📌From 11th Jan - NSE launching the one new Index on derivatives side that available for trade on Future and Option.
📌Nifty Financial services Index and this index contain the 20 stock and stock will be there from 6 sector but all those related to financial sector only.
📌This Nifty Financial index highly volatility as compare to Nifty but less volatility as compare to Nifty Bank. if we talk about the co-relation side 92% there with nifty and 97% with bank nifty.
📌Contract specification - NIFTY Financial and Tick size 0.05 and lot size @ 40
📌This index having weekly expiry there in future contract. this is 1st time happening that future having weekly expiry as well as monthly. Option also having monthly and weekly.
📌Cash settlement at expiry like Nifty and Bank nifty having there.