Nifty Future - Catch 10 Points consistantly ?

G

gonifty

New Member
#21
#21
sureshinfy said:
Dear All :) ,

Thanks for your reply. I am sorry I could not reply sooner than this.
Yea I agree with some of your comments...

BTW...
I have some A class shares & I use them for margin. So the margin capital is not a problem. I intend to hold them for long term (1 year). Then I pay total brokerage at 0.04% (All inclusive).

I am looking forward to trade 10 lots at a time. Currently trading 5 lots at a time. Suppose if I can catch ~1.5 points minimum I can come out at no loss no gain. Minimum I try for 4.5 points where as I aspire for 10 points.

So I am looking for your feedback on type of analysis required, type of charts to be used, type of indicators to be seen etc??

Best Regards
Suresh :)
Click to expand...
Hi Suresh,

To consistantly catch 10 points on nifty, you will need 2 things (you surely would be working with those).

1. Technical analysed strategy based on volume and movement. I would suggest RSI, Williams%R and MACD (probably Stochs (fast or slow??)) and a strategy around it.

2. Excellent and quick co-ordination between signal's generated and trade execution. That way you will catch the trend quite easily. I would prefer to write a s/w to help me execute such trades.

And of course if you want to catch about 10 points a day, you are not talking of overnight positions.

You will eliminate you holding costs if you provide your A group shares as margin (i know icicidirect allows that). You will have minimal brokerage with ICICI Direct (new plans) and Geojit Securities @rs 75 per contract one way.

Very intresting topic, so ask more questions and let's take this discussion further.
 
L

Lokesh

New Member
#22
#22
hi,
I think u should use daily PIVOT levels of NIFTY. If nifty opens above daily pivot then Long nifty for the target of Resistance Level 1 and vice versa.

Happy trading!!!!
 
O

oxusmorouz

Well-Known Member
#23
#23
CreditViolet said:
The average daily Nifty Future volatility per day is 55 points.What makes you think its too hard to capture 1/5th of it consistently?

CV
:eek:
Click to expand...
Hello CV,
From what I can see, capturing 20pts odd in nifty per day on a gross basis should not be a difficult task. However, on a net basis, providing for 1 nifty point of taxes and slippages, it seems a herculean task.
I'm attaching 2 equity curves, with and without taxes, trading 1 min charts with EoD exits. Considering an average of 10 bars per trade, no of trades per day is about 30 on an average and about 600 trades a month.
Looking forward to your comments on this.

Sincerely yours.
 
Last edited:
T

THETRADER

Active Member
#25
#25
rvlv said:
Hi Tanewbee
REAL BROKERAGE

EaCH BROKER FINDS A DECENT INDIRECT WAY TO SHOW LESS brokerage on the face of it but actual ultimate burden is something way much higher
fOR EXAMPLE
Indiabulls brokerage is 0.03% as they say.
nobody wants to give a higher figure.
if you see indiabulls brokerage plus taxes=0.056%=round off to 0.06%
if brokerage is 30 rupees per 1 lac, the other burdens turn out to be another 30 rupees per 1 lac
CAN INDIABULLS say that our brokerage is just 0.03% but with all taxes,stamp duty etc it comes overall to 0.06%

INDIABULLS=BURDEN ON TRADER INTRADY=0.06%

They wont ever say that.

Superficially attractive image is all everybody is bothered about.
--------------------------------------------------------
Disillusioned new traderThe poor new trader starts the day trading thinking he can make money easily as brokerage is just 30 rupees a lac but actually he needs to pay about 60 rupees. to breakeven the intraday trader needs to make a minimum of 120 rupees first even to see the taste of minor gain- if it is indiabulls

If it is ICICIDIRECT, then god save their customers, they pay brokerage 0.10% , and (because of high brokerage,high service charges 12.2% of brokerage) and because of high transaction charges ,they pay high stamp duty ,not sure(only thiose feeding ICICI can tell), ultimately a big blessing for their intraday traders at the rate of total burden of 0.13% or more

ICICIDIRECT =BURDEN ON INTRADAY TRADER= ABOVE 0.13%


sO YOU HAVE SEEN THE BIGDAADDY and small uncle.

New traders
IF you join a new broker let them give in writing all costs direct and indirect.
dont accept the rosy picture.
EACH RUPEE MADE IN INTRADAY OR OTHERWISE COMES NEVER IN EASY MANNER.A LOT OF EFFORT GOES BEHIND.

I thank traderji forum for their constant team effort trying to educate their members and go in that holy pursuit of making trading life easy.




