Nifty Futures Trading
- Thread starter uasish
- Start date
- Tags nifty futures nifty intraday trading
- Status
Today another daily pink paper reported about this as first page headline (DNA MONEY)...
It goes on to add that 8am mock trades are already underway, and this may come into effect by next week itself!!!
I used to think earlier (in my initial days) that 10 am to 3:30pm (5.50 hours) working hours is fine for me and my family instead of regular "job" hours of 9 to 5 (8hours)...
now, after this 8am Nifty trading start (NEW RULE IS ONLY FOR NIFTY & DEFTY FUTURES TRADING, and not any other scrip), it will be nearly 7.50 working hours now for me
My MBA friends will have the last laugh now
(wonder why our business TV channels have no talk about this new timing - even they will be affected)
It goes on to add that 8am mock trades are already underway, and this may come into effect by next week itself!!!
I used to think earlier (in my initial days) that 10 am to 3:30pm (5.50 hours) working hours is fine for me and my family instead of regular "job" hours of 9 to 5 (8hours)...
now, after this 8am Nifty trading start (NEW RULE IS ONLY FOR NIFTY & DEFTY FUTURES TRADING, and not any other scrip), it will be nearly 7.50 working hours now for me
My MBA friends will have the last laugh now
(wonder why our business TV channels have no talk about this new timing - even they will be affected)
Hey could some1 elaborate more on this ? Are these just rumors or what ?
N how would the trading go on ... i mean like normal style or these futures would be somewhat similar to US futures with low volumes ?
Hope this helps arnav...
MUMBAI: The National Stock Exchange (NSE) is set to open trading in Nifty futures contracts at 8.00 am, nearly two hours before the stock market opens for trade.
The move is aimed at reducing the considerable time advantage enjoyed by Nifty futures in the Singapore Exchange (SGX). SGX offers SGX CNX Nifty futures, which are dollar-denominated derivative contracts with Nifty as the underlying.
Sources close to the development told DNA Money that mock trades were underway and the trading could begin as early as Monday next.
Exchange sources, who did not want to be named, confirmed that tests were on, but refused to divulge the exact timing of the launch.
This is the latest in a series of attempts by the country’s largest exchange to protect its business from increasing
competition at home and abroad. Earlier last week, NSE launched the Defty futures
contract, which is a dollar-denominated version of the Nifty, also targeted at the SGX Nifty.
Trading in these contracts commences at 9.00 am Singapore time. Since Singapore is 2.30 hours ahead of IST, this gives a trader nearly 3.30 hours advantage in trading.
Also, trading in the product closed at 6.15 pm Singapore time, almost corresponding with the close of trading in India at 3.30 pm IST.
Volumes have been picking up steadily for the Singapore contract over the month as international traders enjoy facilities such as cross-margining among other products available on SGX, such as Nikkei Futures and MSCI Taiwan, besides the time advantage.
MUMBAI: The National Stock Exchange (NSE) is set to open trading in Nifty futures contracts at 8.00 am, nearly two hours before the stock market opens for trade.
The move is aimed at reducing the considerable time advantage enjoyed by Nifty futures in the Singapore Exchange (SGX). SGX offers SGX CNX Nifty futures, which are dollar-denominated derivative contracts with Nifty as the underlying.
Sources close to the development told DNA Money that mock trades were underway and the trading could begin as early as Monday next.
Exchange sources, who did not want to be named, confirmed that tests were on, but refused to divulge the exact timing of the launch.
This is the latest in a series of attempts by the country’s largest exchange to protect its business from increasing
competition at home and abroad. Earlier last week, NSE launched the Defty futures
contract, which is a dollar-denominated version of the Nifty, also targeted at the SGX Nifty.
Trading in these contracts commences at 9.00 am Singapore time. Since Singapore is 2.30 hours ahead of IST, this gives a trader nearly 3.30 hours advantage in trading.
Also, trading in the product closed at 6.15 pm Singapore time, almost corresponding with the close of trading in India at 3.30 pm IST.
Volumes have been picking up steadily for the Singapore contract over the month as international traders enjoy facilities such as cross-margining among other products available on SGX, such as Nikkei Futures and MSCI Taiwan, besides the time advantage.
14 period RSI levels at close yesterday:
EOD = 69
60min = 72
5min = 86!!!
Opening more TSQs will give cue to profit-booking...
with such high RSIs, our GIRAFFE is more "thirsty" than "hungry"...!!!
anyway, let price movement confirm this first...
Today's Classical Pivot levels are as good as chartical levels:
Res: 3090 / 3131 / 3195
Pivot: 3027
Supp: 2985 / 2922 / 2880
Chartically, the previous mountain peaks are
SPOT 3122 / 3147 / 3161
EOD = 69
60min = 72
5min = 86!!!
Opening more TSQs will give cue to profit-booking...
with such high RSIs, our GIRAFFE is more "thirsty" than "hungry"...!!!
anyway, let price movement confirm this first...
Today's Classical Pivot levels are as good as chartical levels:
Res: 3090 / 3131 / 3195
Pivot: 3027
Supp: 2985 / 2922 / 2880
Chartically, the previous mountain peaks are
SPOT 3122 / 3147 / 3161
Last edited:
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
|
Trading Nifty Futures for intraday | Futures | 1 | |
| Y | Trading nifty futures | Members Discussion Forums | 0 | |
|
Re: Day trading Nifty & Stock Futures | General Trading & Investing Chat | 1 | |
| A | Trading Nifty futures with Alchemist | Trading Diary | 2 | |
|
Day Trading Nifty Futures only | Derivatives | 107 |
Similar threads
-
-
-
Re: Day trading Nifty & Stock Futures
- Started by Smart_trade
- Replies: 1
-
-