas e se algum grande peixe compre um enorme lote (talvez 1000 lotes ou mais & # 8211; Acumulação), diga 8500 e depois continua comprando 1 lote cada em 8500.10 / 20/30/40/50 e assim por diante, movendo o preço acima. E quando ele conseguiu o preço lucrativo que está muito acima do preço que ele comprou o enorme lote, ele começa a vender lentamente em lotes pequenos e lucro de livros (Distribuição). Podemos chamar essa manipulação de mercado e isso pode acontecer no Nifty Futures?
Eu entendo seu ponto de vista. Isso pode acontecer em pequenos contratos infiáveis e # 8230, mas não é possível com grandes contratos como Nifty, Infy, RIl, etc. Apenas para lhe dar uma perspectiva para negociar 1000 lotes de Nifty, você precisa apenas de 1.7Cr em margem e # 8230; isso não é uma grande quantidade para um & # 8216; peixe grande & # 8217; :). Por isso, sempre faz sentido trocar grandes contratos líquidos.
Ok .. Got it & # 8230; Então, eu posso assumir com segurança que a manipulação de um contrato de Nifty Futures não será fácil considerando a liquidez e # 8230 ;. 🙂
Thanx para a resposta. Mantenha o bom trabalho & # 8230; U rock man & # 8230 ;.
Senhor, eu gostaria de saber, se eu puder colocar 1000 lotes de opções nítidas de uma só vez em uma única ordem?
Eu acho que há um corte em 200 lotes por pedido, então você pode ter que colocar 5 ordens para obter uma exposição a 1000 lotes. Além disso, como cliente de varejo, há um corte de 5% de interesse aberto.
Por que o preço do MRF (no snapshot dado) aumenta, quando a quantidade total de vendas é maior do que a quantidade total de compra. O preço do nt deve diminuir quando a oferta for maior do que a demanda? Eu sei que estou perdendo alguma coisa, queria saber o que estou perdendo.
Mais uma consulta, um pouco não relacionada, durante as horas de negociação, vi que muitas vezes o volume total negociado valor diminui, isso me desconcerta. Por que isso é decrescente e crescente, não deve aumentá-lo?
Rajdeep & # 8211; o instantâneo capturou a profundidade de mercado dessa instância particular. A profundidade do mercado continua a mudar com base na oferta de demanda. Quanto ao volume comercializado, você tem certeza? É um número cumulativo e só aumenta à medida que o dia avança.
Sim karthik você está certo, fiquei confuso, o volume total só aumenta, é quantidade de lance total / quantidade total de quantidade que em algum momento diminui, pode acontecer devido ao cancelamento da ordem, eu acho.
Eu quero entender de uma maneira melhor como posso prever razoavelmente o preço da janela de profundidade do mercado, o que você aconselha?
Prever o preço da janela do departamento do mercado é difícil. É como olhar para um cartão de débito e adivinhar quanto dinheiro existe na conta bancária 🙂
hoje eu ouvi a tarte SEBI aumentando o tamanho do lote do tamanho do tamanho, o futuro inteligente e a opção é verdade? Por favor explique.
Eu tenho uma dúvida quando vender qty é mais do que comprar qty definitivamente o preço vai cair, hoje eu vejo que o qty de venda está aumentando, mas o preço não é para baixo, por favor, encontre a captura de tela e explique.
Sarath & # 8211; a quantidade de compra / venda que você vê é dinâmica e muda à medida que o dia avança. Então o que você vê agora será muito diferente 15 minutos depois.
Qual é o futuro da mercadoria mais líquida? e onde fica quando comparado com USD / INR e NIFTY Future.
Acho que o Ouro e o Crude são os contratos mais líquidos no MCX & # 8230, mas certamente não são tão líquidos como Nifty.
Sir , In the options when we are not exercising the option and allow it to expire worthless what exactly does that mean. Is there a rule of squaring options too??
It means the option has lost all its value and the premium has gone to 0.
No rules as such…but in case you have a long options position make sure you square it off to avoid STT trap. More on this here – zerodha/z-connect/queries/stock-and-fo-queries/stt-options-nse-bse-mcx-sx.
Thank you Sir. I got it.
Hello karthik, I have 3 questions, hope u will answer.
First, I can buy shares of any company (ex Infosys) and it’s future also. Similarly I can buy nifty future but can I buy nifty itself.
Second, what about sensex can I trade on it.
Third, suppose I bought 2 lots of nifty future and after some days I want to square off. Is it possible that if I only square off 1 lot position and other lot I continue to hold till expiry.
You can buy any company and its futures. You can buy Nifty futures but to buy Nifty you will have to buy Nifty ETF.
You can trade Sensex futures.
Yes, you can do this. No issues with that.
Just to want to know that is there any limit on buying nifty futures contract for intraday…can we buy 10k lots of nifty for intraday?
Does the market order get fulfilled?
From NSE website –
The gross open position for each client, across all the derivative contracts on a underlying, should not exceed:
-1% of the free float market capitalization (in terms of number of shares)
& # 8211; 5% of the open interest in all derivative contracts in the same underlying stock (in terms of number of shares)
whichever is higher.
I took a put on infy few days back..but it bounced back..again..yesterday also.(which was on 20 th..it couldn’t sustain on its high and came down..but closed positive. i checked it’s future price..it was lower than a spot price and closed in red..does It signifies..is short building up??
Hard to say – the reason is more fundamental here. Infy has been consistent with its statements – giving out earning warning. Markets are just factoring in this and adjusting accordingly.
Futures below spot signifies discount…could mean traders prefer buying Infy spot and selling futures.
DOES LIQUIDITY OF AN INDEX OR STOCK DECREASE ON INCREASE IN VOLATALITY.
Tricky this one..in fact illiquidity increases volatility. Higher the liquidity the lower the volatility is what I believe.
First of all let me thank you for your efforts in making such a complex subject in such a simple and easy to understand modules. I am new to Futures trade but now have got some good understanding after going through the modules. I want to know how and when to initiate my first trade, do I need to try dummy trades or can I directly jump and start trading.
Glad to know Varsity is helping you 🙂
You cannot learn swimming by reading a book, likewise the real experience of trading lies in actual trading. Be through with what you, be confident and place a trade. Experience it and learn from it. In my opinion, this is the best way to start!
Thanks for this helpful material!
One question I have is how can we play the normal spread (not calendar spread) with Nifty?
I am asking this because Nifty future does not have a corresponding Nifty spot instrument as far as I know. There are Nifty ETFs, but they do not track the Nifty spot price closely enough. There is quite some difference between the Nifty ETF NAVs and current Nifty levels. Is there some other alternative to represent the Nifty spot prices in an easy and accurate way?
I wanted to ask that while buying a lot in nifty or anything how do we come to know abt the expiry of the contract in the trading software of nest ? as in does it mention that this is the expiry for the contract ?
1.”Besides if stock/futures is highly liquid then it usually translates to lesser volatility.”
2.”Most importantly, if the stock is liquid then placing a ‘market order’ is hassle free.”
Higher liquidity means tighter bid ask spreads, hence impact cost is lower, hence it contributes to lesser volatility.
Again when you place market order, if the stock is not liquid then the price at which you transact will be very different from the last traded price. Hence place mkt order only in stocks which have good liquidity.
I am a trend followeri trader in nifty futures !!and i incurr slippages as my orders are stop market !!
Could you provide me a rough estimate of my slippage cost if i trade with 100-500 lots !!
Slippage on Nifty futures is not my as the liquidity is extremely high. I’d say its under 0.002%.
