Nifty Futures Trading

milkyblack · #**3911** 17th April 2008, 03:06 PM

Quote:

Originally Posted by uasish

Stopped in profit (+ 3.95) points.

Ashish Da how many lots one should trade in inraday? As u take the trades very fast... with small gains.... so for a good gain in Rupee terms... how many should be taken... If it is not personal with u, how many do u take?

Regards

uasish · #**3912** 17th April 2008, 03:30 PM

Quote:

Originally Posted by milkyblack

Ashish Da how many lots one should trade in inraday? As u take the trades very fast... with small gains.... so for a good gain in Rupee terms... how many should be taken... If it is not personal with u, how many do u take?

Regards

It depends upon the confidence one has on his/her Signals generated.
For me i am still in old days 1 Lot is still 100 units for me & 1 trade in 100 multiples.
Now-a-days Brokerage can be as Low as Rs 999.00 for any No of trades for entire month.
Hence it has become easier to enter & exit always in Profit.
It only counts at the end of day how many points it is,with all your trades for the day,for me anything above 15 for a day is Good.

new2sm · #**3913** 17th April 2008, 03:31 PM

guys I have some query reg. Futures. Since I am unaware of how Futures work and only currently deal in Options thus my questions.

1. If I buy 1 lot Nifty Future when NF is at 4950 and sell when NF reaches 4960. I will get 50*10 i.e 500 rs.?
2. Will I still be charged MTM?
3. If yes then how is the net calculation done? as in am I in profit or loss in the above transaction.
4. How to Discounts affect a Future transaction. For instance if I buy something when Nifty was in Discount and sell when it is in premium do I make profit. I think so but asking just for clarification.

Hoping my naive questions dont sound that stupid. Thanks for answering.

milkyblack · #**3914** 17th April 2008, 03:34 PM

Quote:

Originally Posted by uasish

It depends upon the confidence one has on his/her Signals generated.
For me i am still in old days 1 Lot is still 100 units for me & 1 trade in 100 multiples.
Now-a-days Brokerage can be as Low as Rs 999.00 for any No of trades for entire month.
Hence it has become easier to enter & exit always in Profit.
It only counts at the end of day how many points it is,with all your trades for the day,for me anything above 15 for a day is Good.

Good Ashish Da...

u r a good trader... But who is providing brokerage for Rs 999 unlimited No. of trades... does one need to qualify for a minimum TO?

Regards

nagendra_gb · #**3915** 17th April 2008, 03:34 PM

Quote:

Originally Posted by uasish

It depends upon the confidence one has on his/her Signals generated.
For me i am still in old days 1 Lot is still 100 units for me & 1 trade in 100 multiples.
Now-a-days Brokerage can be as Low as Rs 999.00 for any No of trades for entire month.
Hence it has become easier to enter & exit always in Profit.
It only counts at the end of day how many points it is,with all your trades for the day,for me anything above 15 for a day is Good.

999 per month, which broker are u talking about ? please let me know am paying so much mony to brokerage in icici

milind · #**3916** 17th April 2008, 04:35 PM

Quote:

Originally Posted by uasish

It depends upon the confidence one has on his/her Signals generated.
For me i am still in old days 1 Lot is still 100 units for me & 1 trade in 100 multiples.
Now-a-days Brokerage can be as Low as Rs 999.00 for any No of trades for entire month.
Hence it has become easier to enter & exit always in Profit.
It only counts at the end of day how many points it is,with all your trades for the day,for me anything above 15 for a day is Good.

Which broker gives monthly flat brokerage, and that too - just Rs999? I am making my broker far richer than that.

-- Milind

darsh_goswami · #**3917** 17th April 2008, 06:18 PM

dear milind ,..

As far as i know RK Global provides it in cash market .. for future markets there is 9 rs per lot ..
please do inquire about it..
Regards,..
Darsh

uasish · #**3918** 17th April 2008, 06:50 PM

Quote:

Originally Posted by milkyblack

Good Ashish Da...

u r a good trader... But who is providing brokerage for Rs 999 unlimited No. of trades... does one need to qualify for a minimum TO?

Regards

There are 2 ways,either you negotiate hard on the basis of TO ,it can come down to 1-2 points of Nifty Fut.
OR
You go for Rs 999.00 for entire months fixed brokerage .

Darsh is right it is R. K. Global.

nagendra_gb · #**3919** 17th April 2008, 06:56 PM

Bad luck in Bangalore it is not there , other than that any other brokerages which charges less ?

uasish · #**3920** 17th April 2008, 07:01 PM

Quote:

Originally Posted by nagendra_gb

Bad luck in Bangalore it is not there , other than that any other brokerages which charges less ?

Actually 13 months ago this was refered to me by a Bangalorian.