NIFTY Options Trading by RAJ

[ashwinikhanna]

ICICIDirect Pay when you Profit Plan

One of my friend who is working in ICICIDirect told me that ICICIDirect has introduced a plan for NIFTY and BANKNIFTY Futures and Option where you will pay brokerage only when you make profit.

It comes with a huge margin. But the disadvantage is you will have to place a market order ?

Is anybody using this ?

I'm not using it, but I don't see any advantage in this. Their brokerage is per lot - which will eventually turn out to be too much if we have multiple lots.

Also profit is very vast term, even if we make Rs5 profit on 5 lots, we would pay brokerage of 5 lots * 80/- (400 rupees!). Doesn't make sense to me.

 

[angira]

Today 31-Dec as per OptionData

NIFTY:-

Trend Weak Bull
MAX_OI @ 8000-8400
MAX_CHG_OI @ 8200-8400

FEB'15 series:

Trend Strong Bear
MAX_OI @ 8000-9000
MAX_CHG_OI @ 7800-8400

angira..

 

[anilnegi]

Today 31-Dec as per OptionData

NIFTY:-

Trend Weak Bull
MAX_OI @ 8000-8400
MAX_CHG_OI @ 8200-8400

FEB'15 series:

Trend Strong Bear
MAX_OI @ 8000-9000
MAX_CHG_OI @ 7800-8400

angira..

Dear Angira

the 8000-8400 pair still trading around 134, did you make your trade

 

[Trader987]

One of my friend who is working in ICICIDirect told me that ICICIDirect has introduced a plan for NIFTY and BANKNIFTY Futures and Option where you will pay brokerage only when you make profit.

It comes with a huge margin. But the disadvantage is you will have to place a market order ?

Is anybody using this ?

This plan is only applicable for option trading...!
Yes Brokerage is still heavy but if you are giving preference to security means if you are trading with very big amount of money then better to go with icici other than any discount broker..!

 

[LivetoTrade]

ICICIDirect Pay when you Profit Plan

One of my friend who is working in ICICIDirect told me that ICICIDirect has introduced a plan for NIFTY and BANKNIFTY Futures and Option where you will pay brokerage only when you make profit.

It comes with a huge margin. But the disadvantage is you will have to place a market order ?

Is anybody using this ?

Received on my email today :

 

[angira]

Dear Angira

the 8000-8400 pair still trading around 134, did you make your trade

Dear anilnegi,
I've sold 8000-8400 pair on 29-Dec. near 134
Also sold 8100-8300 pair on 26-Dec. near 206

angira...

 

[angira]

Today 1-Jan as per OptionData

NIFTY:-

Trend Weak Bear
MAX_OI @ 8000-8400
MAX_CHG_OI @ 8200-8500 now trading near 140

FEB'15 series :

Trend Weak Bear
MAX_OI And MAX_CHG_OI @ 8000-9000

angira...

 

[anilnegi]

Dear anilnegi,
I've sold 8000-8400 pair on 29-Dec. near 134
Also sold 8100-8300 pair on 26-Dec. near 206

angira...

Dear Angira

i have heard about 120 but not 206, any significance of this no.

anil negi

 

[angira]

Dear Angira

i have heard about 120 but not 206, any significance of this no.

anil negi

Just wanted to try bcoz MAX_CHG_OI at that time at 8100-8300.

angira...

 

[angira]

Today 2-Jan as per OptionData

NIFTY:-

Trend Strong Bull
MAX_OI @ 8000-8400
MAX_CHG_OI @ 8400-8700

FEB'15 series

Trend Weak Bear
MAX_OI & MAX_CHG_OI @ 8000-9000

angira...