Nifty is the index of NATIONAL STOCK EXCHANGE ( NSE ) of India, in which there are top 50 listed companies from different sectors.
Nifty is widely traded in Indian markets . Nifty has a high volume and high volatility.
Due to high volume and high volatility nifty is very popular intraday product.
Nifty is good for intraday as well as swing trading. You can take profits in Nifty in both short and long positions.
one lot of Nifty equals 75 quantity. Nifty can be traded minimum of at least one lot of 75 quantities.
Nifty has a expiry contract of one month.There are total twelve expiry contracts in a year. Every Thursday of last week in a month there is a expiry of Nifty.
You can hold your position in nifty future for maximum of one months i e 30 days. If you don’t square-off your position within 30 days then exchange will square-off you position on the expiry day i e last Thursday of every month.
Banknifty index is the index traded on NATIONAL STOCK EXCHANGE ( NSE ) of India, Based on the prices of twelve banks.
Same as Nifty Banknifty is also widely traded product. Banknifty also has high volatility and high volume. Banknifty is a intraday as well as swing trading product. One lot of Banknifty equals 30 quantity .
Same as Nifty , Banknifty also has twelve expiry contracts in a year and it also has a expiry on last Thursday of every month. we can hold position maximum 30 days.
If you do not squareoff your position till last day of expiry then exchange will square-off the position and settle the cantract.
Market Time for Nifty Banknifty trading is Monday to Friday 9.15 am to 3.30 pm