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Practise with market stories and review your choices.

• Choose a Paper Trading market
• How Paper Trading works
• Make your own Paper Trading market
• My money and trades

  Your practice money and trades stay in this browser.

• NIFTY option desk: Paper Trading

Read the goal, index, time and setup of each market story.

• Unfamiliar market scenario
• Trend with interruptions scenario
• Range with uncertain escape scenario
• Break then reversal scenario
• Opening gap and follow-through scenario
• Weekly time decay scenario
• Weekly versus monthly scenario
• BANKNIFTY month comparison scenario
• Volatility compresses scenario
• Volatility expands scenario
• Calendar reaches front expiry scenario
• Diagonal and skew change scenario
• Condor under a larger move scenario
• Uncovered option gap scenario
• Spread and partial-fill stress scenario
• OI does not choose direction scenario
• Expiry OI migration scenario
• Protection expires first scenario
• Two indices diverge scenario
• Futures mark-to-market and roll scenario
• Costs across many trades scenario
• Recovery after drawdown scenario
• What OI counts scenario
• A NIFTY week, start to finish scenario
• Midweek, quiet market scenario
• Thursday with a trend scenario
• Friday into the weekend scenario
• The day before expiry scenario
• NIFTY expiry day scenario
• Expiry-day afternoon scenario
• Choppy expiry day scenario
• A sharp fall on expiry day scenario
• Holiday week: expiry on Monday scenario
• A quiet NIFTY week scenario
• A trending NIFTY week scenario
• A nervous NIFTY week scenario
• Early in the BANKNIFTY month scenario
• First week of a BANKNIFTY month scenario
• Mid-month BANKNIFTY scenario
• BANKNIFTY expiry week scenario
• Choppy BANKNIFTY expiry day scenario
• BANKNIFTY expiry afternoon scenario
• A whole BANKNIFTY month scenario
• A nervous BANKNIFTY fortnight scenario
• Same Tuesday, two clocks scenario
• Monthly expiry for both scenario
• A stressed week scenario

Choose an exam series and plan your study.

