Nifty Trading

By Author: sanjaykhushwa
Total Articles: 1
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When it comes to nifty equity, trading has been so easy since there are no limits as in nifty future or nifty options. Also it’s important for the traders to note that the stocks bought for intraday could be converted to holdings thus for delivery. Traders can also square off their positions at regular intervals as per their time and price requirement. After logging into the terminal, the initial step that has to be done is to add nifty to market watch. For this, one needs to select an option called index which contains all trading indexes like nifty, bank nifty, cnx it etc. Thereafter it prompts you to select the category, equity, future or options. After the successful selection of equity, press ok for the scrip to get added in the market watch. There is no selection of expiry as in nifty futures. In general shortcuts available for all the trading terminals are functional keys, f1 to buy and f2 to sell. Traders are requested to make an important note here that before pressing the functional keys, make sure that the right scrip, nifty is selected because if the selection is on the other stock, it might take functional keys ...
... to the respective stock. Parameters which are needed to enter are quantity to buy or sell and price where the orders needs to be triggered. There are two types of nifty orders that can be placed in the terminal. One is to buy at current market price which is also called as market price and the second being trigger price. If trader needs to buy at current price, one can enter current price or leave blank for the nifty order to get execute immediately. If needs to execute the order at certain price, he/she has to check the box called trigger price and enter the price where the order has to be executed. If the price in the market reaches the trigger price, the placed order gets executed else at the end of the trading day, all pending orders get’s cancelled. Also the next important thing is placing nifty target and nifty Stoploss. Just as trigger, target too has a limit price and trigger price. To avoid confusion, enter both the values same as the price where one needs to place their target or Stoploss. Last but not the least, it’s very important once again to note that once the nifty target gets executed, never forget to remove the Stoploss and vice versa as if nifty takes sharp turn there is a possibility of both the orders to get trigger.

Trading in nifty, nifty equity, nifty futures, nifty options and nifty tips order execution especially in day trading is very profitable when compared to stock trading. For other information, contact us for any queries.