Trading the Indian markets

After spending a fair amount of time in the UK, I am contemplating a return to India within the next 2-3 years, the main reason being my parents who are getting worryingly old.

Does anybody T2W regularly trade the Indian markets (stocks and derivatives)? I was not interested in trading when I was in India, so I have to catch up. I can get the EOD OHLCV data from Metastock. My main concern is about brokerage and execution. Last time I checked, trading was a fairly complicated affair for individual traders with confusing layers of commissions and other costs. I am not sure how much online facility is available, e.g., can one place stop and limit orders?

If any of you know of any resources and of any good brokers, please let me know.

Many thanks.
OM.

OpenMind said:

After spending a fair amount of time in the UK, I am contemplating a return to India within the next 2-3 years, the main reason being my parents who are getting worryingly old.

Does anybody T2W regularly trade the Indian markets (stocks and derivatives)? I was not interested in trading when I was in India, so I have to catch up. I can get the EOD OHLCV data from Metastock. My main concern is about brokerage and execution. Last time I checked, trading was a fairly complicated affair for individual traders with confusing layers of commissions and other costs. I am not sure how much online facility is available, e.g., can one place stop and limit orders?

If any of you know of any resources and of any good brokers, please let me know.

Many thanks.
OM.

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You will get answers to all your questions about the Indian markets at http://www.traderji.com

SK

If you cant get a satisfactory outcome from the indian market then you might consider Hong Kong, Singapore and Korea which are reasonably close to your desired timezone. All can be traded using IB.

Or trade Europe in the evening.

sktrader said:

You will get answers to all your questions about the Indian markets at http://www.traderji.com

SK

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Thanks so much for the link. Any more info about Indian market much appreciated.

osho67 said:

Thanks so much for the link. Any more info about Indian market much appreciated.

Click to expand...

There have been many good developments in the Indian markets in the past few years. There are many good brokerages to choose from. They have reasonably good online trading facilities. Few have standalone Java based programs for trading with real-time intraday charts (but obviously the features are nowhere near popular US based brokerages). Commissions are much more simplified but they are still based on % of the trade value. Typically they are 0.5% (one way) of the value of the position (for intraday trading it would be less - around 0.1% one way). So commissions are still high but are gradually coming down.

Futures market is quite liquid especially the NIFTY Index futures (most popular trading vehicle for intraday traders) and few of the top stock futures. The volumes are steadily increasing every month.

Few of the popular brokerages:

http://www.sharekhan.com
http://www.indiabulls.com
http://www.5paisa.com
http://www.investmentz.co.in/

Stock Exchanges:

http://www.nseindia.com
http://www.bseindia.com/

Online commodity trading also is available now with volumes rapidly rising.

Commodity Exchanges:

http://www.ncdex.com
http://www.nmce.com/
http://www.mcxindia.com/

Data / Charts Providers:

http://www.trendrider.net/
http://www.technicaltrends.com/
http://www.viratechsoftware.com
http://www.spidersoftwareindia.com/

I hope this helps, there is much more info at the link I posted above.

SK

sktrader said:

There have been many good developments in the Indian markets in the past few years. There are many good brokerages to choose from. They have reasonably good online trading facilities. Few have standalone Java based programs for trading with real-time intraday charts (but obviously the features are nowhere near popular US based brokerages). Commissions are much more simplified but they are still based on % of the trade value. Typically they are 0.5% (one way) of the value of the position (for intraday trading it would be less - around 0.1% one way). So commissions are still high but are gradually coming down.

Futures market is quite liquid especially the NIFTY Index futures (most popular trading vehicle for intraday traders) and few of the top stock futures. The volumes are steadily increasing every month.

Few of the popular brokerages:

http://www.sharekhan.com
http://www.indiabulls.com
http://www.5paisa.com
http://www.investmentz.co.in/

Stock Exchanges:

http://www.nseindia.com
http://www.bseindia.com/

Online commodity trading also is available now with volumes rapidly rising.

