Nifty Futures Trading

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

wah wah jio sitting on good profits. SL 4840

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

SL hit. 56 + 35 Pts Profit on last trade.

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

long from 4840 1 lot

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

sold @ cost. did not have guts to trade. waiting for confirmation.

 

[milkyblack]

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/-

Dear Rkk Sir,

Could you plz explain your point of half the margin in case of Intraday! Did you mean that with normal margin of abt 25k... we can trade 2 lots of NF for intraday... if it is so it is such a wonderful thing
Which broker allows to do this? Really looking forward towards it if ofcourse the brokerage is also cheap

Regards

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Regret not posting trades live, shall post as and when get time....

Just do not regret! Keep trading!

Good Wishes to you!

Regards

 

[rkkarnani]

Re: Time to Stick my Neck Out ,Nifty 7300

Dear Rkk Sir,

Could you plz explain your point of half the margin in case of Intraday! Did you mean that with normal margin of abt 25k... we can trade 2 lots of NF for intraday... if it is so it is such a wonderful thing
Which broker allows to do this? Really looking forward towards it if ofcourse the brokerage is also cheap

Regards

Hello Milky, Yes, I think most of the brokers where you develop a rappo over a period would allow this facility. I trade with known people where I am given quiet a lot of facilities not normally available but that is not the on going thing.
Recently I was negotiating with India Bulls, they have agreed to HALF margine but trade needs to close EOD.....they added a Bonus : In case some position remained , and there was margine defecit, they will ask for a cheque after market and would not insist on squaring the trade!!!
Just ask about it, maybe some people may ask for 55 or 60% and insist on squaring at 3.00 or 3.15!!!! But am sure many, rather most of the broking houses would allow it. Milky there is a keen competition out there and we can seek some bargains if not more.
Thanks
R K Karnani

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Hello Milky, Yes, I think most of the brokers where you develop a rappo over a period would allow this facility. I trade with known people where I am given quiet a lot of facilities not normally available but that is not the on going thing.
Recently I was negotiating with India Bulls, they have agreed to HALF margine but trade needs to close EOD.....they added a Bonus : In case some position remained , and there was margine defecit, they will ask for a cheque after market and would not insist on squaring the trade!!!
Just ask about it, maybe some people may ask for 55 or 60% and insist on squaring at 3.00 or 3.15!!!! But am sure many, rather most of the broking houses would allow it. Milky there is a keen competition out there and we can seek some bargains if not more.
Thanks
R K Karnani

Thanks a lot Sir, for your input in this matter... As you mentioned... keen competition... and got to bargain to extract the best out of them
Even a margin of 55 to 60 % as mentioned by you would be good for IntraDay...
Once again Thanks !

Regards

 

[hari09omkar]

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

The main reason is not the manipulation....index is also 'fought' between big guys.To me the main reasons are two:
1.It's highly liquid.
2.It's the market.It decides the direction of many stocks many a times.But the reverse may not be rue always.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

The Resistance zone = 4885 to 4890.00 & Support = 4872 to 4862.00