One basic question.
Do we need to manually square of the Nifty future, before the end of expiry day or will it automatically gets squared of on the expiry day? Is there anything like more STT charges for futures, like in the options, if it is ITM on expiry. Kindly guide.
Futures is not a problem, you could let it expire and the exchanges will settle this for you.
Obrigado Karthik. Your writings are superb….we are learning lot from you.
Happy to know that Vignesh. Thanks.
Sir, kindly give me snapshots in Zerodha kite to place order for sbi futures in intra day with buying selling profit loss snapshots for my beginning in futures, still now future couldnt understand, so pls guide me.
Sir, if I write CE 8300 @ 16 premium today and same day write 8100 PE @ 12 what is the margin requirement today? My another question since both CE and PE are written on same day (hedging) does the margin requirement decreases when compared to two only PE or CE writing . I hope I could express my doubt properly. Por favor.
You can use the margin calculator here to see if there is any spread benefit for the position, check this – https: // zerodha / calculadora de margem / SPAN /
Sir If I write a PE 8500 at 6. and 8700 CE at 5 what margin require to day and if both shorts are carried forward to tomorrow will the margin be reduced since it is having a span gap and hedged with one another option.
Hi Karthik. Never enjoyed reading like this before. Thanks for your hard work. A couple of doubts:
1) “Trading the Nifty futures requires one to take a broad based economic call” What does it mean exactly?
2) Nifty is highly sensitive to any kind of news/events, be it global or local. Sometimes when we are trading Nifty futures based on TA, there is a chance that a news might not come to our notice which has a huge impact on Nifty thus triggering our stoploss and ending in loss. Is there a way we could keep ourselves updated all the time with any small event/news that could impact Nifty. Any particular website or news channel/hour you suggest us to follow?
Glad to know you are enjoying the content here!
1) This simpler terms you need to take a call on the direction of the index. If you expect the index to go up, it implies you expect the overall economy to improve. Of course this is theoretical….in reality people go long and short multiple times a day.
2) The basic assumption when you trade based on TA is that the news is already factored into to the price! Having said that, check out pulse. zerodha.
Suppose I place a market order to buy nifty at 9:01 am, then does it guarantee that it will be filled exactly at market open(i. e at 9:15 am) and exactly at the open price?
There is no guarantee as such Arun. However, I would avoid market orders as you may end up getting really bad rates.
How to do technical analysis of Nifty Stocks as i could only see the Nifty Futures in Kite, It is impossible to see the price actions or the volumes for a period of more than 2 months. Is there any way to see Nifty’s last few yearns data in Kite?
Charting on Kite is super simple, check the user manual – https://kite. trade/docs/kite/#charting. Spot data should be available for over last few years.
I could do the chart for other stocks for even years. But for Nifty I could able to do charting only for two months.
You must be looking at futures data. Nifty Index is available for several years.
I trade with zerodha since 2018 jan .. what i experience that it’s a good team …. Some time some issue with kite and pi but overall very good …8/10.
And versity 10/10.
1.. my question is If I place 500 lot then what will be the slippage .. any idea sir .
2. Do I need basket order slice for order execute as the quantity freeze is 100 lots.
It really depends on the liquidity. If its highly liquid like Nifty futures then you need not worry about slippage…but if its not, then the slippage really depends upon the impact cost. You can read about impact cost in the same chapter or next I guess.
why there is a difference between buy and sell quantity? Is it not that what is being sold is bought by someone and hence they should be equal?
Think about this – I may goto the vegetable market with an intention to buy 10Kgs of onions (buy qty is 10Kgs)….but in the market there could only be 8Kgs (sell qty) available. So naturally there is a mismatch in buy and sell qty, likewise in the stock market.
I’m new to the trading world and I have recently opened an account with Zerodha but not invested yet. I have two questions but before I ask them I wanted to thank you for putting in all the effort in this source material, its simple brilliant.
My first question is how to I calculate my P/L if Nifty Futures go move 50 Bps?
Is it 50 bps*number of lots (2 lot) = 7500 Rs P/L.
Secondly, can I trade in Indian Markets if I’m working outside India being an Indian Citizen ?
Thanks for the kind words Anand.
For every one point movement in Nifty, you end up making or losing Rs.75. So if Nifty moves up by 10 points you make 75*10 = 750, however if you have 2 lots, then 750*2 =1500.
75 is the lot size of Nifty and the minimum movement of Nifty is 1.
Yes, you can as long as you have a valid trading account.
Nowadays the nifty is falling fast and we don’t know where it is going to stop..but long term story is good. IN that scenario can one take one lot of nifty at current price and add one more lot if it goes down to 7500 without worrying when it will bounce. And on one fine day whenever market is up at 9000 we square it off……till such time keep it rolling. Does it make sense……pls guide.
A wise man once said, “Markets can stay irrational for more time than you can stay solvent” 🙂
Hence, I would not advice this strategy unless and until you have deep pockets to incur all the M2Ms.
What would be the ideal stop loss if I am trading 1 lot of Bank Nifty on 5 minute time frame? How many points stop loss is the ideal so I dont lose too much if I am risking only 2%?
You cannot force fit a stop loss on any trade. This is a rigid practice. Stoploss should come by naturally for a given trade.
I understand I cannot force fit a stop loss on any trade and it should come naturally for a given trade. I was asking in terms of tick value and tick size. . For Example: If I was trading 1 lot of Bank Nifty at 8000 and my stop loss was at 7950, and I got stopped out at 7950 what would be the loss based on tick value and tick size for Bank Nifty?
Loss would be the lot size * Number of points.
I can see that the nifty lot is 75 instead of 25. Do they keep changing it and if yes, why do they change it? How can I be informed of such lot size changes?
Yes, lot sizes are reviewed and changed (if required) periodically. NSE aims to keep the contract value constant, but as price changes so would the contract value. This is when NSE decides to either increase or decrease the contract size.
The changes would be communicated through your broker.
if i place a SL-M order for NIFTY FUT(recent month contract), at say, 8010(trigger price) what can be my approx impact cost?
Or because it is a very liquid script it will get executed exactly at 8010?
if it does have a impact cost then will this order ensure that it is executed exactly at 8010–:
normal SL - trigger price 8009 , limit order 8010.
One cannot expect an exact price when its a market order. However, when the impact cost is low (higher liquidity) the execution will be near the desired value..but not the exact value.
also what will happen if the trigger price is hit (8009), but then the price reverses there after without reaching the limit order. can we then cancel the order??
Nope, order would have been executed.
also what will happen if the trigger price is hit (8009), but then the price reverses there after without reaching the limit order. can we then cancel the order??
will it be a good thought to manually place the oder each time(buy or sell) (i. e. without SL, CO or BO ) on nifty futures as it is however very liquid and because the impact cost is low.
Yes, this does make sense especially when the volatility is high.
1) So this months nifty futures expires on 29th dec. At what time, at the end of the day (i. e. 29th)?
2) What should we do as a day trader, trade the dec month contract or the jan month contract?(now that just 2 day remains for the dec month contract to expire).
3) If your holding period is over 3 days, then it makes sense to buy the Jan Futures.
Opened a/c recently and willing to start Nifty Future trading from coming April. Having one query…….. after executing trade how could I convert MIS position to NORMAL position? Posso fazer isso?
Sim você pode. On far right (in Kite) click on comparison symbol next to change and you will notice ‘Convert’ opção.
and with Pi? is it not possible?
Another question….. a sticker always there on screen i. e. nifty and sensex. How could I add bank nifty with them? Esperando sua resposta.