• Accounting and Taxation — NISM Series I
• Accounting and Taxation — NISM Series VIII
• Accounting and Taxation — NISM Series XVI
• Accounting and Taxation of Interest Rate Derivatives — NISM Series IV
• Accounting, Valuation and Taxation — NISM Series V-A
• Application of Futures — NISM Series VIII
• Application of Options — NISM Series VIII
• Basics of Derivatives — NISM Series VIII
• Case Study - Valuation — NISM Series XV
• Clearing Process — NISM Series VII
• Clearing Settlement and Risk Management of Commodity Derivatives — NISM Series XVI
• Clearing, Settlement and Risk Management — NISM Series VIII
• Clearing, Settlement and Risk Management in Exchange Traded Currency Derivatives — NISM Series I
• Clearing, Settlement and Risk Management of Interest Rate Derivatives — NISM Series IV
• Code of Conduct and Investor Protection Measures — NISM Series XVI
• Code of Conduct and Investor Protection Measures in Interest Rate Derivatives — NISM Series IV
• Codes of Conduct and Investor Protection Measures — NISM Series I
• Collective Investment Vehicles — NISM Series XXI-A
• Commodity Futures — NISM Series XVI
• Commodity Indices — NISM Series XVI
• Commodity Options — NISM Series XVI
• Company Analysis – Business and Governance — NISM Series XV
• Company Analysis – Financial Analysis — NISM Series XV
• Corporate Actions — NISM Series XV
• Debt Management and Loans — NISM Series X-A
• Depository and its Business Partners — NISM Series VI
• Derivatives — NISM Series XXI-A
• Economic Analysis — NISM Series XV
• Ethical Issues — NISM Series X-A
• Evaluating the Financial Position of Clients — NISM Series X-A
• Exchange Traded Currency Futures — NISM Series I
• Exchange Traded Currency Options — NISM Series I
• Exchange Traded Interest Rate Futures — NISM Series IV
• Exchange Traded Interest Rate Options — NISM Series IV
• Foreign Exchange Derivatives — NISM Series I
• Foreign Portfolio Investors (FPI) — NISM Series VI
• Forwards and Futures — NISM Series VIII
• Functions of Depository Participant – Account Opening — NISM Series VI
• Functions of Depository Participant – Account Operations — NISM Series VI
• Functions of Depository Participant – Dematerialisation — NISM Series VI
• Functions of Depository Participant – Trading and Settlement — NISM Series VI
• Functions of Depository Participant – Transmission and Nomination — NISM Series VI
• Fundamental analysis of commodities — NISM Series XV
• Fundamentals of Research — NISM Series XV
• Fundamentals of Risk and Return — NISM Series XV
• Grievance Redress Mechanism — NISM Series X-A
• Industry Analysis — NISM Series XV
• Interest Rate Derivatives — NISM Series IV
• Introduction to Commodity Markets — NISM Series XVI
• Introduction to Currency Markets — NISM Series I
• Introduction to Depository — NISM Series VI
• Introduction to Interest Rate, Interest Rate Instruments and Fixed Income Market — NISM Series IV
• Introduction to Investment — NISM Series X-A
• Introduction to Modern Portfolio Theory — NISM Series X-A
• Introduction to Options — NISM Series VIII
• Introduction to Personal Financial Planning — NISM Series X-A
• Introduction to Research Analyst Profession — NISM Series XV
• Introduction to Securities Broking Operations — NISM Series VII
• Introduction to Securities Market — NISM Series XV
• Introduction to Securities Markets — NISM Series XXI-A
• Introduction to the Indian Capital Market — NISM Series VI
• Introduction to the Indian Financial Markets — NISM Series X-A
• Introduction to the Securities Market — NISM Series VII
• Investing in Fixed Income Securities — NISM Series X-A
• Investing in Fixed Income Securities — NISM Series XXI-A
• Investing in Stocks — NISM Series X-A
• Investing in Stocks — NISM Series XXI-A
• Investment Landscape — NISM Series V-A
• Investments — NISM Series XXI-A
• Investor Grievances and Arbitration — NISM Series VII
• Investor Services — NISM Series V-A
• Investor Services — NISM Series VI
• Key Regulations — NISM Series X-A
• Legal & Regulatory Environment of Commodity Derivatives — NISM Series XVI
• Legal and Regulatory Environment — NISM Series V-A
• Legal and Regulatory Environment — NISM Series VIII
• Legal and Regulatory Environment — NISM Series XV
• Market Participants in the Securities Market — NISM Series VII
• Mutual Fund Products — NISM Series V-A
• Mutual Funds — NISM Series X-A
• NISM certifications
• NISM Series VIII syllabus
• Operational Aspects of Investment Management — NISM Series X-A
• Operational Aspects of Portfolio Managers — NISM Series XXI-A
• Other Services Provided by Brokers — NISM Series VII
• Overview of Alternative Investment Funds (AIFs) — NISM Series X-A
• Performance Measurement and Evaluation of Portfolio Managers — NISM Series XXI-A
• Portfolio Construction Process — NISM Series X-A
• Portfolio Management Process — NISM Series XXI-A
• Portfolio Manager — NISM Series X-A
• Portfolio Performance Measurement and Evaluation — NISM Series X-A
• Qualities of a Good Research Report — NISM Series XV
• Regulatory Framework for Exchange Traded Currency Derivatives — NISM Series I
• Regulatory Framework for Interest Rate Derivatives — NISM Series IV
• Regulatory, Governance and Ethical Aspects of Portfolio Managers — NISM Series XXI-A
• Risk Management — NISM Series VII
• Risk, Return and Performance — NISM Series V-A
• Role of Portfolio Managers — NISM Series XXI-A
• Sales Practices and Investor Protection — NISM Series VIII
• Scheme Selection — NISM Series V-A
• Securities Market Segments — NISM Series X-A
• Settlement Process — NISM Series VII
• Special Services – Debt Instruments & Government Securities — NISM Series VI
• Special Services – Pledge & Hypothecation — NISM Series VI
• Special Services – Public Offering / Corporate Actions — NISM Series VI
• Strategies Using Exchange Traded Currency Derivatives — NISM Series I
• Strategies Using Exchange Traded Interest Rate Futures and Options — NISM Series IV
• Structure of Mutual Funds — NISM Series V-A
• Taxation — NISM Series XXI-A
• Technical Analysis — NISM Series XV
• Terminology in Equity and Debt Markets — NISM Series XV
• Time Value of Money — NISM Series X-A
• Trading Mechanism — NISM Series VIII
• Trading Mechanism — NISM Series XVI
• Trading Mechanism in Exchange Traded Currency Derivatives — NISM Series I
• Trading Mechanism in Exchange Traded Interest Rate Derivatives — NISM Series IV
• Understanding Derivatives — NISM Series X-A
• Understanding the Index — NISM Series VIII
• Uses of Commodity Derivatives — NISM Series XVI
• Valuation Principles — NISM Series XV

See who an exam covers, its pattern, marking rules and syllabus units.

