Introduction
BSE Sensex Futures and Options (F&O) are derivative contracts that allow traders to bet on the future movements of the BSE Sensex index, which represents the performance of the 30 largest and most liquid companies listed on the Bombay Stock Exchange. Trading in BSE Sensex F&O can be a lucrative way to profit from the volatility and trends of the Indian stock market, as well as to hedge against the risks of holding individual stocks.
However, trading in BSE Sensex F&O also involves a high level of complexity, risk, and margin requirements, which can be daunting for beginners and even experienced traders. That’s why it is essential to have a reliable, user-friendly, and feature-rich trading platform that can help you execute your trades efficiently and effectively.
One such platform is the Samco App, a new generation trading app that provides a seamless and intuitive interface for F&O trading, along with access to live data, advanced charting tools, and various order types. With Samco App, you can easily manage your portfolio, monitor your trades, and make informed decisions based on the latest market information.
In this blog post, we will show you how to trade in BSE Sensex F&O using Samco App, step by step.
Step 1: Download and Login to Samco App
The first step is to download the Samco App from the Google Play Store or the Apple App Store, depending on your device. Once you have installed the app, you need to login with your credentials. If you are a new user, you need to create an account with Samco by filling out the online registration form and completing the KYC process, which you can open online in a few minutes.
Step 2: Add BSE Sensex F&O to your Watchlist
Once you have logged into the Samco App, you need to add the BSE Sensex F&O contracts that you want to trade to your Watchlist. This is where you can keep track of the prices, volumes, and other details of the F&O contracts. To add a contract to your Watchlist, tap on the search icon on the top right corner of the screen, and search for the contract name. For example, if you want to trade in the BSE Sensex futures contract expiring in December 2023, you can search for “SENSEX 70000 PE”. You can also filter the contracts by expiry date, instrument type, and exchange. Once you find the contract you want, tap on it to add it to your Watchlist.
Step 3: Preview Your Order
To order, tap on the desired contract in your Watchlist. On the Order screen, choose buy/sell, set details like type, quantity, price, validity, and product type (Limit, Market, Stop Loss, Stop Loss Market; Day, IOC; NRML, MIS, CO). View market depth, required margin, and modify/cancel orders pre-execution. Tap “Preview” to review order summary, brokerage, taxes, and net amount for your order.
Step 4: Place The Order
After confirming your order now you can execute by tapping “Quick Trade” if satisfied.
Step 5 : Receive Confirmation Message
Upon successfully placing your order, you will promptly receive a confirmation message, affirming the successful submission of your trade request.
Step 6: Monitor and Manage your
You can monitor and manage your trades from the Positions screen, which you can access by tapping on the “Positions” icon on the bottom of the screen. Here, you can see the details of your open, closed, and net positions, as well as the unrealized and realised profit or loss of your trades. You can also square off, modify, or cancel your open positions from this screen.
You can also access the Order Book screen, which shows the details of your pending, executed, and rejected orders, by tapping on the “Orders” icon on the bottom of the screen. You can also modify or cancel your pending orders from this screen.
Step 7: Analyse and Learn from your Trades
You can also use the advanced charting tools and indicators available on the Samco App to study the price movements and trends of the BSE Sensex F&O contracts. You can access the Chart screen by tapping on the “Chart” button of individual orders on the Order screen or the Watchlist screen. You can customise the chart type, time frame, and indicators according to your preference.
Conclusion
Trading in BSE Sensex F&O can be a rewarding way to capitalise on the opportunities and hedge against the risks of the Indian stock market. However, it also requires a lot of skill, knowledge, and discipline to succeed. That’s why you need a reliable and user-friendly trading platform like the Samco App, which can help you execute your trades efficiently and effectively.
If you have any questions or feedback, please feel free to contact us at support@samco.in or call us at 9122227777. Happy trading!
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