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| Discuss Margin for Nifty at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Can anyone tell me what is the margin required to trade one Nifty Future.... |
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#1
21st September 2005, 09:58 AM
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Margin for Nifty
Can anyone tell me what is the margin required to trade one Nifty Future.
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#2
21st September 2005, 12:29 PM
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Re: Margin for Nifty
The Initial Margin (as of today morning) to buy one Nifty futures contract is Rs. 12819. That works out to around 5% of the contract value.
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#3
21st September 2005, 12:34 PM
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Re: Margin for Nifty
Hi,
I am paying around Rs.24000/- as the span margin to buy 1 lot of nifty futures and brokerage is around Rs.280/-(both buy and sell and tax). Am I paying more??? Can anybody suggest me a better deal if there is one? Thanks, Usha
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#4
21st September 2005, 12:40 PM
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Re: Margin for Nifty
As per SPAN, the margin to buy 100 Nifties (1 lot) today morning is Rs. 12819. Your broker is taking almost 10% of the contract value as Initial Margin. The broker has to collect atleast the SPAN margin, anything more the broker can decide on. Just a way to prevent default in case of abrupt market movements.
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#5
21st September 2005, 01:14 PM
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Re: Margin for Nifty
Quote:
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#6
21st September 2005, 01:20 PM
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Re: Margin for Nifty
Quote:
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#7
21st September 2005, 01:31 PM
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Re: Margin for Nifty
Quote:
Hi Ivan I checked in my account. if i have to buy a one lot of Nifty suppose @ 2500 then i have to give a rs=25000/- so how % it is.. its 10%?? and its same as others charged? Last edited by VICKY_SEEKINGINR; 21st September 2005 at 01:38 PM. Reason: Insertion of %
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#8
21st September 2005, 01:37 PM
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Re: Margin for Nifty
Exactly. Your broker is charging you a 10% Initial Margin, while as per SPAN (required by NSE) the margin requirement is Rs 12500, which will work out to around 5% of the contract value. Your broker is just taking extra Initial Margin to prevent against default.
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#9
21st September 2005, 01:42 PM
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Re: Margin for Nifty
Quote:
At present my broker is indiabulls.. and can i talk with them regarding 5% Extra Margin requirements.
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#10
21st September 2005, 01:56 PM
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Re: Margin for Nifty
I guess you can speak to them, but dont know if they will reduce the Initial Margin. Its a risk containment measure for them, and since they cater to the retail crowd, they'll be loath to reduce the Initial Margin.
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