• NISM Series I exam pattern — Currency Derivatives
• NISM Series IV exam pattern — Interest Rate Derivatives
• NISM Series V-A exam pattern — Mutual Fund Distributors
• NISM Series VI exam pattern — Depository Operations
• NISM Series VII exam pattern — Securities Operations and Risk Management
• NISM Series VIII exam pattern — Equity Derivatives
• NISM Series X-A exam pattern — Investment Adviser (Level 1)
• NISM Series XV exam pattern — Research Analyst
• NISM Series XVI exam pattern — Commodity Derivatives
• NISM Series XXI-A exam pattern — Portfolio Management Services (PMS) Distributors

Each practice page shows questions, four choices and reasons for every answer.

• NISM Mock Tests
• NISM practice questions
• NISM Series I Mock 1
• NISM Series I Mock 2
• NISM Series I Mock 3
• NISM Series I mock tests
• NISM Series IV Mock 1
• NISM Series IV Mock 2
• NISM Series IV Mock 3
• NISM Series IV mock tests
• NISM Series V-A Mock 1
• NISM Series V-A Mock 2
• NISM Series V-A Mock 3
• NISM Series V-A mock tests
• NISM Series VI Mock 1
• NISM Series VI Mock 2
• NISM Series VI Mock 3
• NISM Series VI mock tests
• NISM Series VII Mock 1
• NISM Series VII Mock 2
• NISM Series VII Mock 3
• NISM Series VII mock tests
• NISM Series VIII Mock 1
• NISM Series VIII Mock 2
• NISM Series VIII Mock 3
• NISM Series VIII mock tests
• NISM Series X-A Mock 1
• NISM Series X-A Mock 2
• NISM Series X-A Mock 3
• NISM Series X-A mock tests
• NISM Series XV Mock 1
• NISM Series XV Mock 2
• NISM Series XV Mock 3
• NISM Series XV mock tests
• NISM Series XVI Mock 1
• NISM Series XVI Mock 2
• NISM Series XVI Mock 3
• NISM Series XVI mock tests
• NISM Series XXI-A Mock 1
• NISM Series XXI-A Mock 2
• NISM Series XXI-A Mock 3
• NISM Series XXI-A mock tests
• NISM Series VIII: Equity Derivatives
• Basics of Derivatives — NISM Series VIII
• Understanding the Index — NISM Series VIII
• Forwards and Futures — NISM Series VIII
• Application of Futures — NISM Series VIII
• Introduction to Options — NISM Series VIII
• Application of Options — NISM Series VIII
• Trading Mechanism — NISM Series VIII
• Clearing, Settlement and Risk Management — NISM Series VIII
• Legal and Regulatory Environment — NISM Series VIII
• Accounting and Taxation — NISM Series VIII
• Sales Practices and Investor Protection — NISM Series VIII
• NISM Series V-A: Mutual Fund Distributors
• Investment Landscape — NISM Series V-A
• Structure of Mutual Funds — NISM Series V-A
• Accounting, Valuation and Taxation — NISM Series V-A
• Mutual Fund Products — NISM Series V-A
• Investor Services — NISM Series V-A
• Risk, Return and Performance — NISM Series V-A
• Legal and Regulatory Environment — NISM Series V-A
• Scheme Selection — NISM Series V-A
• NISM Series XV: Research Analyst
• Introduction to Research Analyst Profession — NISM Series XV
• Introduction to Securities Market — NISM Series XV
• Terminology in Equity and Debt Markets — NISM Series XV
• Fundamentals of Research — NISM Series XV
• Economic Analysis — NISM Series XV
• Industry Analysis — NISM Series XV
• Company Analysis – Business and Governance — NISM Series XV
• Company Analysis – Financial Analysis — NISM Series XV
• Corporate Actions — NISM Series XV
• Valuation Principles — NISM Series XV
• Fundamental analysis of commodities — NISM Series XV
• Fundamentals of Risk and Return — NISM Series XV
• Qualities of a Good Research Report — NISM Series XV
• Legal and Regulatory Environment — NISM Series XV
• Technical Analysis — NISM Series XV
• Case Study - Valuation — NISM Series XV
• NISM Series VII: Securities Operations and Risk Management
• Introduction to the Securities Market — NISM Series VII
• Market Participants in the Securities Market — NISM Series VII
• Introduction to Securities Broking Operations — NISM Series VII
• Risk Management — NISM Series VII
• Clearing Process — NISM Series VII
• Settlement Process — NISM Series VII
• Investor Grievances and Arbitration — NISM Series VII
• Other Services Provided by Brokers — NISM Series VII
• Clearing Settlement and Risk Management of Commodity Derivatives — NISM Series XVI
• Code of Conduct and Investor Protection Measures — NISM Series XVI
• Commodity Futures — NISM Series XVI
• Commodity Indices — NISM Series XVI
• Commodity Options — NISM Series XVI
• Debt Management and Loans — NISM Series X-A
• Ethical Issues — NISM Series X-A