Commodity Exchanges:

http://www.ncdex.com
http://www.nmce.com/
http://www.mcxindia.com/

Data / Charts Providers:

http://www.trendrider.net/
http://www.technicaltrends.com/
http://www.viratechsoftware.com
http://www.spidersoftwareindia.com/

I hope this helps, there is much more info at the link I posted above.

SK

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Dear sktrader

Wonderful. You have given so much valuable information.

I had asked on traderji and two people said the margins are very high for options trading-which is what I do. Have you any experience trading Indian markets. ?

Your comments much appreciated. I am in Harrow,Middx .

osho67 said:

Dear sktrader

Wonderful. You have given so much valuable information.

I had asked on traderji and two people said the margins are very high for options trading-which is what I do. Have you any experience trading Indian markets. ?

Your comments much appreciated. I am in Harrow,Middx .

Click to expand...

Yes, I have to agree. Options margins are very high in India, it is almost like brokerages here have no idea about options. Even options spreads attract crazy margins. Options margins specified by the brokerages are much much higher than what is specified by the exchanges. There are a couple of guys on Traderji forums who actively trade options, so you might get some extra over info there.

I have been trading the Indian markets since 1.5 yrs. Before that I traded US markets for 2.5 - 3 yrs (I was working in US at that time). I currently swing trade stocks on the NSE. Trading in India has been very easy because of the bull market. Not much skill is required currently to trade here, almost 80% of the stocks are rising when market is rising. This, of course, is not sustainable and will probably end like it did in US in 2000. I keep reminding myself about this everyday when I trade.

SK

sktrader....very substantial list of items on Indian Trading....thanks for sharing it with us....

I have been trading indirectly in Indian markets via a relative who is very actively trading using advanced get software....he was earlier using MS...

I agree that trading these markets lately is more of a pot shot selection process as it is rampaging away quite nicely....

I understand from talking to friends there that it has a very active trading community and numbers are vast.......all thanks to Dhirubhai Ambani of Reliance........

India will be next bastion of global economy....it is already 5th largest ecomomy of the world....the first are - US, China, Japan and Germany...(See article in Times - 19 12 2005)

Perhaps Sharky would consider adding a BRIC economy Forum...??

Hello SKtrader
Many thanks for your help. Truly appreciated.

you can trade with good brokers

hi frend
you can trade with good brokers
you need pan(income tax account number) to trade in futures and options,for which u need to apply.
costlest broker=ICICI DIRECT for stock buying 1%,for selling 1% delivery based trades
cheapest broker=5paisa.com for stock buying 0.40%,for selling same
medium broker=indiabulls.com stock buying 0.50% with taxes,selling stock same
sharekhan.com buy brk=0.60% for stock sell same,same for hdfc.com or hdfcbank.com

for futures and options
cheapest broker=india bulls brokerage=0.05% for buying,0.05% for selling
Costliest broker=icici direct=buy 0.15% with taxes,sell same
medium broker=5paisa.com brokerage fut/options=0.066%
sharekhan.com is ok at buying =0.122%,selling same
5paisa.com has online chart
indiabulls.com has good charting
icicidirect has a good database charting is available but not very convenient

that gives a starting point
for daily market round up, read endsession commentary from
www.capitalmarket.com

best of luck
ramesh

QUOTE=OpenMind]After spending a fair amount of time in the UK, I am contemplating a return to India within the next 2-3 years, the main reason being my parents who are getting worryingly old.

Does anybody T2W regularly trade the Indian markets (stocks and derivatives)? I was not interested in trading when I was in India, so I have to catch up. I can get the EOD OHLCV data from Metastock. My main concern is about brokerage and execution. Last time I checked, trading was a fairly complicated affair for individual traders with confusing layers of commissions and other costs. I am not sure how much online facility is available, e.g., can one place stop and limit orders?

If any of you know of any resources and of any good brokers, please let me know.