BY ITSELF IT IS A BIG TOPIC ONLY A cA can justify and decode how each broker manages to efficiently project a simple low figure for public attraction.
-----------------------------------------------------------
ps: I hope some helpful people will soon cover it in depth,my thanks in advance.
----------------------------------------------------------
equation

ACTUAL BURDEN= BROKERAGE(BUY AND SELL)+SERVICE CHARGES+STT+STAMP DUTY
OR
ACTUAL BROKERAGE PLUS TAX BURDEN= BROKERAGE+TRANSACTION CHARGES+STAMP DUTY AT 33% OF TRANSACTION CHARGES.

Regarding brokerage costs in INDIABULLS

1.THERE IS SOMETHING WHICH GOES HIDDEN. =====STAMP DUTY
cAN you please see the statement or contract print indiabulls sends out?

brokerage=0.03%
service charges=12.2% on brokerage
STT=.015%

They give as transaction charges(may be sum of above serv charge and stt)
then stamp duty =about 33% of transaction costs
say if you paid a transaction charges of 300 rupees, 100 rupees is dumped as stamp duty. and who pays it? The Trader,of course
STAMP DUTY


rvlv
Click to expand...
Reliance Money gives the best (lowest) brokerage possible. But their trading platform is terrible, to say the least.

Brokerage Rs.0.01 per transaction (Not 0.01%)
Others, STT, Stamp duty, Turnover Tax, Sebi tax, etc., as usual.
They charge something like a licence fee in advance, which does not attract Service Tax. This amount works out to 0.0042% + 0.0042% (for buy & sell), when you buy in Rs.2500 denominations.
All this work out to just less than 2 pts for Nifty (both buy & sell together) at Nifty calculated at 5000.

But their trading platform ?
 
T

thanveer

New Member
#26
#26
Continuing the discussion about brokerage i just read that reliance money has a terrible trading platform. I wanted to aske about RKGlobal.net which advertises a brokerage of Rs.9/- per lot in futures trading. Anybody have any idea about them?
 
F

flskamal

New Member
#27
#27
this is a very good idea to earn in market. if u consistantly earn this type then u should be a crorepathi in 8years. if u double ur investment for 8times .
1. 1lakh
2. 2lakh
3. 4lakh
4. 8lakh
5. 16lakh
6. 32lakh
7. 64lakh
8. 128lakh( 1crore 28 lakh:clapping:)

if u invest 1lakh u do 4 lots of nifty .then if u earn 10points in nifty weekly 50 points monthly 200 points. 200points*50share = 10000.*4=rs 40000/month. u double ur investment in 3 months. then u should calculate how many years to remaining u become crorpathi.
 
J

jagankris

Well-Known Member
#28
#28
sureshinfy said:
Dear All :) ,

Thanks for your reply. I am sorry I could not reply sooner than this.
Yea I agree with some of your comments...

BTW...
I have some A class shares & I use them for margin. So the margin capital is not a problem. I intend to hold them for long term (1 year). Then I pay total brokerage at 0.04% (All inclusive).

I am looking forward to trade 10 lots at a time. Currently trading 5 lots at a time. Suppose if I can catch ~1.5 points minimum I can come out at no loss no gain. Minimum I try for 4.5 points where as I aspire for 10 points.

So I am looking for your feedback on type of analysis required, type of charts to be used, type of indicators to be seen etc??

Best Regards
Suresh :)
Click to expand...
Dear Suresh,

1.Just choose a low cost broker Zerodha or RKG.
2.Zerodha would be better since you are planning for scalping.
3.Trust me a simple ma crossover should be more than sufficient for this.
4.Just use discretion not to trade during sideways movements.
5.Focus more on money management.

Good luck.

Best regards,
JK
 
TraderRavi

TraderRavi

low risk profile
#29
#29
jagankris said:
Dear Suresh,

1.Just choose a low cost broker Zerodha or RKG.
2.Zerodha would be better since you are planning for scalping.
3.Trust me a simple ma crossover should be more than sufficient for this.
4.Just use discretion not to trade during sideways movements.
5.Focus more on money management.

Good luck.

Best regards,
JK
Click to expand...
hi jagan,
suresh had left trading 4 years ago in 2006, cause he cant find a good and cheap broker then..............:D
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
D NSE Changes Nifty Bank Expiry Day to Friday for Future and Options Contracts General Trading & Investing Chat 11
allex418 NIFTY/ BANK NIFTY Option Trade Tool (Buy/ Sell) based on Futures / Spot Prices Options 7
Kiranks NIFTY Weekly levels DEC 5-8 2022 DEC Future Futures 1
R Bank Nifty Futures Trading Diary 20
S Nifty Future - an attempt to catch the trend reversal Technical Analysis 10

Similar threads