• Evaluating the Financial Position of Clients — NISM Series X-A
• Grievance Redress Mechanism — NISM Series X-A
• Introduction to Commodity Markets — NISM Series XVI
• Introduction to Investment — NISM Series X-A
• Introduction to Modern Portfolio Theory — NISM Series X-A
• Introduction to Personal Financial Planning — NISM Series X-A
• Introduction to the Indian Financial Markets — NISM Series X-A
• Investing in Fixed Income Securities — NISM Series X-A
• Investing in Stocks — NISM Series X-A
• Key Regulations — NISM Series X-A
• Legal & Regulatory Environment of Commodity Derivatives — NISM Series XVI
• Mutual Funds — NISM Series X-A
• NISM Series I: Currency Derivatives
• NISM Series X-A: Investment Adviser (Level 1)
• NISM Series XVI: Commodity Derivatives
• Operational Aspects of Investment Management — NISM Series X-A
• Overview of Alternative Investment Funds (AIFs) — NISM Series X-A
• Portfolio Construction Process — NISM Series X-A
• Portfolio Manager — NISM Series X-A
• Portfolio Performance Measurement and Evaluation — NISM Series X-A
• Securities Market Segments — NISM Series X-A
• Time Value of Money — NISM Series X-A
• Trading Mechanism — NISM Series XVI
• Understanding Derivatives — NISM Series X-A
• Uses of Commodity Derivatives — NISM Series XVI
• Introduction to Currency Markets — NISM Series I
• Foreign Exchange Derivatives — NISM Series I
• Exchange Traded Currency Futures — NISM Series I
• Exchange Traded Currency Options — NISM Series I
• Strategies Using Exchange Traded Currency Derivatives — NISM Series I
• Trading Mechanism in Exchange Traded Currency Derivatives — NISM Series I
• Clearing, Settlement and Risk Management in Exchange Traded Currency Derivatives — NISM Series I
• Regulatory Framework for Exchange Traded Currency Derivatives — NISM Series I
• Accounting and Taxation — NISM Series I
• Accounting and Taxation — NISM Series XVI
• Codes of Conduct and Investor Protection Measures — NISM Series I
• NISM Series IV: Interest Rate Derivatives
• Introduction to Interest Rate, Interest Rate Instruments and Fixed Income Market — NISM Series IV
• Interest Rate Derivatives — NISM Series IV
• Exchange Traded Interest Rate Futures — NISM Series IV
• Exchange Traded Interest Rate Options — NISM Series IV
• Strategies Using Exchange Traded Interest Rate Futures and Options — NISM Series IV
• Trading Mechanism in Exchange Traded Interest Rate Derivatives — NISM Series IV
• Clearing, Settlement and Risk Management of Interest Rate Derivatives — NISM Series IV
• Regulatory Framework for Interest Rate Derivatives — NISM Series IV
• Accounting and Taxation of Interest Rate Derivatives — NISM Series IV
• Code of Conduct and Investor Protection Measures in Interest Rate Derivatives — NISM Series IV
• NISM Series VI: Depository Operations
• Introduction to the Indian Capital Market — NISM Series VI
• Introduction to Depository — NISM Series VI
• Depository and its Business Partners — NISM Series VI
• Functions of Depository Participant – Account Opening — NISM Series VI
• Functions of Depository Participant – Account Operations — NISM Series VI
• Functions of Depository Participant – Transmission and Nomination — NISM Series VI
• Functions of Depository Participant – Dematerialisation — NISM Series VI
• Functions of Depository Participant – Trading and Settlement — NISM Series VI
• Special Services – Pledge & Hypothecation — NISM Series VI
• Special Services – Public Offering / Corporate Actions — NISM Series VI
• Special Services – Debt Instruments & Government Securities — NISM Series VI
• Foreign Portfolio Investors (FPI) — NISM Series VI
• Investor Services — NISM Series VI
• NISM Series XXI-A: Portfolio Management Services (PMS) Distributors
• Investments — NISM Series XXI-A
• Introduction to Securities Markets — NISM Series XXI-A
• Investing in Stocks — NISM Series XXI-A
• Investing in Fixed Income Securities — NISM Series XXI-A
• Derivatives — NISM Series XXI-A
• Collective Investment Vehicles — NISM Series XXI-A
• Role of Portfolio Managers — NISM Series XXI-A
• Operational Aspects of Portfolio Managers — NISM Series XXI-A
• Portfolio Management Process — NISM Series XXI-A
• Performance Measurement and Evaluation of Portfolio Managers — NISM Series XXI-A
• Taxation — NISM Series XXI-A
• Regulatory, Governance and Ethical Aspects of Portfolio Managers — NISM Series XXI-A