Sir if we buy nifty future current month 1 lot then sir our order is executed at market price or its execute above 10 points from pi software.
Depends on the order type – limit order restricts to purchase to the price you want to buy at..and market order lets you buy at the prevailing market price. However, even if you place a market order on Nifty, it is unlikely you will get 10 points higher.
You have advised in above Q & A to do the analysis in spot and execute in futures. If I want to trade nifty futures, how do I do it in spot nifty without volumes. Only the nifty futures have the volumes. So can I do the analysis in nifty futures itself. Kindly clarify. Desde já, obrigado.
Agreed. The overall market volume data provided by the exchanges is equivalent to the volumes data. I’d suggest you start tracking that along with the chart patterns on Nifty spot.
Sir I wish to know if we can place 1000 Lots of nifty options in one go in a single order.
Is this permitted by the exchange ?
No, in one shot you can place an order for 200 lots. So if you wish to buy 1000 lots, then you will have to place 5 orders…i. e 200 lots per order. Also, you maybe interested to know that the maximum limit for a retail trader is 5% of the open interest.
Hi Karthik, I am an existing Zerodha customer and wanted to know if it si possible to trade Nifty derivative via Kite platform. if yes, can you please explain how?
Claro que você pode. We conduct two online demos everyday, I’d request you to attend one to figure out how this can be done.
Thanks for Karthik for the support. earlier, I have another request for PI software can be run in IOS environment. So far, I hv no clue of it. Could you please let me know if we have IOS version PI Software.
No, not available on IOS yet.
Great materials Karthik – much appreciated..
I have 2 questions, can you please help me in understanding?
1. What would be the usual nifty future lots’ number a professional day trader trade in NSE with minimum target and SL? May be for 5-6 trades a day?
2. Also, what would be the optimal/practical number of lots used by such pro traders via BO where all lots brought and sold in one order each executed for buy and sell trades?
1) Really depends – I know traders who place few lots (5-10) to few 100’s. Rest of the things are usually driven by the trade itself.
2) Again, no straightforward answer to this. Its highly personalized to you trading account and trading temperament.
Sir …if my directional view on nifty or on any stock is bullish. then i will go for buying call option …why to buy fucture ….i think option are cheeper then why people trade futures …??
Sim, você pode fazer isso. But remember futures is a very straightforward instrument…options are not.
Sir you told options are not strighi forward pls clarify.
When you trade Futures, only the direction of the market impacts the P&L, whereas when you trade options, along with the direction, the speed at which the market is moving, time, volatility also impacts the P&L. Hence options are not as straightforward as futures.
Is there any way to find out if it is going to be trending day of a choppy day?(say for nifty or bank nifty)
Any thing that we can analyse and say that this day might be a trending day or a choppy day?
Candlestick patterns usually gives you a sense of this.
who to get the exact volume of the nifty futures? because at one time 3 contracts will be there so do we need to add the volume of all the 3 contract to get the volume of that day? or is there any other way?
Just look at it on an EOD basis.
Today for the first time I was going to trade in Nifty Future. But a lot of issues are now arising which I have not faced even 2 months before. Right now I am not able to re-login. Price was not updated properly when I logged in. That’s why I logged out and tried to re-log in. After some time I was able to re-log in . But now I am facing the same problem again……. i. e no timely updated price. Right now both interactive and broadcast signals are green. But Nifty future chart as well as share prices are not updating. I am facing this issue since 3 weeks. Definitely you do have problems with Pi. I have already informed you regarding this. But I was outside of my residence when you called me. You may call me right now as I am sitting in front of my computer. Please do the needful as soon as possible. I am unable to take any position in Nifty Future. Sent email with attached file. Now I am waiting for your response.
Eu tenho uma pergunta.
If today difference between underlying and future of near month is 35 points.
On expiry will necessarily difference be zero.
Yes, on expiry both the underlying and spot converges, drawing the difference to zero.
Sometimes, especially in the last week, why is the value of nifty futures less than the nifty 50 indx. isnt it supposed to be more than that and then converge towards expiry?
Yes, it will converge on the day of the expiry. However, during the series, it is purely the outcome of demand and supply.
If i want to short Nifty at current price (not in futures), is it possible in kite. If yes, please tell me how to reach at that interface.
Sim você pode. We are having a live DEMO (online) on kite and other things at 2:30 PM, please do attend the same. Demo link will appear here – https://youtube/user/zerodhaonline.
1. There will be impact cost in all trades. Is there any fixed impact cost% above which we should not trade OR One have to decide it on his/her own risk appetite?
2. On which assets one should trade more liquid or more volatile?(in both futures and spot market)
3. In case of volatility we can expect better profit then why to buy liquid stocks?
I’m going to start charging you for queries – 20 buck per query 🙂
1) Nifty;s spread is best considered for measuring impact cost. If I’m not wrong its 0.002%. Keep this as a benchmark.
😂😂sorry for too much questions🙂
Lol 🙂 Thats good, the more ask, the better for all of us!
4. It will be better not to place market order if there is high volatility?
5. Which type of order would work best in case of high volatility?
4) Yes – with an expectation that impact cost wont impact your trade.
6. In which case should we calculate impact cost and round trip?
6) In case of ill liquid stocks.
Most of the time, a.
the start of a new series , Nifty future’s premium are high (20-25)approx , but in this june series, nifty futures were at discount rate. Does this mean that nifty should be in tight range this month as people have shorted nifty in a narrow upper and lower range which may would result in a small range of series.
Or it has a different meaning ?
Você pode explicar, por favor ?
No, at the end of the series, the futures and spot tend to converge. Either the Nifty drops to catch up with spot or the spot increases to Fut…but eventually they converge. The difference mainly arises due to cost or carry/demand/supply.
thank you so much sir for all your answers and giving us great knowledge and a different mindset to read and analyse markets.
Good luck, and happy learning!
I m a new in share mkt. may i get bank nifty, future, option, commodity all process step by step to trade through mail. if so it would be kund of me. Obrigado.
Everything you would need is documented quite well here. Request you to go through the same.
So, I want to know that whether I would be able to buy 25 lots of nifty future @8631(first example) or just 1 lot (=25).
Lot sizes have been revised since then. 1 lot of Nifty futures is 75 units now.
Thank you…. But just for information I’m asking, in the example I’ve mentioned, how many lots I could sell (then) @8631.
Ok, in that case, it would be 1 lot.
Can you tell me the current NRML margin to buy 1 lot of nifty futures(75).
It’s around 76K. You can always use the margin calculator to get the best estimate – https: // zerodha / calculadora de margem / SPAN /
Sir, I am new trader. I have a curious question about how big is the market. Is it possible to trade 10000 lots of banknifty?? It will be market manipulation?? Is it an offence??
You can trade how much ever you want. However, at 10K lots on BN, you maybe hitting a position limit. Verifique este & # 8211; https://nseindia/products/content/derivatives/equities/position_limits. htm.
Is it adviseable to trade in nifty futures using BO with trailing tight stop loss?
Of course, it does. This is assuming you know what you are doing 🙂
You did reply, as i believe, in very philosphical way. I request you to elaborate, if possible, a little more.
Kumar..I can only give a philosophical answer 🙂
Technically, you can place a BO and trade. You can have a tight stoploss.
I have been reading Varsity since May, 2018 and placed my first trade in nifty option in June this year and booked some profit.
While reading “Intelligent Investor” i found that the author compared trading or speculation with some sorts of gambling that i found aberration.
