Futures in Stock Market 📊
Understanding Futures Contracts 📈
Futures అంటే future date లో predetermined price వద్ద underlying asset ని buy లేదా sell చేయాలని agree చేసుకునే contract. FinViraj.com experts ప్రకారం, stock market లో futures trading చాలా popular derivative instrument. ఇది leverage provide చేస్తుంది మరియు hedging opportunities ఇస్తుంది.
How Stock Futures Work? ⚙️
Contract Specifications:
FinViraj.com analysis ప్రకారం Indian stock futures:
- Lot Size: Minimum trading quantity (varies by stock)
- Expiry: నెల చివరి Thursday
- Settlement: Cash settlement (physical delivery లేదు)
- Margin: 10-20% of contract value
Price Discovery:
Futures price spot price కంటే premium లేదా discount లో trade అవుతుంది. Cost of carry, dividends, interest rates futures pricing ని influence చేస్తాయి.
Types of Futures in Indian Market 🎯
Index Futures:
FinViraj.com లో explain చేసినట్లుగా:
- Nifty Futures: Nifty 50 index based
- Bank Nifty Futures: Banking sector index
- Sensex Futures: BSE 30 stocks index
- Sectoral Futures: IT, Pharma, Auto sectors
Stock Futures:
Individual company shares మీద based futures contracts. Large cap stocks లో mainly available ఉంటాయి.
Currency Futures:
USD-INR, EUR-INR, GBP-INR, JPY-INR pairs లో trading possible.
Benefits of Futures Trading 🚀
Leverage Advantage:
FinViraj.com strategy ప్రకారం, తక్కువ margin తో large positions take చేయవచ్చు. Example: ₹10 lakh worth position కోసం ₹1-2 lakh margin sufficient.
Hedging Opportunities:
Existing stock portfolio ని protect చేయడానికి futures use చేయవచ్చు. Market decline అయితే futures short positions నుండి profits offset losses.
Price Discovery:
Futures markets efficient price discovery provide చేస్తాయి. Future expectations current prices లో reflect అవుతాయి.
Liquidity:
FinViraj.com data ప్రకారం, futures markets high liquidity provide చేస్తాయి. Easy entry/exit possible.
Risks in Futures Trading ⚠️
Leverage Risk:
High leverage వల్ల profits amplify అవుతాయి, కానీ losses కూడా magnify అవుతాయి. FinViraj.com experts careful position sizing recommend చేస్తారు.
Mark-to-Market:
Daily P&L settlement జరుగుతుంది. Adverse moves అయితే additional margin requirements face చేయాలి.
Expiry Risk:
Contract expiry ముందు positions square off చేయాలి లేదా rollover చేయాలి.
Volatility Risk:
Market volatility increase అయితే margin requirements spike అవుతాయి.
Futures Trading Strategies 📊
Directional Trading:
FinViraj.com popular strategies:
- Long Futures: Bullish view అయితే buy
- Short Futures: Bearish view అయితే sell
- Spread Trading: Different expiry months between arbitrage
Hedging Strategies:
- Portfolio Hedge: Index futures short చేసి portfolio protect చేయడం
- Stock Hedge: Individual stock futures opposite position
Arbitrage Opportunities:
FinViraj.com advanced techniques:
- Cash-Futures Arbitrage: Spot మరియు futures price differences
- Calendar Spreads: Different expiry months price differences
Margin Requirements & Settlement 💰
Initial Margin:
Position open చేయడానికి required minimum amount. FinViraj.com calculate చేసినట్లుగా, generally 10-20% of contract value.
Maintenance Margin:
Position maintain చేయడానికి minimum balance. Initial margin కంటే తక్కువ.
Mark-to-Market Settlement:
Daily basis లో P&L settlement. Profit credits, loss debits automatically జరుగుతుంది.
Key Differences: Futures vs Cash Market 📋
FinViraj.com comparison:
Capital Efficiency:
Futures లో తక్కువ capital తో large exposure possible.
Settlement:
Cash market లో T+2 settlement, futures లో daily MTM.
Holding Period:
Cash market లో unlimited holding, futures లో expiry limit ఉంది.
Risk Management in Futures 🛡️
Position Sizing:
FinViraj.com rule: Portfolio యొక్క 20-30% మాత్రమే futures లో allocate చేయండి.
Stop Loss:
Technical levels based stop loss mandatory. Leverage వల్ల quick losses avoid చేయండి.
Diversification:
Single contract లో entire capital invest చేయవద్దు. Multiple uncorrelated positions maintain చేయండి.
Tax Implications 💡
Business Income:
FinViraj.com tax analysis ప్రకారం, futures trading business income గా treat అవుతుంది. Normal slab rates apply అవుతాయి.
Audit Requirements:
Annual turnover ₹2 crores మించితే tax audit mandatory.
Getting Started with Futures 🎯
Prerequisites:
FinViraj.com checklist:
- Futures & Options trading enabled demat account
- Sufficient capital and risk tolerance
- Basic technical analysis knowledge
- Risk management understanding
Learning Path:
- FinViraj.com futures course complete చేయండి
- Paper trading practice చేయండి
- Small positions తో start చేయండి
- Gradually expertise develop చేయండి
Futures trading powerful tool అవుతుంది proper knowledge మరియు discipline తో. FinViraj.com లో ఇలాంటి advanced derivatives trading strategies కోసం regular గా visit చేయండి! 🚀