Start with an overview or explore a topic.

• Complete market mechanics lesson library
• Learn: patterns and case studies

• Before your first stock market order
• How the Indian Stock Market Works: Ownership, Trading and Settlement
• NSE vs BSE: What an Exchange Does, and What It Does Not
• Demat, Trading and Bank Accounts: Three Records, Three Different Jobs
• How a Share Order Reaches the Exchange: Six Stages, and Where One Can Stop
• Market, Limit and Stop Orders: What Each One Controls
• What is margin?
• What is a lot size?
• How do capital gains on shares work?
• How do market hours and holidays work?
• Investor Safety Checklist: Before Money Moves or Access Is Granted
• Stock-Market Scam Warning Signs: Reading the Sequence, Not the Moment
• How to Complain: Preparing a Securities Complaint and Using SCORES

• Levels, breaks, and breaks that fail
• Support and Resistance Zones: An Area, Not a Floor
• Range Compression and Expansion: The Squeeze Before a Move
• Breakout Retest: Old Resistance as New Support
• Bear Trap / False Breakdown: Anatomy of a Failed Support Break
• Bull Trap / False Breakout: When a Resistance Break Fails
• Bear Trap: A Worked Case Study of a False Breakdown
• Head & Shoulders Failure: A Failed Topping Pattern
• Cup & Handle: Rounded Base, Handle, Breakout

• The first hour
• Gap-Up Exhaustion: When an Opening Gap Fades
• Gap-Down Reversal: Absorption Below the Range
• Opening Range Breakout Failure: Back Inside the Range
• VWAP Reclaim and Hold: Context, Not a Standalone Signal

• Who is actually behind the move
• Delivery Accumulation: High Delivery % with a Stable Price
• Delivery Percentage Surge: An NSE Cash-Market Participation Case Study
• Volume Climax: Exhaustion on a Spike
• RSI Divergence: When Price and Momentum Disagree

• Open interest: the four-cell map
• Open Interest vs Volume: Counting Contracts, Not Trades
• Long Build-Up: Price Up and Open Interest Up Together
• Short Build-Up: Price Down and Open Interest Up
• Long Unwinding: Price Down and Open Interest Down
• Short Covering: Price Up while Open Interest Falls
• Short Covering Read Through Open Interest: A Worked Futures Example
• Open Interest as Evidence: What the Count Can and Cannot Support

• What you are actually buying
• Futures vs Options: The Contract Before the Payoff
• What an Option Premium Is Made Of: Intrinsic Value and Time Value
• Moneyness: What In, At and Out of the Money Actually Mean
• Delta: Why the Index Moved and the Option Barely Did
• Expiry Theta Trap: How Option Premium Decays
• Volatility Crush: The Event Happened and the Premium Still Fell
• Option Greeks: The Four Sensitivities and the Units They Are Quoted In
• Breakeven: How Far the Underlying Has to Move Before You Are Even
• Expiry Week: Open Interest Falling in One Series and Building in the Next

• What a trade has to clear
• The Charge Stack: What One Round Trip Actually Costs
• Break-Even Hit Rate: How Often You Have to Be Right to Stand Still
• Frequency Multiplies the Sign, Not the Size
• Drawdown Recovery: Why a 33% Loss Needs About a 49.3% Gain
• Size Follows the Level, Not the View

