Nifty Futures Trading

[rkkarnani]

Re: Time to Stick my Neck Out ,Nifty 7300

Which is your broker now? If its .01% its cheap
And also did you enroll for a RT data provider? Which one are you using now and how much do you pay?
Once again congratulations for your trades for the day!!!!

Regards

Thanks again for taking time to wish him well!!!

 

[rkkarnani]

Re: Time to Stick my Neck Out ,Nifty 7300

many times i have seen here your posts about your daily trading. sometimes you exit at 8 or 10 points profit and still consider it a profitable trade. i am surprised how can you afford it. (dont you pay brokerage and taxes)

Hello rkripal, its workable if you save 12 points per lot only. It comes to Rs.600/- and the 0.01 brokergae at Nifty level 5100 should come to Rs.120/- or at 0.02 it would be around Rs.172/-
One still saves at 0.01% a sum of Rs.480/- and at 0.02% the Net profit wud be 428/-
GKPC bot and sold 28 lots and gained around 200 nifty points. i.e. 50X200=10000/- less expenses at 120X28=3360, net saved about 6000+
The best part is that for intraday square off brokers insist on only half the margine!!!!
At 0.02% brokerage the profit today wud be ~5200/-

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Thanks again for taking time to wish him well!!!

Sir,
You do not have to thank me for that... I am embarrased!
I do not have words, to describe my feelings to get a thank message from you for gkpc(Gautam) success!
You are really unbeleivable..... Sir!
Need a mentor in mylife too....
Infact I should thank you that you created such a nice trader who has inspired so many over here...
Thanks to Asish Da also to share his system
And ofcourse Thanks to Gautam toooooo ... for taking out time of his trades to post the levels live over here!

Regards

 

[rkripal]

Re: Time to Stick my Neck Out ,Nifty 7300

I as a rule used to exit at 10 points, 8 was a rare thing when the target was near a round figure like 4900/4800/5000 etc.
Now i exit at minimum 12 points. I pay 0.01% brokerage + charges. Now plan to take rkglobal account where it shall still be cheaper!!!
Yes, 12 points profit turns out to be net net profitable!!!
Thanks

do they ask for huge turnover for such low rates??

thanks
rkripal

 

[rkripal]

Re: Time to Stick my Neck Out ,Nifty 7300

Hello rkripal, its workable if you save 12 points per lot only. It comes to Rs.600/- and the 0.01 brokergae at Nifty level 5100 should come to Rs.120/- or at 0.02 it would be around Rs.172/-
One still saves at 0.01% a sum of Rs.480/- and at 0.02% the Net profit wud be 428/-
GKPC bot and sold 28 lots and gained around 200 nifty points. i.e. 50X200=10000/- less expenses at 120X28=3360, net saved about 6000+
The best part is that for intraday square off brokers insist on only half the margine!!!!
At 0.02% brokerage the profit today wud be ~5200/-

Hello sir,
thanks for your kind reply, but what about other taxes?
dont you think it would be more profitable to trade in equities because it looks much easier to get 5 to 8 points move in 1500 to 1800 rs share than 12 to 15 points in 5100 nifty.

hope you clear the clouds of doubts from my mind.

rkripal

 

[rkkarnani]

Re: Time to Stick my Neck Out ,Nifty 7300

Hello sir,
thanks for your kind reply, but what about other taxes?
dont you think it would be more profitable to trade in equities because it looks much easier to get 5 to 8 points move in 1500 to 1800 rs share than 12 to 15 points in 5100 nifty.

hope you clear the clouds of doubts from my mind.

rkripal

Yes there was indeed some error, i probably overlooked Service Tax on brokerge.
Well I may be wrong, do counter check : On Nifty say at 5000, Buy and sell charges are as follows
Brokerage 0.01% : 25+25
Service tax : 3.09+3.09
STT : 0 + 42.50
NSE charges : 8+8
Stamp Duty : 5+5
Total charges for buying and selling one lot of Nifty at 5000/- shall come to approx. Rs.125/-.

About your query why not trade in some other stock in cash to gain more.... you may be 100% correct but I never traded or analysed any other stock or future so cannot comment.
Have always traded the Nifty hence the focus on the same. Will look forward to input from you in this regard.
Thanks for your input and suggestions.
Regards
R K Karnani

 

[vvvv]

Re: Time to Stick my Neck Out ,Nifty 7300

the main reason tht people trade on the index is tht it is not possible to manipulate the index..u can manipulate the stock movement on any particular day but the index..well no1 wud do it...just imagine manipulating 40 - 50 stocks at 1 go ....
& nowadays ull find maybe hundreds of harshad mehta & kehtan parekh trading everyday...when u read the eod charts u know sumthing must have happened.but then ull always be late to catch it.
correct me if im wrong

 

[rkkarnani]

Re: Time to Stick my Neck Out ,Nifty 7300

the main reason tht people trade on the index is tht it is not possible to manipulate the index..u can manipulate the stock movement on any particular day but the index..well no1 wud do it...just imagine manipulating 40 - 50 stocks at 1 go ....
& nowadays ull find maybe hundreds of harshad mehta & kehtan parekh trading everyday...when u read the eod charts u know sumthing must have happened.but then ull always be late to catch it.
correct me if im wrong

Hello, I also may be wrong but my view, Nifty cannot be manipulated but Yes!! Nifty future MAY BE prone to manipulation!!!! The premium/discount vis a vis the spot nifty has its own stort to tell!!!
BUT again yes, its much much more difficult to manipulate it.

 

[beginner_av]

Re: Time to Stick my Neck Out ,Nifty 7300

Nifty future has big and crazy battles, particularly on expiry day...whether you call it manipulation or just defending calls and puts written is upto you members. And many days you may see a small move on the opposite side before the true move unfolds. That is a practice followed by big players worldwide.

 

[beginner_av]

Re: Time to Stick my Neck Out ,Nifty 7300

I as a rule used to exit at 10 points, 8 was a rare thing when the target was near a round figure like 4900/4800/5000 etc.
Now i exit at minimum 12 points. I pay 0.01% brokerage + charges. Now plan to take rkglobal account where it shall still be cheaper!!!
Yes, 12 points profit turns out to be net net profitable!!!
Thanks

Be careful before you shift to RK Global. Talk to milkyblack before taking any such decision. Today June NF futures was frozen, no price update for more than 30 mins.