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.....
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.....