Basics on Nifty Futures

[swarooponline]

Hello

I was new to trading. I have a small doubt about trading nifty futures. I want to buy nifty futures at present rate. how much margin/money do i require to buy them. how it is calculated?

 

[nifty]

Hello,

If you buy mini nifty lot at 5370 then you will have to maintain minimum 13000 Rs (around 11% of 5370*20) as margin money. Tommorow if nifty close @ 5200 means -179 then you will have to collect 3400 (170*20) Rs on your account to maintain margin for one lot of mini nifty.

If you square off mini nifty at 5400 (+30) then you will have profit of 30*20 = 600 rs. If your broker is charging you 0.04% then brokerage will be around 110 so you will have net profit of 600-110 = 490 rs.

Happy Trading...

Trading Nifty Future...