Well i have been using TA as taught in varsity and remained successful almost 65%.
I want to know your views regarding speculation vs gambling.
HAPPY INDEPENDENCE DAY.
Happy Independence Day, to you too!
Should i admit day trading particularly in derivative segment as speculation?
Well, especially true is if you do not have a trading system with risk controls.
price written in article below order book of mrf future:
Buy Price – Rs.38,364.95.
Sell Price – Rs.38,266.25.
price in order book of mrf future:
Sell Price – Rs.38,364.95.
Buy Price – Rs.38,266.25.
do both price written correctly or it is a mistake?
i got it, it is price in round trip.
SEBI has proposed compulsory physical settlement in stock derivatives contracts.
I read Nithin Kamath’s comment in ET where he said that it would be boon for hedgers and might be better if it would be combined with the exchange stock lending and borrowing platform.
Now my questions are:
1. What is physical settlement for stock as well as index?
2. How does it effect hedgers and derivative traders who don’t own any portfolio?
3. ET in its editorial critised this though CEO of Zerodha praised the move. What is your take?
I am a Zerodha customer was trying to understand what STBT and BTST orders and How can I trade in this for Nifty Future? I could not find any document on it. Por favor informar.
Sir, I can’t Thank you enough for writing such wonderful educational articles on stock market….I am new to stock market…I have also opened an account with Zerodha…I have read many educational articles on stock market in internet…but truly speaking…nothing can beat the modules of Zerodha Varsity….once again a big THANK YOU.
Eu tenho uma pergunta. I have tried some intraday trading with the steps described by you for swing trading….my thinking was that if I have a swing view on a stock going up or down, it should go up or down on a daily basis also. By this logic, I have tried intraday trading but I was unsuccessful. In most of the cases, my stop loss got hit by some wild movement in price, even though at the end of the day, I have found that my swing view on the stock was correct. That’s why, I have decided that I will stick to Swing Trading. I also have a 10-5 job, so swing trading is also very suitable to my time schedule.
I have read somewhere that rather than picking a new stock every time, if one focuses more on a handful of stocks, observe their movement regularly and know their behavior, it helps much more in the long run. So I have a decided to include Nifty, Banknifty and Nifty Top 10 stocks only in my Opportunity Universe and scan them regularly for opportunities.
I would be highly grateful if you give your valuable opinion on this. Am I doing it right?
Thanks for the kind words, Sundipta. Hope you continue to like all the material here 🙂
The problem is that the movement in stock can happen anytime during the timeframe opted in swing trade. It could happen in 1 day or may happen on the 5th. Translating this to day to day movement is hard.
Yes, focus on few stocks and knowing their price behavior well is good.
Thank u very much sir for your prompt reply..I have one more question…How does Dow theory help in swing trading….
Suppose, a I find a bullish engulfing pattern, prior trend is downtrend. Now, I look at the stock from dow theory perspective and look at the weekly chart and find that the primary trend is downtrend. Now, if on the next day the stock forms another green candle, should I go long then? Will that not be going against the trend and violation to the ” trend is your friend principle”?
What should I do in this case? Plz don’t mind if I sound stupid…I am just very much confused about the various concepts as sometime they seem to contradict each other.
Dow helps you identify broader trends….double bottom, double tops, breakout etc. The best trades (at least according to me) is when the candlestick pattern coincides with a dow theory. Por exemplo, & # 8211; a bullish engulfing also matches with a double bottom.
So sir, for swing trading, is it ok then to go against the primary trend if other conditions are met?
Yes, certainly possible.
Ok sir……thank u for clearing my doubts.
Can we carry forward Nifty FUTURES to next days as like Equity FUTURES?
Sim, você pode fazer isso.
Sir, Can I trade 10 lots of nifty by bracket order? Will brokerage is charged as single order or as multiple orders like 3+4+3. If i gain ten points in this, then my profit is near to 7500(75×10 lots=750=750×10=7500) or not ??
Sim você pode. For entry order, you will be charged 20, but for the exit, you will be charged based on the number of trades. For example, if the exit of 10 lots happens through 3 trades, then you will be charged for 3 trades.
What is the tick size of nifty .
Desde já, obrigado.
Is there any chance of reduction of nifty lot size.
Since the nifty futr lot is above 10k, the margin requirement(NRML) is very high. As we r small retail participant its bit heavy to us .
What ur openion sir will nse consider these and what parameters they look to change lot size.
Thanking you sir.
Highly unlikely! SEBI wants contract value of all derivative contracts in the ₹5-10 Lacs range(Nifty at 10k has a contract value of ₹7.5 Lacs) to keep the small trader out of the speculative trading business.
I heard that Sebi is planning to start weekly nifty options contract, is it true?
Not sure, no official communication on this.
karthik avare olle kelsa maadtiddira , varsity modules tumba chennagive , thank u karthik..
ಎಲ್ಲರೂ ಕಮೆಂಟ್ಸಗೂ ಇನ್ ಟೈಮ್ ರಿಪ್ಲೈಯ್ ಮಾಡ್ತೀರಾ,ಶಭಾಷ್ ಕಾರ್ತಿಕ್….
ಆಡು ನನ್ನ ಪುಣ್ಯ ಸರ್.
ಕಾರ್ತಿಕ ಒಂದು ಡೌಟ್ ಸಾಲ್ವ ಮಾಡಿ: ಉದಾಹರಣೆಗೆ- AGM Meet for Page Industries for Dividend purpose is sheduled on Nov 10 which is now trading at 19300/- per share , if i buy one scrip of Page Industries before AGM Meet n if the declare 50/- dividend , can i be eligible for dividend OR there will be any Holding Period criteria to be eligible for Dividend??
You will have to be the shareholder before the record date of the dividend. For example, if on Nov 10th they decide to give a divided of 50/- on 25th, then record date will be 2 days before the payout i. e 23rd. So even if you the stock around 20th its fine.
ಥ್ಯಾಂಕ್ಯೂ ಕಾರ್ತಿಕ್ ಸರ್..
Sir, Is it ok to take future trade of a stock after analysing the spot market chart of that stock?
I m asking this because i cant draw support and resistance levels on future market chart of a particular stock.
Yes, its perfectly fine.
Excellent work by you and your team. Very impressive to write such good content and i really admire these modules. Ótimo! keep going. Muito bem sucedida.
Thanks for the kind words, Abhinav! Aprendizagem feliz 🙂
I want to know if I can buy 81000 shares of SBIN FUT (27 LOTS) in intraday and sell it within minutes after making some quick profits.
Is it possible to buy that many lots and then sell them?
Yes, I guess SBIN is liquid enough for this order.
What would you say is the ‘break even’ percentage for the impact cost? Below which, the particular stock is liquid, and above, not so liquid.
If the impact cost is around 0.02% or so, I would consider it as liquid.
In USA market there are indicators like tick, tiki, trin & trinq to gauge overall market depth.
Does any such indicators available for Indian Markets ? I know advance decline of NSE but is their any specific which can compare with above USA indicators mentioned.
Thanks in advance for your detail elaboration.
Not really, Reena. Tick, tiki, trin & trinq sounds interesting 🙂
Trick, Tiki, Trin & Trinq are very interesting and powerful indicators used by USA professional trader and some of my USA freinds use them and said that this indicators gives them edge over other ameture traders.
Thanks for the inputs, will check this out.
My question is regarding application of technical analysis on charts with respect to futures and specifically to Nifty futures.
Futures (underlying either stocks or nifty index) expire every month. The longest timeframe for futures of any underlying asset is 3 months, right?
