Day Trading Stocks & Futures

[timepass]

re: Day trading Nifty & Banknifty Futures

Now we may see increased turnover in the currency segment.

RBI allows foreign players to hedge currency risk

ENS Economic Bureau Posted online: Saturday, Jun 21, 2014 at 0000 hrs
Mumbai : The Reserve Bank of India has allowed foreign portfolio investors (FPIs) and domestic players to hedge their currency risk without any underlying exposure up to $10 million.

The central bank has also set a limit of $10 million on banks’ proprietary positions in the exchange traded currency futures.

In July last year, at the peak of the rupee crisis, the RBI had barred all banks from taking any proprietary positions in the currency futures market. FPIs can take position — both long (bought) as well as short (sold) — in foreign currency up to $10 million or equivalent per exchange without having to establish existence of any underlying exposure. The limit will be both day-end as well as intra-day, it said in a notification.

“An FPI cannot take a short position beyond $10 million at any time and to take a long position beyond $10 million in any exchange, it will be required to have an underlying exposure,” the RBI said. RBI’s move will make Indian market more liberal for foreign investors, said an analyst.

FPIs will be able to hedge the currency risk arising out of the market value of their exposure to Indian debt and equity securities. “Such investors can participate in the currency futures/exchange traded options market through any registered or recognised trading member of the exchange concerned,” the RBI said.

The RBI said the responsibility of ensuring the existence of the underlying exposure will rest with the foreign investor.

Similarly, the RBI said domestic participants will be allowed to take a long as well as short position up to $10 million per exchange without having to establish the existence of any underlying exposure. “For the purpose of convenience, exchanges may prescribe a fixed limit for the contracts in currencies other than US dollar such that the limit is within the equivalent of $10 million,” it said.

The RBI said domestic participants who want to take a position exceeding $ 10 million in the ETCD (exchange traded currency derivative market) market will have to establish the existence of an underlying exposure.
http://www.financialexpress.com/story-print/1262883

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

@Ahh.... Time to form TP & TR currency associates

 

[Obelixtrader]

re: Day trading Nifty & Banknifty Futures

I hope that soon will be trading with currency futures traded on NSE of India for foreign retail traders that have account with Interactivebrokers allowed.

 

[candle]

re: Day trading Nifty & Banknifty Futures

Dear Friends,

A download speed of say 10 MBps means that 10 MB of data will be downloaded to our end in one second. Now this speed depends upon many factors like :
1. availability of bandwidth (varries with your download plan)
2. data traffic at that instant (causes slower during peak uses hours)
3. distance from the source ( that is why ur speed test from diff websites shows difference in speed)


Now as far as our requirement is concerned; we need to download tick data from NSE servers. This tick data is nothing but just numbers. ( remember no audio/video or heavy files). So entire tick data for all the scripts of NSE in one second will hardly weight few hundreds of KBs. (1MB = 1024 KB).


10MBps of speed is equivalent to downloading of (say) an audio song of 10 MB in just 1 sec.

We really do not need that much of speed in real time. Although what we need is a reliable and consistent download link. So focus on the real requirement.


Choice is yours.....


regards.
candle.

 

[pakatil]

re: Day trading Nifty & Banknifty Futures

Network speed always measured in bps......bits per sec, Data in Bytes.

1 Byte = 8 bits.....

so....10 Mbps of speed means 1.25 MBps of data.

Q is not about speed required for trading, but the anomolies of speed testing.

 

[Somatung]

re: Day trading Nifty & Banknifty Futures

Network speed always measured in bps......bits per sec, Data in Bytes.

1 Byte = 8 bits.....

so....10 Mbps of speed means 1.25 MBps of data.

Q is not about speed required for trading, but the anomolies of speed testing.

If you can listen to speed king, then your speed is enough :clapping: :clap:

https://www.youtube.com/watch?v=paODo8xCO_o

 

[candle]

re: Day trading Nifty & Banknifty Futures

those anamolies are due to the location of the servers of those websites where one has done speed testing. The farther the location of the server, the lesser will be the speed. And that is why different websites are showing different results.

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

anybody remember the ISDN line of bsnl with 128kb ? Internet cafe with 4 PC shared with this liine

 

[candle]

re: Day trading Nifty & Banknifty Futures

anybody remember the ISDN line of bsnl with 128kb ? Internet cafe with 4 PC shared with this liine

Jaaaane kahaaaaan Gaye Woh Dinnnnnn .....

 

[sabharwal_RK]

re: Day trading Nifty & Banknifty Futures

Guys I wish to trade with a weeks time period.

Which TF should I use is 15m correct?

Also book suggested for swing trading?

Please reply although I am a member but I hope seniors could help me (breif answers are also welcome)

Thanks

Please reply when time