If I am not mistake, the multiplier of nifty is 50? So if the index is trading at 4779 the the nominal value is 1 lot x 4779 x 50 = 238950 Rs ?? Yet, I will need less the 30000 Rs to trade 1 lot so basically the future provides a 1:7 leverage?
Also, I see the the DEC 4700CE is trading at 96/- does that mean 96 x 50 = 4800Rs ??
Thanks
Also, I see the the DEC 4700CE is trading at 96/- does that mean 96 x 50 = 4800Rs ??
Thanks