So, when applying technical analysis on stock futures, on what chart should one apply it too? The chart specific to the future being traded? or to the chart of the underlying stock since the price of the future contract mimics the price of the underlying asset?
Again, with NIFTY futures, I have a similar question. Do we apply TA on the index’s candlestick charts or the chart of the nifty future being traded?
Since the charts of the futures show data of timeframe of 1 to 3 months, would they give a clear picture of support and resistance? or would the chart of the underlying index or stock be studied to determine support and resistance levels?
This is quite debatable. I personally prefer applying TA on spot charts and executing the trade on Futures or Options.
Thanks for the reply Karthik.
Any specific reason on why you apply the TA on the underlying (spot price of stock/index) rather than futures chart? is it just a personal preference or do the spot charts indicate trends in a more timely manner than the charts of futures/options?
Technically, the futures derives its value from the underlying. Also, I can load more data point on the underlying, which gives me scope to look at it from a slightly longer-term perspective.
I have gone though each of the chapters mentioned on zerodha/varsity, simply awesome and easy to understand with clarity, I learned the art of trading with these chapters and got cleared all of my doubts with the user’s query & ur response, I was nil in stock trading before registering on zerodha. Once again thanks a lot.
Happy to note that, Vikas 🙂
Good luck and stay profitable 🙂
How much is the Profit/Loss of Nifty Future trade against movement of 1 pt. ?
Usually there is few points difference between the sgx nifty and nifty in a live market.
But what does it mean when there is a huge difference between the two in live market.
This is because SGX is a futures contract on Nifty. Hence the difference. I’d suggest you ignore the difference, look at only the direction of the move.
I have a question related to sgx nifty. How does the futures price of sgx nifty (trading on Singapore exchange) change when the underlying nifty hasn’t even opened ( I mean the Indian market hasn’t even opened). I think I have some knowledge gap here. I have an understanding that futures price follows the spot price but in this case it seems opposite. Because I have seen whenever sgx nifty trades green, nifty opens green.
Can you kindly throw some light on this ?
The price on SGX is only indicative. This is similar to how DOW Futures trades across the world, even when the US markets are closed. The futures price is only indicative.
If I don’t square off then exchange automatically square off position on expiry day.
1.) If I square off position say at 3:20 on expiry day, then money will be debited or credited in the account same day ?
2.) If exchange square off then when the money settlement takes place ?
2) Settlement happens by eod of day. You can withdraw your funds the next day.
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How to Trade Nifty Futures?
This article on How to Trade Nifty Futures is in continuation to What is Nifty 50 Index (Nifty) & How to Trade Nifty? which guide the beginners to understand all about Nifty Index, its constituents and how to trade or invest in Nifty?
The article will be more or less similar to the one we have written on How to Trade Bank Nifty Futures? but still we are getting a lot of requests from our readers to write one specifically on Nifty Future Trading. For those who have already gone through How to Trade BankNifty Futures might find this very similar but still can take some time to read and know about Nifty trading.
So, for those interested in trading nifty futures should learn & understand more about what is Nifty and its future contract requirements & características.
What is Nifty 50 Index?
Nifty 50 Index or more preferably known as Nifty is India`s most followed economic indicator. It is the weighted avergae of most liquid and top capitalized 50 (now 51) stocks listed on the National Stock Exchange (NSE) that covers 23 sectors of the Indian Economy. Nifty 50 represents about 65% of the free float market capitalization of the stocks listed on NSE as on March 31, 2018 and is an ideal financial instrument for futures traders in India.
The Nifty50 composition do not remains same always as the stocks which do not perform and in-turn leads to a fall in their market capitalization are replaced by other companies which performs and have their market cap more than the underperformers. Refer the table below for the changes that happened in Nifty 50 Index in 2018.
To get a further deep understanding of the Nifty Index, please visit What is Nifty 50 Index (Nifty) & How to Trade Nifty?
O que é Nifty Future?
Nifty Future is a derivative contract traded on National Stock Exchange of India (NSE) whose underlying is Nifty 50 Index. This means that Nifty futures will derive its value from the Nifty index which in turn is dependent upon the movement of top stocks in the index as per below:-
# Tata Motors 2.76%
These Top 10 stocks in Nifty has a weight-age of more than 53% of Nifty Index.
Nifty Future is the most trade-able and liquid equity index future with traded contracts of approx 160 crores and turnover of Rs. 45,748,616 Crores ($ 6,896.82 Billion) in 2018-16.
Future contract on Nifty Index was launched on June 2000.
Contract Specifications of Nifty Futures.
To understand in detail all the key terms or terminologies used and how a futures trade work in the real market, Read Article: Part VI – Getting Started With Trading : How to trade Futures Market?
How to Trade Nifty Futures?
Trading Plan for Nifty Futures.
Planning is crucial for the success of any business. So to get started with trading you need a proper plan, a plan to design a road map to follow to achieve you trading goals . Every trader should frame up mechanical ways to trade the markets to overcome taking trading decisions on the inherent human habits and that can be achieved only by developing and framing “A Right Trading Plan”.
Framing your trading plan and developing a habit of following your plan strictly go hand in hand. So, the traders task is to work on pre-defining the trading plan defining the system of entering the trade, price & time of your entry, reasons to enter a trade, stop losses, systme of exiting a trade, etc.
Capital Required to Trade Nifty Futures.
Nifty futures has a lot size of 75 units per contract for which an initial margin of Rs. 47000 is required which is approximately 7.9% of the total contract value of Rs. 5,92,500 (30 x 16,200) on April 30th, 2018 i. e. we have to deposit an initial margin of approx Rs. 47,000 to initiate a long or short position in Nifty future and carry it till the expiry of the Contract i. e. May 26th, 2018 (provided we have a ledger balance to take care of any daily mark to market losses (M-M Losses)), if any.
There are two options available for future traders to meet out the margin requirement for the contract obligation.
Cash Margin – Nifty traders are required to deposit approx Rs.47,000 for initial margin to their broker. By cash margin, we mean a clear credit balance in the Ledger of the trading account. Stocks as Collateral – To meet out the initial margins of the future contract, stocks can be used as a collateral with the broker to take the day position or even for the positional. If you are holding stocks in your DP account, then same can be utilized as the security margin, provided such stocks are under approved list and the total value of the stocks (after haircut) is enough to meet out the margin requirement of Rs. 47,000. If you are holding A-category stock (Eg – Dr. Reddy) in your DP then 80-90% of the value of the stock can be used as a security margin. So, there is no need to deposit the cash margin or a clear ledger balance.
For traders, who don’t have any holding in their DP, and are maintaining a clear ledger balance in their trading account can buy Liquid Bees of the same value of Rs. 47,000 (i. e. 47 units) which can be used as a collateral for the margin money and same can fetch you approx 5-6% return in a year.
In year 2018-15, Liquid Bees has generated a dividend return of 5.712%. Para mais. visit Dividend Calculator of LiquidBees.
So, traders who are planning to use the DP Stock or Liquid Bees as a collateral for the margin security are required to take care of any mark to market losses, if any.
So if you have a loss in your first trading loss of say Rs. 2000, then you have to pay your broker Rs. 2000 or sell stock or liquid of the same value. But on the other side, if you have your first trading profit of say Rs. 3000, then this amount will be credited to your ledger and now you have a clear balance of Rs. 3000 to take care of any mark to market losses if any in the future. Such a strategy is best suited for day traders as they need not to maintain extra margin for trading.
