hi guys am interested in knowing more on india markets and especially index futures there which i guess is the Nifty. Would be great if you could pitch in.
1) Is there historical data for Index on Breadth and other instruments such as shown here. This is ofcourse mainly for US mrkts but wondering if there is something similar.
2) What are the Direct Access systems available to the retail trader.
3) What kind of Market Internals do you use. Here I can think of Breadth (ADD/ADSPD..etc), Tick...etc
4) What futures instruments can be traded. How long can you hold these for.
5) Who provides the best feed. Is this Net based / Leased ?
Starting of with few q's. But will be great to hear some thoughts.
Also may spend a few days there in Mumbai last wk march//1st wk april and would love to chat up. If interested and possible pls ping.
The following user says Thank You to paps for this post:
4) Index & Equity (Futures & Options) max 3 months (Near/Next/Far)contracts, contracts expire on last thursday of every month. Most of the activity >90% in near futures only. search nseindia.com
For agri commodities NCDEX ,for metals & energy comm MCX, Currency & Interest Rate futures NSE BSE & MCX-SX .
5) For retail traders e-signal is the best out there along with some local data provider.
The following 2 users say Thank You to Bharatiya for this post:
You can access the nifty market by trading the SGX Nifty futures contract. Its a good proxy for the underlying traded in India, which to trade that contract you meet a lot of local regulations, if memory serves me correctly you have to documented onshore with an Indian based broker and a few other restrictions. The SGX Nifty trades good volume during the cash hours even though it is open before and after the cash session. With SGX products you can access them through most FCM's and even IB's. Some hedge funds and asset managers trade the SGX Nifty because they don't meet the requirements to trade the onshore Nifty contract.
Indian retail traders are still in dark ages.
We don't have access to any advanced utilities such as Ninja/MC etc...
None of these software have any Indian broker integration.
Yes IB launched in India some years back they are costly compared to local brokers.
But you can use their integration with Ninja I guess.
TBT datafeed is a dream. The only thing available to public is Level1 feed including esignal.
So people still use time based chart. The level1 feed so poor that the OHLC values of time based charts are often wrong.
Nifty Tick size : 0.05
Nifty 1 Lot size(current) : 75 Qty (1 lot is equivalent to 1 contract here The lot size may change if nifty value changes significantly )
Nifty Current Value : 7129.35 ( just to give some idea)
Nifty Tick Size value : 0.05 * 75 = 3.75 Rupees = $0.06
avg daily Volatility range currently : around 100 to 150 points
avg daily volume : 100K to 150K Lots
This is snapshot of DOM(sorry no ladder DOM)
You have to divide the Qty by 75 to get the number of lots.
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I am curious why interested in nifty?
btw this is my first post here.
Last edited by bpr0; February 11th, 2016 at 02:07 AM.