{"id":4304,"date":"2023-05-23T13:11:58","date_gmt":"2023-05-23T13:11:58","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=4304"},"modified":"2023-05-23T13:15:31","modified_gmt":"2023-05-23T13:15:31","slug":"nifty-midcap-select-index-traders-new-favorite","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/nifty-midcap-select-index-traders-new-favorite\/","title":{"rendered":"Nifty Midcap Select Index: Traders\u2019 New Favorite"},"content":{"rendered":"

On 26th April, 2023 , the expiry for NIFTY Midcap Select Index was changed from Tuesday to Wednesday and within 3 weeks of the change in expiry day, the index showed healthy growth with as many as 22,395 contracts being traded on 17th May, 23 from just 2,991 on 3rd May 2023.<\/span><\/p>\n

\"nifty
The securities are quoted as an example and not as a recommendation. Source: NSE<\/figcaption><\/figure>\n

What is the NIFTY Midcap Select Index?<\/strong><\/h2>\n

There are 25 liquid midcap stocks in the Nifty Midcap Select index and these stocks are intended to reflect the performance of the portfolio. Stocks are chosen from the Nifty Midcap 150 index based on market cap, average daily turnover, and availability for trading in the F&O segment. Stock weights are based on free-float market capitalization.\u00a0<\/span><\/p>\n

What are the major constituents of NIFTY Midcap?<\/strong><\/h2>\n

The top 10 constituents for NIFTY Midcap Select Index by weightage are as follows:<\/span>\"TheAmong the sectors, Financial Services , Capital Goods and Consumer Services have the highest representation in terms of weight percentage at 28.48, 15.30 and 14.74 respectively.<\/p>\n

How to start trading in Nifty Midcap on Paytm Money?<\/strong><\/h2>\n

You can start trading in Nifty Midcap in 3 easy steps:<\/span><\/p>\n

Step 1:<\/b> Go to the F&O Dashboard on the Paytm Money App<\/span><\/p>\n

Step 2:<\/b> On the top of the dashboard, you will find the \u201cMarket Indices section\u201d. Scroll to the right of that section to find \u201cNifty Midcap Select\u201d<\/span><\/p>\n

Step 3:<\/b> Select Option Chain for options trading or Futures Contract for futures trading to begin trading Nifty Midcaps.<\/span><\/p>\n

\"start
The securities are quoted as an example and not as a recommendation<\/figcaption><\/figure>\n

Alternatively, the Paytm Money App allows you to trade Nifty Midcap Select directly by typing “MIDCPNIFTY” and selecting the Futures or Options tab within the watchlist.<\/span><\/p>\n

For trading in Futures, select \u201c <\/span>Futures<\/b>\u201d tab underneath the Search bar-<\/span><\/p>\n

\"start
The securities are quoted as an example and not as a recommendation<\/figcaption><\/figure>\n

For trading in options, select \u201c<\/span>Options<\/b>\u201d tab underneath the Search bar-<\/span><\/p>\n

\"start
The securities are quoted as an example and not as a recommendation<\/figcaption><\/figure>\n

How did the NIFTY Midcap Select Fund Index become so popular?<\/b><\/h2>\n

Well, there are few prominent reasons for this:<\/b><\/p>\n

    \n
  1. No Transaction charges<\/b>– On 28th March, 2023 , the National Stock Exchange ( NSE) issued a circular stating that no transaction charges will be levied on transactions done in Futures & Options Contract on NIFTY Midcap Select Index in the F&O Segment till 30th September, 2023.<\/span><\/span><\/li>\n
  2. Expiry on Wednesday<\/b>– Option traders already had the option of trading NIFTY Financial Services having its expiry day on Tuesday, NIFTY 50 and NIFTY Bank having their expiry day on Thursday. Now with NIFTY Midcap Select having its expiry on Wednesday, traders have 4 high volume indexes having expiry in the middle of the week spread over three days giving them ample time to strategize and wisely choose their spread and options.<\/span><\/span><\/li>\n
  3. Increased liquidity<\/b>– With increased liquidity, their is validation of increased interest and trust of traders in NIFTY Midcap Select Fund<\/span><\/span><\/li>\n<\/ol>\n

    For more details on the change in expiry for NIFTY Midcap Select Index, from Tuesday to Wednesday, kindly refer to our previous blog- <\/span>NIFTY Midcap Select F&O Expiry Cycle.<\/strong><\/a><\/p>\n

    Disclaimer<\/b>: <\/span>Investments in the securities market are subject to market risks, read all the related documents carefully before investing. This content is purely for information purpose only and in no way to be considered as an advice or recommendation. Paytm Money Ltd SEBI Reg No. Broking \u2013 INZ000240532. NSE (90165), BSE(6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi \u2013 110019. For complete Terms & Conditions and Disclaimers visit: https:\/\/www.paytmmoney.com<\/a>.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    On 26th April, 2023 , the expiry for NIFTY Midcap Select Index was changed from Tuesday to Wednesday and within 3 weeks of the change in expiry day, the index showed healthy growth with as many as 22,395 contracts being traded on 17th May, 23 from just 2,991 on 3rd May 2023. What is theContinue reading “Nifty Midcap Select Index: Traders\u2019 New Favorite”<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":4311,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-classic-ns.php","format":"standard","meta":{"footnotes":""},"categories":[16,6],"tags":[],"class_list":["post-4304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fno","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/4304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=4304"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/4304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/4311"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=4304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=4304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=4304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}