Suppose, we have deposited a total capital of Rs. 50,000 for trading purposes then Rs. 47,000 will be debited in the ledger by the broker if we will carry the position overnight.
Day Traders can trade Nifty futures by getting intraday exposure provided by brokers by having only 1/3 to 1/2 margins of the actual required i. e. Rs. 15,600 – 23,500 in their ledger thus over-leveraging the leveraged vehicle but no position can be carried overnight or against the stocks holding in their DP as discussed above. (Not advisable for Beginners)
Number of Contracts to Trade?
Beginners should only start trading with one lot size (i. e.75 units) to first understand the mechanism of the market and know how well their trading strategies performs and once they start to make consistent profits from the market and their capital starts to grow then only they should increase the lot size to trade.
It should be kept in your mind that trading is a long term learning process which requires a lot of efforts on the part of the trader that can help them create and acquire long term valuable assets – Knowledge, Skills, Positive Belief, Experience and Psychological Control . These valuable assets will not only help you make money from the market but also help you learn the skills to keep them forever.
So, if you are able to double your capital and had a margin requirement fulfilled for another lot from your profits rather than adding up a fresh capital, then add with one more lot size and start trading with 150 units (i. e. 2 lots). This basically proves the fact that you are learning the trading business and now you are ready to take more responsibility for trading bigger contract size than before.
Capital protection should be the utmost priority for any trader especially when you are trading a futures market. So, every trader should develop a risk management mechanism which can help to save their seed capital and protect the profits too. Always protect your trade by using stop losses whenever you buy or sell short Nifty Futures. Traders should not ever risk more than 5% of their capital to any single trade i. e. a maximum stop loss of Rs. 2350 (47000 x 5%) or 31 points. Stop loss could also be set fixed according to risk profile of the trader.
We usually take smaller risk of 10-20 points (i. e. Rs. 750-1500) on any single trade be it day trade or positional by entering on smaller charts to take low risk trades. Then market will have to prove us wrong atleast 31 times to knock us out of his capital of Rs. 47000.
So, do not enter the trade if you cannot decide where to place your stop losses. Stop losses are your protective tool and will always keep you alive. Stop-losses works as a much better mechanism to exit the market whenever market proves your trading decision to be wrong. They serve as the best tool for any trader to remove any room for decisions based on emotional element. So, whenever a trade goes against you, you will be automatically out from the market with a predefined limited loss. Every professional trader aims to take close stop losses to better manage their capital. This require a trader to refine their trading entry plan that can help them trade and enter the market with very close stop losses.
This will generally help you to achieve a higher end of Risk : Reward ratio by taking more points when you are right and giving our small whenever you are wrong. Even a accuracy of 50% will ensure that you are profitable at the end of the year or month.
Read Article: How to use stop losses to reduce your risk? Em breve.
Read the article 12 Step-wise Trading Rules for New Traders to be Safe in the Market to frame-up and understand the most important rules and aspects of trading for the survival and growth of a trader:-
# 1. Never being too Anxious to Start Big Early.
# 2. Knowing Who You Are – A Trader or An Investor or An InvesTrader?
# 3. How to Choose & Know Your Market to Trade?
# 4. Reasons & Facts to Trade.
# 5. How Not to Screw With the Market – How to Follow the Trend of the Market?
# 6. Know Where to Place Stop losses to Protect Your Capital & Profits?
# 7. Evaluating Risk to Reward of Each Trade.
# 8. Never Changing Your Stop Losses with Good Reasons.
# 9. How to Trail Stop losses to Protect Capital & Profits?
# 10. Knowing the Reasons to Exit a Trade.
# 11. Never OverTrading.
# 12. How not to have too many Open Positions at any time?
What Returns to Expect from Nifty Trading?
It depends on the expectation of the traders. But the easiest way is to target it according to your stop loss i. e. by calculating return: risk. Beginners should focus and target on achieving 2:1 trades and as soon as your experience and market knowledge improves you can target the higher side of the Return: Risk scheme to 3:1 then 4:1 etc. This means that for every day trade, if you are taking a stop loss of 20 point, then target your profits of atleast 40 points.
But as your trading experience and knowledge starts to grow, you can strive to achieve a differnet trading style to take big trades of 100-150 points on Nifty futures with small risks of 20-30 points.
As we are trading a 10:1 leverage product, so any 1% move in BankNifty will be a 10% return on your capital.
The idea here is to strive and achieve the higher end of the Risk : Reward with more trading experience and knowledge of the market so that we can make our trading on some fronts were we have the ability to make big profits from a single trade with less managed or even no risk at all.
Read Article: Where and how to protect and book your profits? Coming Soon…
Time Frame to Trade (Whether Day Trade or Positional Trade)?
Its actually both. Try to know a market very well that it starts to talk about it by itself what it us going to do in the coming hour, or day or week or the whole month or year.
So always start with big charts because small moves are the part of the big moves. As big players prepare and trade for big moves, they undergo preparation for the few days to weeks or months as someone who is managing some $50 billion will not be entering and exiting the market very soon. It takes time for them to accumulate and distribute that is why when a trend starts it stays for long – For Days to Weeks to Months or Even Years.
It s always important to follow the big players. They are the one who knows more than us or are an expert in their business, or we should say Market Knows More Than Us. So, Always Follow The Market . When market is showing weakness – Go With It . Don’t start feeling bullish till it shows you signs of buying or bullishness.
Always start with analyzing and finding trades on the big time frames (Daily or Weekly Chart) then get into the intraday charts (continuous) 5 min, 15 min or 30 min and keep a close tab on the market movement to get a closer entry and with small risk. Then as soon as you enter the market and you have placed in your stop loss, then again go back to the bigger time frame and see how well the market is performing according to your expectations.
My style is to watch EOD, Weekly and Intra-day charts all together. Our Minute and EOD charts are always in-sync with each other. By minute chart we don’t mean we are just watching the chart for a day, rather minute chart for the whole month or two or more. As EOD don’t tells us what the market has done within, so to get a feel of it, we try to get in. So any setup on EOD charts or big 15min charts led us to enter the market on small charts and whenever we are not able to get a point what the market doing, we stick to intra day charts and trade for the day. And scalp the market..
A trader needs to have two different brains working simultaneously to get in deep of the intraday chart to understand whether the markets are showing patterns of selling as indicated by the bigger charts or when the markets are not doing so then evaluating whether to trade with the short term current patterns or wait for these patterns to get in sync with the bigger time frames.
So for day trading it would be for 50-150 points as market has an Average Daily Range of 150 points. So on an average, we can get 150 points any day.
Maintain minute charts on software like NinjaTrader or Amibroker or Metastock and analyse the past market movements to get an understanding of market movements, and its habits. Get Min data for banknifty futures from here.
Those who are working or don’t have time to watch the Markets intraday, can maintain a EOD chart on the software.
Visit the link to download Nifty Index & Index Futures Data (EOD OHLC Data – Open, High, Low & Close).
When to Trade Positional & When to Trade Intraday?
There are times when the markets are forming big setups and patterns on big charts (EOD Charts) so it becomes important for traders trade these big moves on big charts to earn big profits. These situations necessarily requires traders to look the market in bigger context and keep entering the markets in bigger way by keep on pyramiding with the favorable moves. So it becomes important to know why you are trading it? Like we have a rule while trading stocks that we never let our trading calls becomes our long term investments. Similarly we don`t have to let our day trade become our positional trade because we are fearful in booking our loss in intraday.
Therefore, it is always important to know whether you are planning to enter for intraday or positional?