• Is this pattern real?
• What a Chart Can and Cannot Tell You: Observation, Interpretation, Claim
• Sample Size: What Twelve Occurrences Actually Prove
• Base Rate First: What the Market Did Anyway
• Search Enough Rules and One Will Fit by Chance
• The Shuffle Test: Comparing a Result Against Nothing
• Forward Versus Backward: A Rule Tested on Its Own Data Is Untested

• Investing money, not trading it
• How a SIP Works: Units, Average Cost and the Rate You Assume
• NAV, Expenses and What a Fund Comparison Has to Match
• Diversification and Inflation: Two Things a Return Figure Hides
• CAGR, XIRR and Absolute Return: Three Answers About One Account
• IPO Applications: What ASBA Blocks and What Allotment Decides
• Bonus Shares, Splits and Dividends: What Actually Changes

Read a term, what it does not prove, and the lessons that use it.

• 52-Week High / Low
• ATR (Average True Range)
• Base Rate
• Bear Trap
• Bollinger Bands
• Bollinger squeeze breakout
• Breakeven
• Breakout
• Bull Trap
• CAGR (Compound Annual Growth Rate)
• Capital Gains
• Circuit Limits (Price Bands)
• Delivery Percentage
• Delta
• Drawdown
• EMA (Exponential Moving Average)
• EMA crossover trend follow
• Expectancy
• Expiry Day
• False Breakout
• Gamma
• Hit Rate
• Impact Cost (Slippage)
• Implied Volatility (IV)
• Intrinsic Value
• Liquidity
• Lot Size
• Margin
• Market glossary
• Max pain
• Moneyness (ITM, ATM, OTM)
• Muhurat Trading
• Null Model (Shuffle Test)
• Open Interest
• Option Chain
• Option Premium
• Out-of-Sample Test
• Overfitting
• Relative Volume
• Rollover
• RSI (Relative Strength Index)
• Sample Size
• Securities Transaction Tax (STT)
• Short Covering
• Strike Price
• Support and Resistance
• T+1 Settlement
• Theta
• Time Value
• Traded Volume
• Vega
• VWAP (Volume Weighted Average Price)
• VWAP pullback
• XIRR (Extended Internal Rate of Return)

See what changed in the market, when it changed and how it affects the sums.

• "The market is closed today" is four different statements
• Blog
• Ganesh Chaturthi on Mon, 14 Sept, 2026: every NSE closure left in 2026, and the settlement date each one moves
• Muhurat trading 2026 falls on Sun, 8 Nov, 2026 — and the timings are still not published
• On Monday the market opens on a different clock: the pre-open session is rebuilt from 7 September 2026
• One symbol, two lot sizes: how a lot-size revision reaches contracts that already exist
• The charge stack: what a trade costs after brokerage, and why the headline number misleads
• The closing price is now struck in an auction: what changed on 3 August 2026

Return to the lessons you saved here.

• My learning (saved in this browser)

  Your saved learning stays in this browser.

Compare the costs and possible results of option combinations.

• Strategies
• Asymmetric Iron Condor
• Bear Call Credit Spread
• Bear Put Debit Spread
• Bull Call Debit Spread
• Bull Put Credit Spread
• Call Backspread 1:2
• Call Ratio Spread 1:2
• Cash-Secured Index Put
• Conversion with Future
• Double Calendar
• Double Diagonal
• Future with Protective Put
• Futures Calendar: Long Near / Short Next
• Futures Calendar: Short Near / Long Next
• Futures Collar
• Futures-Covered Call
• Long Box Spread
• Long Call
• Long Call Broken-Wing Butterfly
• Long Call Butterfly
• Long Call Calendar
• Long Call Condor
• Long Call Diagonal
• Long Index Future
• Long Iron Butterfly (Reverse)
• Long Iron Condor (Reverse)
• Long Put
• Long Put Broken-Wing Butterfly
• Long Put Butterfly
• Long Put Calendar
• Long Put Condor
• Long Put Diagonal
• Long Straddle
• Long Strangle
• Long Strap
• Long Strip
• NIFTY / BANKNIFTY Futures Pair · Unbalanced
• Put Backspread 1:2
• Put Ratio Spread 1:2
• Reversal with Future
• Short Box Spread
• Short Call
• Short Call Broken-Wing Butterfly
• Short Call Butterfly
• Short Call Calendar
• Short Call Condor
• Short Call Diagonal
• Short Future with Protective Call
• Short Index Future
• Short Iron Butterfly (Credit)
• Short Iron Condor (Credit)
• Short Put
• Short Put Broken-Wing Butterfly
• Short Put Butterfly
• Short Put Calendar
• Short Put Condor
• Short Put Diagonal
• Short Straddle
• Short Strangle
• Short Strap
• Short Strip
• Synthetic Long Forward
• Synthetic Short Forward

