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How to trade with FNO Call

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  #1  
Old 22nd January 2010, 10:30 AM
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Default How to trade with FNO Call

I am intermediate trader in NSE and have good knowledge in how to trade in cash market. However I am new to derivatives and I want to know how to trade with FNO calls. Basically I am not from economical or financial education background and thus I can not do technical and fundamental analysis (lol)...I just trade with my friend and some reliable sites' tips (I am earning handsome profit too). Here are my doubts:

Example Tip: Buy 1 Lot of STER (NSE FNO RATE) @800 TG 808 SL 795

1) While adding the security in my watch list, it shows three expiry dates...what should i choose? (Religare trading A/C)...

2) While clicking the "Buy" button, the exchange shows as FONSE and not NSE, it that Ok?

3) Again three Expiry dates shown in the buy window, which one should i choose....I do 100% intraday, in this case, can i choose any one expiry date???

4) Qty = 1 means 1 LOT right?

5) Where I can see how many shares per lot?

Please reply.

P.S: Please do not criticize/scold me if these questions are irrelevant or silly.....



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  #2  
Old 22nd January 2010, 04:07 PM
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Default Re: How to trade with FNO Call

Quote:
Originally Posted by mrshaana View Post
I am intermediate trader in NSE and have good knowledge in how to trade in cash market. However I am new to derivatives and I want to know how to trade with FNO calls. Basically I am not from economical or financial education background and thus I can not do technical and fundamental analysis (lol)...I just trade with my friend and some reliable sites' tips (I am earning handsome profit too). Here are my doubts:

Example Tip: Buy 1 Lot of STER (NSE FNO RATE) @800 TG 808 SL 795

1) While adding the security in my watch list, it shows three expiry dates...what should i choose? (Religare trading A/C)...

2) While clicking the "Buy" button, the exchange shows as FONSE and not NSE, it that Ok?

3) Again three Expiry dates shown in the buy window, which one should i choose....I do 100% intraday, in this case, can i choose any one expiry date???

4) Qty = 1 means 1 LOT right?

5) Where I can see how many shares per lot?

Please reply.

P.S: Please do not criticize/scold me if these questions are irrelevant or silly.....
Hi,
There is nothing silly about asking questions.
1. date choose the near month.. 28/1/2010
2.fonse is ok
3. ans 1
4.1 means 1 lot
5. shares per lot- check nse futures segment.

Having explained, It would be better to avoid Futures, that too intraday. Tips and calls dont make you money

Last edited by rajeshn2007; 22nd January 2010 at 05:22 PM.
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Old 22nd January 2010, 04:44 PM
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Default Re: How to trade with FNO Call

Thanks for the reply Rajesh...
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Old 22nd January 2010, 05:30 PM
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Default Re: How to trade with FNO Call

Hello,
i have gone through the above question and answers about trading in Futures.I may make a mention that i am also new to futures trading. However i am thinking to try futures by using Amibrokers Automated software with buy/sell Signal .You may peruse the demo for the software at 'www.intradayanalysis.in'.I have yet to purchase the software.If anybody has any experience for trading in futures with above or any other automated software i may be enlightened.
ASHUTOSH850

Last edited by ASHUTOSH850; 22nd January 2010 at 05:34 PM. Reason: there is distance in two words of intraday analysis which may make site to be misled.
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Old 23rd January 2010, 08:23 AM
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Default Re: How to trade with FNO Call

Hello:
I have been trading options in the US markets, where the standard is, 1 contract = 100 shares. Also I am accustomed to picking the strike prices where the delta = 0.7. I am so confused in NSE, where there is no fixed number of shares per contract and I don't know where to look for the Greeks (Delta, Gamma etc). Can somebody tell what’s the logic behind this?

Also I find the Brokerage charges by some brokers are a rip off. Can someone suggest a reliable broker with reasonable brokerages?

Thanks

Vasu


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