Asked by: Linnie Lucenilla
personal finance options

What is the support level of Nifty?

Last Updated: 20th June, 2020

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As long as it holds above 28,000 level,Nifty may witness an upward move towards 28,550 and then28,750 levels, while on the downside, supports are seen at28,000 and then 27,750 levels.

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Also to know is, what is resistance level and support level in stocks?

The support and resistance (S&R) arespecific price points on a chart which are expected to attractmaximum amount of either buying or selling. The supportprice is a price at which one can expect more buyers than sellers.Likewise the resistance price is a price at which one canexpect more sellers than buyers.

what is Earnometer? WWW.EARNOMETER.COM gives you complete trendanalysis reports of Shares, Commodity,Currency,Derivatives(Future& Options) for Intraday and Delivery( Short, Medium and Longterm) for Indian Stock Market. In short Earnometer is theone-stop solution for a trader/investor.

Thereof, what is Bank Nifty Future?

Bank Nifty Future is a derivative contract tradedon National Stock Exchange of India (NSE) whose underlying isBank Nifty Index. This means that Bank Nifty futureswill derive its value from the BankNifty index which in turnis dependent upon the movement of top banking stocks in theindex.

What is pivot point in trading?

Pivot points are used by traders in equityand commodity exchanges. They're calculated based on the high, low,and closing prices of previous trading sessions, and they'reused to predict support and resistance levels in the current orupcoming session.

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Can I buy Bank Nifty?

Like the Nifty, those bullish on banks can buyBank Nifty futures comprising 30 shares, or buy a calloption on Bank Nifty. Bears can similarly short orsell Bank Nifty futures or buy a put option on theindex.

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What is CE & PE?

PE = put European. Basically its contract. IF youbuy 5200 nifty CE means you bought contract to buy nifty at5200 at expiry. In India options are cash settled . so at expiry ifnifty is 5300 then 100 is your profit ( - premium i.e. price ofcontract).

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How can I get profit in Bank Nifty?

To sell a same nifty options contract, tradershave to pay around = nifty future margin of 58,800/-plus 7500 rupee premium amount = 66,300/- rupees. Niftyfuture profit loss will be calculated like this:Nifty future buy call 9800 to 9900 mintedprofit +100 points and its 1 point is equivalent to 75rupees.

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What is Bank Nifty expiry?

BANKNIFTY monthly options contracts expireon the last Thursday of the expiry month and weekly optionscontracts expire on every Thursday of the week. If the lastThursday is a trading holiday, the contracts expire on theprevious trading day.

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Can we buy and sell Nifty?

Yes you can buy nifty as an index buyinvesting in index funds or Index ETF . Yes,it is possible tobuy Nifty 50, but you can only buy Nifty 50 infuture and option not in cash.There is a contract in future andoption,the expiry date of every contract is the last thursday ofeverymonth.

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What is lot size of Bank Nifty?

Effective from today, Bank Nifty lot size hasbeen changed from 40 to 20. If you have an existing position withone lot of 40, your position will now be for 2 lotsof 20 units. The maximum size per order (order freezequantity) remains the same at 2500 (125 lots).

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How many types of Nifty are there?

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A futures contract allows you to buy or sell anunderlying stock or index at a preset price for delivery on afuture date. A call option gives a buyer the right topurchase an underlying stock or index at a preset price during acontract's liquid life -- a month or also week in case of BankNifty.

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