Many thanks.
OM.[/QUOTE]

reply to om

you can place limit orders and stoploss orders with almost all the brokers mentioned below
ramesh

QUOTE=ramesh151]hi frend
you can trade with good brokers
you need pan(income tax account number) to trade in futures and options,for which u need to apply.
costlest broker=ICICI DIRECT for stock buying 1%,for selling 1% delivery based trades
cheapest broker=5paisa.com for stock buying 0.40%,for selling same
medium broker=indiabulls.com stock buying 0.50% with taxes,selling stock same
sharekhan.com buy brk=0.60% for stock sell same,same for hdfc.com or hdfcbank.com

for futures and options
cheapest broker=india bulls brokerage=0.05% for buying,0.05% for selling
Costliest broker=icici direct=buy 0.15% with taxes,sell same
medium broker=5paisa.com brokerage fut/options=0.066%
sharekhan.com is ok at buying =0.122%,selling same
5paisa.com has online chart
indiabulls.com has good charting
icicidirect has a good database charting is available but not very convenient

that gives a starting point
for daily market round up, read endsession commentary from
www.capitalmarket.com

best of luck
ramesh

QUOTE=OpenMind]After spending a fair amount of time in the UK, I am contemplating a return to India within the next 2-3 years, the main reason being my parents who are getting worryingly old.

Does anybody T2W regularly trade the Indian markets (stocks and derivatives)? I was not interested in trading when I was in India, so I have to catch up. I can get the EOD OHLCV data from Metastock. My main concern is about brokerage and execution. Last time I checked, trading was a fairly complicated affair for individual traders with confusing layers of commissions and other costs. I am not sure how much online facility is available, e.g., can one place stop and limit orders?

If any of you know of any resources and of any good brokers, please let me know.

Many thanks.
OM.[/QUOTE][/QUOTE]

if u need more e mail me on my email add

please e mail me if any doubts at [email protected]

OpenMind said:

After spending a fair amount of time in the UK, I am contemplating a return to India within the next 2-3 years, the main reason being my parents who are getting worryingly old.

Does anybody T2W regularly trade the Indian markets (stocks and derivatives)? I was not interested in trading when I was in India, so I have to catch up. I can get the EOD OHLCV data from Metastock. My main concern is about brokerage and execution. Last time I checked, trading was a fairly complicated affair for individual traders with confusing layers of commissions and other costs. I am not sure how much online facility is available, e.g., can one place stop and limit orders?

If any of you know of any resources and of any good brokers, please let me know.

Many thanks.
OM.

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One aspect of the Indian stock market I failed to highlight was the fact that you can short stocks only intraday. Short position in stocks is not allowed interday. I have heard that SEBI is planning to allow this in the future once the required infrastructure is in place.

SK

Ramesh151

I was reading posts on www.traderji.com and it has been mentioned that margin requirement on options is very high and brokers donot understand spreads. Your comments please. Are you trading Indian stock market?Thanks

Foreignor investing in Indian Shares?

Hi guys

Am based in the UK, but would like to buy stocks in the NSE. Are there any online brokers that would accept customers from the UK?

Thanks!!!

OpenMind said:

After spending a fair amount of time in the UK, I am contemplating a return to India within the next 2-3 years, the main reason being my parents who are getting worryingly old.

Does anybody T2W regularly trade the Indian markets (stocks and derivatives)? I was not interested in trading when I was in India, so I have to catch up. I can get the EOD OHLCV data from Metastock. My main concern is about brokerage and execution. Last time I checked, trading was a fairly complicated affair for individual traders with confusing layers of commissions and other costs. I am not sure how much online facility is available, e.g., can one place stop and limit orders?

If any of you know of any resources and of any good brokers, please let me know.

Many thanks.
OM.

Click to expand...

trading indian shares

gents,

you can trade on indian brokerage houses.
please contact for details

www.indiabulls.com
www.icicidirect.com
www.indiainfoline.com


rvlv

osho67 said:

Ramesh151

I was reading posts on www.traderji.com and it has been mentioned that margin requirement on options is very high and brokers donot understand spreads. Your comments please. Are you trading Indian stock market?Thanks

Click to expand...

1.Brokers understand spreads etc.
better go to good brokers
2.I trade indian stocks,FUTURES,not in OPTIONS
3.I recommend Indiabulls.com as they charge lowest brokerage.
For further info please visit the brokers website e mail trhem and discuss your doubts on www.traderji.com on their forum

thanks
rvlv

personally I prefer trading STOCKS darvas box theory based ways.