This product is about positional trading in Equity Futures where all the trades recommended would have a holding period of 10-20 days.
This product is suitable for traders who THINK BIGGER TREND AND ARE LOOKING TO WIN BIG. Traders who want capital appreciation, increased ROI with using leveraging and avoid day gyrations of the market can opt for this product.
Trades would be given from stocks in NSEFO segment. The trades could be either Long or Short. Long trades are where we buy first and sell at higher price, here we believe prices to rise and short trades are where we sell first and then buy at a lower price, here we believe prices to drop.
The Trades would be generated from in-depth Technical and derivative analysis of the price, trend-structure, support-resistances, momentum, open interest activity, Volatility of the underlying, Roll-overs and larger trend forecasting techniques.
Risk: Reward is another major criteria which is taken into consideration and we strive to make traders comfortable and at ease by providing low risk high reward trade.
The risk: reward for this product shall be 1:1 for first target and 1:2 for second target. Minimum reward on the stock would be 5%. However it would be differently for indices like for Nifty it would be minimum 2% and for Banknifty it would be min 2.25%.
With respect to number of open trading positions, at any point of time we shall have a maximum of 3 open positions. And therefore the ideal Margin required to participate in this product shall be 9lakh. Traders can take trades in multiple lots based on the their capital size but for reference calculation purpose we shall show Profit and Loss based on one lot of trade.
- What is Elite Future?
Elite Future is the product in which one have to buy the future for the horizon of 20 days. Mainly such recommendation are provided after few days of expiry
- From which universe stock is selected?
We look for the suitable risk-reward criteria, check classical technical analysis, Dow theory, Rollover data and other technical aspects. Stock must be out of Ban period.
- What is the maximum number of open trades?
- What is Risk-Reward criteria?
Risk –Reward is minimum 5% with 1:1 and 1:2 ratio.
- What is Margin Requirement?
Margin requirement for the product is 9 lakh.
- Is it necessary to trade in all recommendation?
Yes to match with our P&L one has to trade in all recommendation
- How Profit and loss will be calculated?
Profit and loss will be calculated on per lot basis.