PLease help with F&O

Ty to all for replying . I did check with the date inserted. It still did not work that is why I posted here. The trade in ifci truly doesnt exist it seems so far. I talked to my RM and mailed support @sski. My RM , who apparently knows all features of Nseindia.com apparently is not aware of just this one feature of trade verification. HE HAS THE REST OF THE SITE MEMORISED. I spent last night going through old contract notes. Apparently all the orders which were executed almost as soon as they were placed..order dala aur kuch bhi karne se pehle..koi modification ho ya kuch bhi...order instant , that very second execute ho gaya, ALL SUCH ORDERS HAVE FRAUDULENT numbers. I am waiting to talk to my RM at the end of the day. I Am JUST IN A HURRY AS NSE WILL ONLY HAVE MY RECORDS TILL THIS FRIDAY ON THEIR WEBSITE.

Take a print screen
that will help

good that u mailed support/customer care. many times the RMs themselves are the rotten mangoes and will point you in wild directions.

yes will take a print screen of " no record found" message. Also now I will take print screen of all trades shown on sski interface as conducted by me. The other day I placed a sell order of ipcl. TOLD ME NOT SOLd. then sent contract note that showed ipcl as sold. I asked RM . He said prob with server. Since I got price I wanted 352 I dint pursue. Now I know whats going on.

Hello Amrita,
If you have problem with your broker, better change.
Trading in futures is easy and profitable. For example IFCI (lot size 7875) was trading at Rs56 on 2nd august and rose to 60 plus the next day. So a profit of Rs4 multiply 7875 equals Rs 31500 is the gross profit. Still need more explanation ? I can help

I read from somewhere that brokerages can trick with market orders and pass the bad order to you and best one to their preferred clients. My suspicion is great when I see ICICI shows a market order "queued" for more than a minute.

"Ordered" means it went to NSE
"executed" means it is completed.
But what is this queued, during market hours?

Well it has help a lot
but will u please help me step wise
what are futures and options for and which is better one for making money, not for delivery purpose?
for futures there are 3 contract dates, which is the best one to choose?
theres strike price, what is that for and there is -1 mentioned , why is it so?
there are two validity option GFD and IOC, and what are they, and what are they used for?
what is limit and market and trigger price?

and for options there are two option types CA and PA. I guess it call and put. which one to choose for which purpose.
there are strike price mentioned having a specific lower and upper band, which one to choose for what purpose
rest are the same fields as futures

Well i know i have asked a lot of question but i think answering all of these will not only serve my problems but also guide many more novice like me
so please, if you could, kindly help me
regards
abhishek jain
manujain1574@*****.com

Good-for-Day (GFD) is also known as a day order. All orders are assumed to be GFD unless otherwise specified. The validity of a GFD order ends at the close of that day's Trading Period. GFD orders entered during the Post-Trading Period of a given trading day will be valid for the following trading day.

Immediate-or-Cancel (IOC) is to be filled immediately, either completely or to the extent possible; the portion that cannot be filled immediately is cancelled.


Hope i am clear here

Regards
Reon

Answering you qs one by one:
Futures and options are for trading and nothing more than that. If you believe that future price of, say, company XYZ will rise in the comming 2-3 months, you buy 2M or 3M call option in XYZ and if you believe that price will fall, you sell put option. Futures are also same. From the practical point of view, you can exercise an option any time within the expiry date, whereas futures are to be exercised only on the expiry date.

There is no such factor like one is better for making money while the other is not.

The time horizon you'll choose will depend on the time span you're studing the underlying asset upon. If all your analysis pertain to one month rise/fall in the value of the underlying asset you'll buy/sell 1M options and so on. But as a beginner, it's always good to focus on the short term. If afterwards, before the expiry date, you feel that you can afford to hold on to your investment with the hope of greater returns. you can always rollover your contract.

Strike price is simply the price at which you, being the buyer of the call option,wish to buy the asset. Say, Infosys which is trading today at Rs 1810 has 3 call options, @ 1760, 1810, 1860 for 1M, 2M and 3M. And you buy 50 contracts of Infy at 1810 strike price @ 150 premium for 2M. If now, after 15 days, Infy rises to Rs 2000, and you want to ecercise the call, you'll gain Rs (2000-1810-150)*100*50 = Rs 2,00,000. And suppose you want to wait till the expiry of the option in the hope that the price will burgeon further. But it plummets down. Then you definitely will let the contract lapsein which case you'll loose the premium paid on the contract.

When u r placing contracts, your call option will always be matched with a put option. So you have to give it some maximum waiting time or queing time before getting lapsed. If you choose the GFD option, it means Good for the Day which implies that your passive contract will be in the queue for the whole day and as soon as it gets a match it'll transform itself into an active contract. On the other hand, IOC means if the match is not found then and there, it'll get lapsed immediately.

Market price: You choose to buy the contract outright at the price prevalent in the market.
Limit price: Suppose you keep Rs X as the limit price, the contract will be bought/sold if the trading price is below/above Rs X.
Trigger: Say you put a trigger of Rs Y on a security. It means, your order will get triggered to the exchange once the security trades at the price Y.
Hope this clears your doubts.

Thanks for writing in detail,i request you please add risks also that is when ever you say you gain so much ..please say you will loose so much and you have to pay so much ...etc...after all people loose money unaware of risk .

thanks and regards
suba