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Nifty Trading Ideas: Market Profile


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Nifty Trading Ideas: Market Profile

  #21 (permalink)
getthattradingedg
Nagpur, Maharashtra, India
 
Posts: 29 since Oct 2015
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romajc View Post
Interesting thread. I have been very interested in market profile recently. What platform are you using?

Been trying to find a platform with market profile and a DOM as feature rich as OEC.

Well thanks for the reply. I am using a custom AFL for Amibroker.
No DOM facility here.
You can give Ninja Trader a try with Fin-Alg Market Profile program

Regards
Aniruddha

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  #22 (permalink)
getthattradingedg
Nagpur, Maharashtra, India
 
Posts: 29 since Oct 2015
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  #23 (permalink)
 
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 paps 
SF Bay Area + CA/US
 
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Hi there...interesting thread. Would love to follow along and understand your thoughts on nifty.

Could you be so kind and give some background on Nifty markets/futures in general:

a) what is lot size
b) can this be held overnight
c) what is the point size
d) what is daily avg volume for nifty
e) since nifty is futures am guessing most are using direct market access platforms
f) who moves prices. I see your have used the term spike trading. Are you referring to hfts or algos...and if so is there a way to detect presence of algos in the nifty market. Since this is a derivates market does it track or corelate to any market internals or any other index futures.

Cheers

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  #24 (permalink)
getthattradingedg
Nagpur, Maharashtra, India
 
Posts: 29 since Oct 2015
Thanks Given: 4
Thanks Received: 10


paps View Post
Hi there...interesting thread. Would love to follow along and understand your thoughts on nifty.

Could you be so kind and give some background on Nifty markets/futures in general:

a) what is lot size
b) can this be held overnight
c) what is the point size
d) what is daily avg volume for nifty
e) since nifty is futures am guessing most are using direct market access platforms
f) who moves prices. I see your have used the term spike trading. Are you referring to hfts or algos...and if so is there a way to detect presence of algos in the nifty market. Since this is a derivates market does it track or corelate to any market internals or any other index futures.

Cheers

@paps

Nifty is traded on National Stock Exchange (India).
Its Lot Size is 75.
One point move is equal to 75. But the tick size is 0.05.
Daily average volume on current month futures is around 3-3.5 million shares.
You can get access to Nifty futures through a registered brokers.
If you have access to level 2 data, which is provided by some data providers you can track algos ( I personally do not track it).
FII (Foreign Institutional Investors) are major players followed by DII (Domestic Institutional Investors).
Another major index traded is Banknifty, which has significant effect on Nifty movement.

Please tell me if you need any more information.

Regards

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  #25 (permalink)
getthattradingedg
Nagpur, Maharashtra, India
 
Posts: 29 since Oct 2015
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  #26 (permalink)
Tommip
Rybnik Polska
 
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But sadly as a foreign retail investors we cant trade futures.Geojit was trying to offer stock trading for foreigners but there is still too hard to do it.So as a result - India is still closed for us ...

Permissible transactions

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  #27 (permalink)
getthattradingedg
Nagpur, Maharashtra, India
 
Posts: 29 since Oct 2015
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Tommip View Post
But sadly as a foreign retail investors we cant trade futures.Geojit was trying to offer stock trading for foreigners but there is still too hard to do it.So as a result - India is still closed for us ...

Permissible transactions

Sad to hear that, but we can continue to monitor this from a learning perspective.

Regards
DeAn

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  #28 (permalink)
getthattradingedg
Nagpur, Maharashtra, India
 
Posts: 29 since Oct 2015
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  #29 (permalink)
getthattradingedg
Nagpur, Maharashtra, India
 
Posts: 29 since Oct 2015
Thanks Given: 4
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  #30 (permalink)
getthattradingedg
Nagpur, Maharashtra, India
 
Posts: 29 since Oct 2015
Thanks Given: 4
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Last Updated on February 10, 2016


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