A futures contract is a forward contract Alex DeBrincat Jersey , which is traded on an Exchange. Bank Nifty futures contract would be based on the index Bank Nifty where the underlying index is Bank nifty. It comprises of most liquid banking stocks listed on National stock exchange. So this particular index provides trader, investor and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. The bank nifty index comprises of 12 (private and public) most liquid stocks from banking sector which trade on National Stock Exchange.
Like the Nifty fut Expiry
Same as Nifty future contract, Bank nifty Future contracts expire on the last Thursday of the expiry month. If last Thursday is a trading holiday, the contracts expire on the previous trading day.
Base price and Price bands
Base price of Bank Nifty futures contracts on the first day of trading would be theoretical futures price. The base price of the contracts on subsequent trading days would be the daily settlement price of the futures contracts.
Price bands
There is no day minimum or maximum price ranges applicable for Bank nifty futures contracts. However Jonathan Toews Blackhawks Jersey , in order to prevent erroneous order entry by trading members, operating ranges are kept at +- 10 %. In respect of orders which have come under price freeze, members would be required to confirm to the Exchange that there is no inadvertent error in the order entry and that the order is genuine. On such confirmation the Exchange may approve such order.
Beta of Bank Nifty is more than Nifty Duncan Keith Blackhawks Jersey , so it is more volatile than Nifty. Most technical trader generally tracks Bank Nifty Trend to monitor the banking stock performance.
Mr. Arthur Jackson, Technical Analyst and Founder of Nifty Trend providing trading advisory services in Bank Nifty Trend, Equity Patrick Kane Jersey Sale , Derivatives and Commodity market. He also made a guest appearance in various workshops which were conducted on stock market awareness.
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