Questions On Bid/offer/sizes/spreads In Nifty Futures Market.

hello friends,

can somebody please provide their input on these questions i have about the nifty futures market?


1) what times of the day is volume heaviest?

2) and during those times what is the price gap between bid price and offer price?

3) and the number of contracts (size) available to trade at those prices?

4) 1 full point on 1 future contract is 100 rupees correct?

5) this means if i bought future at 2950 and sold at 2951 i would make 100 rupees?

6) so if i can buy 100 contracts, each point movement will be worth 10 thousand rupees correct?

7) is there any internet website that shows live prices AND THE size on the bid and offer? (size meaning the number of contracts available to trade at that price)

thanks,
rahul.

1. Volumes are heaviest around 11am-12pm once the market has settled down, and people are eager to get in/out of stocks. Volumes could also be heavier at some other time due to news flow.

2. Bid ask spread would depend on the stock price. A 1 rupee spread on a 100 rupee stock is 1%, but on a 1000 rupee stock is only 0.1%. The average bid-ask spread would be approx. 0.15% of the stock price.

3. Number of contracts available to trade would depend on the stock/ time of day etc. Only around 40 stocks have futures traded volumes in excess of Rs. 100 cr. a day.

4. No! 1 point is 1 rupee. To calculate your gain or loss, multiply the point change with the lot size.

5. No! You would make 1 * lot size.

6. No! multiply 100 with the lot size to get the number of shares controlled. To calculate gain/ loss multiply this figure with the point change.

7. Go to the NSE site www.nseindia.com

i am specifically asking about the nifty index futures contract, not the single stock futures.