Quick quizzes on strategies, charts, Greeks, option chains and past market days with practice option prices.

• Practice games

  Quick quizzes on strategies, charts, Greeks, option chains and past market days with practice option prices.

• Pick the strategy

  Read a view of NIFTY and choose the strategy that fits it.

• Spot the pattern

  Look at a chart and name the pattern in it.

• Greeks check

  Delta, gamma, theta, vega and implied volatility. See how each one moves an option's price.

• Read the chain

  Find the ATM strike, the biggest OI, the put-call ratio and max pain in a practice chain.

• What happened that day

  Past NIFTY days with practice option prices. Say what the index, an option or India VIX did.

Choose the question you want to explore.

• Market X-Ray

How one option works: its price, the chain, OI, orders and expiry.

• Market X-Ray

  A NIFTY put bought at Monday’s close turned ₹171.45 into ₹1,362.50.

• Open Interest
• Option Chain
• Bid/Ask and Slippage
• Expiry

Read the market concepts and check your understanding.

• Market X-Ray · 4 Jul 2025 – 10 Jul 2025 · A quiet week

  NIFTY stayed within 0.85% from 4 Jul 2025 to 10 Jul 2025. Both options lost time value.

• Market X-Ray · Monday, 12 May 2025

  A NIFTY put bought at Friday’s close turned ₹226.60 into ₹13.60.

• Market X-Ray · Monday, 5 August 2024

  A NIFTY put bought at Friday’s close turned ₹145.10 into ₹658.80.

• Market X-Ray · Monday, 7 April 2025

  A NIFTY put bought at Friday’s close turned ₹122.65 into ₹743.95.

• Market X-Ray · NIFTY fell. Which option rose at the close?

  A NIFTY put bought at Monday’s close turned ₹171.45 into ₹1,362.50.

• Market X-Ray · Tuesday, 20 January 2026

  A NIFTY put bought at Monday’s close turned ₹70.60 into ₹367.50.

• Market X-Ray · Tuesday, 27 January 2026

  A NIFTY put bought at Friday’s close turned ₹81.20 into ₹0.00.

• Market X-Ray · Tuesday, 4 June 2024

  A NIFTY put bought at Monday’s close turned ₹171.45 into ₹1,362.50.

• Market X-Ray · Wednesday, 5 June 2024

  A NIFTY put bought at Tuesday’s close turned ₹192.80 into ₹8.70.

• Market X-Ray Teacher Kit
• Market X-Ray: Contract Basics
• Money and Risk Recap

Choose the question you want to work out.

• Calculators

• Break-Even Frequency Calculator

  Win rate needed after charges

• Contract Note Decoder

  Who gets each trading charge

• Options Breakeven & Charges Calculator

  Option breakeven after all charges

• Position Size Calculator

  Shares from capital, risk and stop

• Stock Average Calculator

  Average cost and breakeven price

• Trade Cost Calculator

  Trading charges and breakeven price

• Capital Gains Tax Calculator

  Tax on short and long-term gains

• F&O Turnover & Tax Audit Calculator

  Derivatives turnover and tax-audit threshold

• T+1 Settlement Date Calculator

  Settlement date after skipping holidays

• CAGR & XIRR Calculator

  Yearly return from investments and cashflows

• EMI & Loan Schedule Calculator

  Monthly instalment, interest and prepayment savings

• FD, RD & PPF Calculator

  Deposits at maturity, after tax

• SIP & Step-up SIP Calculator

  Monthly savings after tax and inflation

Find market hours and contract facts. Compare trading, clearing and special-session dates with their source notices.

• F&O lot sizes
• Is the market open today?
• Market References
• NSE market calendar 2026
• NSE market calendar 2027
• NSE market holidays
• NSE market holidays 2025
• NSE market holidays 2027
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