Read the story of inspiration of a young dreamer who started back in 1985 at the age of 25 years with limited capital of only Rs. 5000 but with big dreams, who spent day and night to understand the rules of the games, whose courage and dedication made him a billionaire & surely one of the most followed and respected investor / trader in India & em todo o mundo. The one who broke all the fixed rules of trading and laid down the foundations for others to follow.
Some of you might be thinking this while reading the above thoughts but really intraday charts are very important because they actually help us in managing our risk. We cannot take up a risk of 200 points on Nifty futures when trading with say 750 or 15000 units. This will be a risk of Rs. 1,50,000 or Rs. 3,00,000 on a single trade.
So, whenever we are planning to achieve on trading the big lot size of the market, the only way to stay in the market is by managing the risk. So, the idea is to take risk of say average 20 points on 750 units or 1500 units and take risk of Rs. 15,000 or Rs. 30,000 by entering the markets on the smaller charts (1 Min, 5 Min or 15 Min) by having a big time view on the bigger time frames.
Even the risk stated here can be further reduced and later turned to “ Risk-Free Trade ” by following the rule of pyramiding by entering the trade in different tranches whenever the earlier position shows you a profit. Such a strategy can help you to trade any number of lots or quantity to attain biggest profits possible at No Loss.
Pyramiding Rule for Entering & Exiting the Market – Em breve.
Why Not to Trade Bank Nifty Futures?
Bank Nifty Future has a higher beta than Nifty i. e. it is more volatile than Nifty Futures or Nifty has a small Average Daily Range as compared to Bank Nifty.
For new beginners, starting with Nifty Futures will help them understand the mechanism and working of futures market as Nifty is less volatile than Bank Nifty. So, once you get insync with the trading, start to make profits, understand how to enter the market, where to place stop losses, how to exit the trade and more importantly learn to maintain calm and control on your emotions while trading then you can further extend your trading plan to trade bank nifty futures. Then its OK to trade high beta index like Bank Nifty.
Beginners can start with Nifty Futures then later supplement your study to Bank Nifty Futures.
Deciding the parameters to trade is one side of the game and getting in and applying into the market successfully is the other and yes more important one. So, before gushing in and entering the trading arena, the first and foremost thing that a trader should do is “Know Your Market” .
Back-test each technical tool you know to the bank nifty futures market and see what really works for you. Try to filter out the tools which you feel fits under your belt like retracement, double or triple tops or bottoms, etc.
The idea here is to be an expert in one market. So, its better to know more about a market then knowing some about many markets. So, start analyzing the markets on bigger as well as smaller charts and try to understand the habits and characteristics of BankNifty Futures.
Don’t trade when the markets are violent. It always make sense for traders (specially new ones) to enter into a trade when the markets are silent and exit when the markers becomes very violent. Trading volatile markets surely gives a trader an excitement and eagerness to make big profits but even many professional traders avoid trading when markets are very volatile and specially on some news days or events.
Excitement within the traders even force them to trade the violent markets by entering the long trades when the markets are having a big blow up and forgetting all their money management rules of trading with close stop losses which surely forces them to enter the market at wrong time and at wrong prices and incur big losses.
Our ultimate objective of trading Nifty Futures is to develop the trading skills that can help us be consistent in our analysis, trade implementation, execution, staying in the trade and exiting the trade with big profits in hand. So develop the real insight to trade pre-determined setups or patterns and places to get some confirmed points with big volumes and lower risk edge.
The objective is to start with Trading with one lot size of nifty futures to learn the mechanism and reach to the higher end of the Trading volumes of 750 or 1500 units or even more than that and later start with trading Bank nifty futures.
So, start with Trading one lot, make consistent profits, double your margin money and keep on increasing your lot size to trade without adding any fresh capital. So, the initial objective of any new trader trading with one lot size should be to earn Rs. 47,000 in profits so that you can achieve trading two lot size without putting any new capital. So, to achieve this objective, traders need to achieve a profit of approx. 626 points to earn Rs. 47000 in profits and reach to target of trading two lot size.
Once you achieve trading two lot size of BankNifty futures, we need to get only 313 points in profits to achieve the target of reaching three lot size and then 209 points to earn 47000 profits with 225 units and then157 points with four lot size (4x 75 units) to earn Rs. 47,000.
Suppose with trading 1 lot, you have developed your trading skill and getting consistently on an average 50 points in a trade i. e. making Rs.3750 per trade then you need not to make wide changes in your trading rules but what you need is just increase the lot size to trade (from the profits you make) and reach the higher edge of trading with say 4 lots and making some Rs. 15000 per trade.
Or even if you starts to make say 30 points per trade with 4 lot size, the. It will be Rs. 9000 per trade.
Double reward and that too with half efforts.
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3 pensamentos sobre & ldquo; How to Trade Nifty Futures? & rdquo;
good work with good purpose all the very best to all.
best guidance. Thank you, continue your work to help the traders.
Por que o Comércio Posicional é melhor do que a negociação Intraday no Futuro Nítido.
I am a full time trader and investor, having more than 9 years of trading experience in different financial assets. Tentei diferentes tipos de estratégias comerciais em diferentes ambientes de mercado. What my observation was, that positional based trading for nifty future is far more better than intraday trading in a long run. Statistically if you have large amount of data for analysis then your accuracy increases, while small amount of data may give lower accuracy.
Why positional trade:
On Nifty future intraday chart, the data is very less as compared to weekly chart which is popularly used by positional traders. This is simple proof that positional trading is far better than intraday trading. Positional trading can help to reduce the market noise from your trading portfolio. As in intraday trade there can be much volatility, which can be bad for your risk management plan. You can also do some paper trading, take 20 trades on nifty future intraday chart and 20 trades on weekly chart of nifty future. You will get very clear idea on how nifty future positional trading is much better than nifty future intraday trading.
You can now open a trading account which offers ZERO brokerage on delivery based trading.
Você deve ler isso:
Best Intraday Trading Strategy for Nifty Future, Using Technical Analysis Levels Nifty future is one of the most traded contracts on the National stock exchange (NSE), many traders follows day trading method in their trading strategy. Markets are mostly unpredictable as per their nature, but using. Industrial Output Slows Down, How to Trade Nifty Future for Intraday IIP data has been released today; we have been surprised by the data that was announced. We have seen contraction in industrial production for previous month. Market’s reaction was also in form of huge selling. Trading Nifty Future Using Slow Stochastic Indicator for Intraday and Positional Trading Market environments are always classified into 2 different types, 1. Trending Market 2. Ranging Market First we will see how to trade trending markets using slow stochastic indicator, let me show you this step by. Trade Nifty futures with lowest margin for intraday trading Nifty future has lowest margin requirement in future segment for intraday trading. Positional trading requires margin of Rs.45,000, whereas nifty future intraday trading requires margin of just Rs.10,500. This is major reason nifty future is widely. Análise de quadros de tempo múltiplos para negociação Futuro Nifty Hoje eu estou escrevendo sobre análise de vários cronogramas para negociar um futuro inteligente. Traders are always classified into 3 categories: Intraday trader Swing trader Positional trader Traders who prefer to trade on daily basis (intraday.
Bhaveek Patel é analista técnico e investidor, suas áreas de interesse incluem mercado de ações, forex e ouro.
I am not from finance background. And I am more into programming, developing automated trading systems, etc. Can you please elaborate what is positional future and how to identify. Obrigado.
sanjeev walke says.
I have gone thr ur nifty trend calculator it is amazing. What r details of positional trading techniques. pl send. Sanjeev.
