Monday, October 8, 2012

JNSAR-Stocks for 09th Oct & BN's TT

Author: Ilango | Posted at: 4:22 PM | |

1 comments:

Chandra Sekhar Devatha on October 8, 2012 at 11:32 PM said...

Dear Ilango,

I would like to initiate banknifty future trades baed on JNSAR value but have some confusion regarding the changing premiums/discounts to spot price and how they might actually affect the trade.

I have done some analysis on the Banknifty based on JNSAR and it is best to exit/reverse when spot value moves 25 points in the opposite direction. so go long when > JNSAR + 25 and < JNSAR - 25 go short. But the problem is placing the equivalent order for the future price because the discount/premium is often changing.

I have not seen any brokerage (i have traded with ventura/sharekhan and now with zerodha) offering condition based order (if banknifty < some value trigger sell future banknifty order & vice versa). Could you suggest a way to get around this if one does not have means to monitor the index through the day..

Thanks a lot in advance.

Regards,
Chandra

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