Beginner Q&A on Stock Market

[>take]

Hi All,

I am starting new topic for all the new starter's of stock market. Please ask your qustions/queries on stock market. Will try to answer with best of my knowledge.

>Take

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[Raj]

What is NIFTY?

[GenNext]

I have two queries -
1- What is upper circuit?
2- What is BTST?

[>take]

What is NIFTY?

NSE Index Fifty

I have two queries -
1- What is upper circuit?

Upper Circuit is the limit (percentage) upto which a share can go high in a particular day.
eg. the UC limit is 5% for STC
so if it is 1000 bucks today. It can go maximum by only 5% or 50 rupees on this day!Ithe share gets locked and no more buying can take place.

2- What is BTST?

Buy today sell tommorrow

[Natraj]

Thanks >Take for this thread
Can anyone answers the below questions:-
1. What is Short?
2. What is Position?

[CONFUSED]

1. What is Short?

To understand this first look at Long, Long is when you have bought a stock, when you think that the stock would move upward. While Short is when you have sold a stock(even if you dont own it), when you think that the stock would move downward.
You cannot carry stock short beyond intraday, but can carry short position in futures and options.

2. What is Position?

When you buy and sell a stock you are having a 'position' in those stocks. Either long or short.

[CONFUSED]

You will get answers of your queries online on ICICIDirect -
http://content.icicidirect.com/learn.../coursemap.htm

[tigershark]

You will get answers of your queries online on ICICIDirect -
http://content.icicidirect.com/learn.../coursemap.htm

Thanks Confused for the Link
I have one query -
What is square off?

[Sumant]

I have two basic questions. Please answer when you have time -
What are Futures?
How they are different from shares?

Thanks in advance!

[Expert]

What are Futures?

A 'Future' is a contract to buy or sell the underlying asset for a specific price at a pre-determined time. If you buy a futures contract, it means that you promise to pay the price of the asset at a specified time. If you sell a future, you effectively make a promise to transfer the asset to the buyer of the future at a specified price at a particular time.