Positive Asian markets as geopolitical tensions cooled off a bit influenced trading sentiments here. Besides, a fresh spell of buying by retail investors and uninterrupted buying by domestic institutional investors (DIIs) helped recover the market.
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How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level.
Trend Changer is a positional strategy for trading in Nifty Futures, Bank Nifty Futures and Stock Futures.
Trend Changer Level as its name indicates is a pivotal number which reflects the balance of power within Nifty and Bank Nifty Futures. Its a number where Bulls and Bears are Neutralized. Once either of them are able to go beyond the Trend Changer number decisively, big gains are made as seen in 04 Sep when Nifty Trend Changer level was 5430 and Nifty has been rallying hard closed at 5706 and as we write SGX is trading at 5769, gain of 340 points in 3 trading days.
But there are many occasions, a keen tussle develops at such a point to wrest back the control as was evident on 04th sept. When Bank Nifty Trend Changer level was 8982 and on 05 Sep it open at 9225 loss of 244 Points.
Where can a trade get Trend Change Level?
Trend Changer level is published everyday on the site as part of FII data analysis. It is published both for Nifty Futures and Bank Nifty Futures.
How to Trade as per Trend Changer level?
If you are an aggressive trader take position as and when NF sustains above TC level for 5 minutes keeping 20 points SL for NF and 50 points for BNF.
If you are conservative trader wait for EOD close above the levels but many times it might happen Nifty has rallied more than 50-100 points intraday and this will deter trader from taking positions.
Part Booking and TSL should be mandatory once positions comes in your favor. Trading Positions are reversed when NF and BNF starts trading below the Trend Changer level.
Trading Capital required?
As Trend Changer level is a positional strategy for trading Nifty and Bank Nifty Futures Traders should have Capital more than 1 Lakh.
Example of Trade taken.
8917,8977,9052,9017,9082 and 8981 are TC level of Bank Nifty from 30 Aug to 6 Sep. Click on Numbers to visit the post.
30 Aug longs triggered at 8917 after which Bank nifty made a high of 9250.
TSL got triggered at 9052 on 3 Aug This move gave 333 points.
Short got triggered at 9052 and Nifty made a low of 8501 on 4 sep and closed at 8899, This move gave at least 551 points and this requires part booking.
On 5 Sep BNF open gap up at 9318 and first 5 mins high of 9564 Trader should exit immediately, exited around 9450 so loss of 400 points from entry of 9052.
As per rule Trader should move back to long so trader should take position around 9500 levels and yesterday bank nifty made high of 9961.so loss of 400 points got covered in this move.
Trend Changer number should be used by positional traders who want to hold on to their positions overnight who do not take excessive leverage and have sound risk management in their trading . Traders trading on Trend Changer level should follow only Trend Changer level and ignore all other trading noises.
Do’s and Don’t while trading on Trend Changer Level.
The above example what i have discussed is an approach what professional traders does without any emotions reversing positions/doing part booking and it required lot of practices and mental toughness not being afraid of market and a good trading capital without having excessive leverage . More Importantly you should be avoiding market noises and Technical Inputs like market getting oversold/overbought.
Trader can Capture the Big moves only if you can leave your ego outside the trading room.
Can I learn how to generate Trend Changer Level.
I do personalized 1-1 training and is covered as part of my Trading Course.
Can Trend Changer be generated for Stocks also?
Yes Trend Changer number is generated for Stock also and same is covered as part of my Trading Course.
For Live Updates on Trend Changer level follow me on Facebook by clicking on Like button on this link https://facebook/pages/Brameshs-Tech/140117182685863.
40 thoughts on “ How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level ”
We keep SL in system.. If triggered and again goes above TC level we will reenter again.. If SL is triggered twice stop trading for that day…
You said that when NF sustains above TC level for 5 minutes keeping 20 points SL for NF and 50 points for BNF.
Please tell me after executed my trade should I SL put in my terminal or wait for 5 min, because sometimes price going down, SL triggered and after that, again price going up above TC level.
I clicked n the link Traning Course to understnd the TC level, however, only the course name as FII Data Analysis to find Trend Change available, but can’t open the content. Please help me with this Course.
If TC level is 19000 you need to take trade around 19050 if bank nifty is trading at 19150 you cannot take trade SL is 50 points from entry.
Please tell me regarding TC level…… as for example Bank Nifty TC level @ 19000.
Bank Nifty Sustain above above TC level @ 19150 for 5 mins a buy signal is generated. At what Price do i place the stoploss and reverse the positions? @ 18950 or 19100? Please clear the Doubt.
How to use TCL in Nifty options ??
As a trader you need to develop your rules based on your risk money management and your trading personality.
You need to find your own knack….We are providing you an initiation point which you should include in your trading plan and see if desired results are coming…
Where do one book profit after the trend changes for intraday ( position taken after 5 mins watch ) ?
or we keep the stop loss trailing and leave for the stop loss to be trigered.
In which case, we may end up buying and selling at the same price intraday.
( if say 20 points TCL applied )
SL is clearly mentioned in above post.. 20 points.
Hi Bramesh Sir, Sorry to disturb you Sir, this is Abhishek.
I had one doubt in your TC Levels for nifty. TC Level for Nifty Futures is 8663.
Say for example Nifty Sustains above 8663 for 5 mins a buy signal is generated. At what Price do we place the stoploss and reverse the positions sir? at 8643? Please clear the Doubt SIr. Obrigado.
Sir, I am very much interested regarding TC level.
Please tell me regarding TC level trading course.
As for example TC level 18000, bank nifty trade above TC level and close 18150.
Next day TC level 18050 ……
Please tell me 18050 TSL or 18000 TSL ?
TSL you can increase once trade is in profit after 20 points.
Does it mean there wouldn’t be a TSL for intraday after taking position?
Next day TC level.
How to arrive at TSL after a trade is taken using TC level?
Trailing Stop Loss.
How can I contect u.
Dear Bramesh thank you for all your technical guidance and concern towards teaching TA.
I am interested in learning ur TA course and I am from Bangalore.
Kindly send me the course details to email I’d: dev6226@gmail.
Intraday TC is used by intraday traders to take positions.
When TC is for positional trading, then why Intraday TC & Positional TC levels mentioned?
Retail traders should avoid trading in Options.
as part of risk management while trading as per tc lvls is it advisable.
to ce or pe on eod to save from gap.
up/dn opening and if so which strike?
Where to get schedule for your training courses. Do you have them online or in class room. I would like to have your schedule in Delhi.
TC levels becme TSL for next day once position is active.
How 2 generate trailing stop loss?
Retail traders should not trade in Options.
Obrigado pela sua resposta. Is the TC level effective for buying index options or is it not advisable to do so?
It needs to be used for current series only.
When you give TC levels (positional) for Nifty Future, can they be applied to the Nifty Futures of next month’s series especially around the expiry of the current contract.
It may be possible that the TC level may be higher than the future of current series and lower than the future of next series.
P. S. Please ignore if the question is lame.
Bramesh sir is a great teacher and mentor with immense practical knowledge of trading.
with full of satisfaction i have been following what he taught during training/teaching. A great help for me. I am now a much much better trader what i was before training. And continuously improving.
Pls. send details & fees of training course.
Covered in my trading course.
How much TSL should be kept for Nifty on next day (and also till final exit) after entry is initiated according to Trend Changer level.
Even i am also looking for some training. Could you please let me know if there are any possibility.
Your analysis is too good.
Do you take classes on technical analysis? I would like to learn so from you, your technical analysis are good.
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