Hi. I am a beginner to trading nifty futures. Kindly tell me the difference in trading these two: Nifty 50 and Nifty Jul fut. Also why is one registered as NSE and future registered as nfo .
Is the brokerage and taxes charged different? Which is better to trade intraday.
The NIFTY 50 is the index value. You cannot buy or sell the index directly.
You can trade the NIFTY 50 index using the index derivative contracts you find in the NFO Category
Three mostly used Contracts for NIFTY 50 INDEX are Current month Contract, Next month Contract and Far month Contract.
The brokerage and taxes remain the same , irrespective of the month it expires.
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Thank you this helped a lot.