Can u explain with example how to place order of future or option ?
Lets see Bharti as an example
I saw some thing on nse as below
1) FUTSTK BHARTIARTL 29OCT2008 - - 718.00 652.00 738.45 696.85 19506 33524.47 697.80
2) OPTSTK BHARTIARTL 29OCT2008 CA 800.00 7.80 2.70 10.55 5.05 263 529.49 697.80)
Pls explain how we place order and what is the difference in 1 and 2
BUZZ,
indicates
your are
dealing with
stock futures.............stock name.expiry date........highprice..lowprice..previousprice..AveragePrice(?)
.......................................................................................................................No.ofTrades..Traded value..Settlement price
....................................................CALL OPTION..Strike price
indicates
your are
dealing with
stock options.............stock name.expiry date........highprice..lowprice..previousprice..AveragePrice(?)
.......................................................................................................................No.ofTrades..Traded value..Settlement price
Futures order placing is similar to EQUITIES.The only difference is you can buy shares in multiples of ONE.But in case of Futures ,you have to buy in multiple of LOTS. Each lot changes from share to share.If my memory serves well the lot size of Bharti is 250.That means you can but Bharti futures in terms of 250 shares
(250,500,750.1000...........................).
In case of option you have CALL option and PUT option. It is indicated by letters CA and PA.CA means they are bullish over the counter.PA means they have BEARISH outlook.In your example you have taken CA option.