|Parameter||Index Futures||Index Options||Futures on Individual Securities||Options on Individual Securities|
|Underlying||4 indices||4 indices||191 securities||191 securities|
|Underlying Symbol||Symbol of Underlying Index||Symbol of Underlying Index||Symbol of Underlying Security||Symbol of Underlying Security|
|Option Type||-||CE / PE||-||CE / PE|
|Strike Price||-||Strike Price||-||Strike Price|
Nifty 50 Index Futures, Nifty Bank Index Futures and Nifty Financial Services Index will have 3 consecutive months trading cycle – Near-Month, Mid-Month and Far-Month.
Nifty Midcap Select Index Futures will have 4 serial weekly cycles excluding the monthly expiry and 3 consecutive months trading cycle – Near-Month, Mid-Month and Far-Month.
Nifty 50 Index, Nifty Bank Index, Nifty Financial Services Index and Nifty Midcap Select Index will have 4 weekly expiration contracts (excluding monthly contracts) and 3 monthly expiration contracts.
Additionally Nifty 50 Index options and Nifty Bank Index options will have Three quarterly expiries (March, June, Sept & Dec cycle).
Nifty 50 index will also have long term index option contracts i.e. next 8 half yearly expiries (Jun, Dec cycle) after the three quarterly expires will be provided.
|3 month trading cycle - the near month (one), the next month (two) and the far month (three).
|Strike Price Intervals||-||Depending on underlying price||-||Depending on Underlying volatility*|
|Permitted Lot Size||Underlying specific||Underlying specific||Underlying specific||Underlying specific|
|Price Bands||Operating range of 10% of the base price||A contract specific price range based on its delta value is computed and updated on a daily basis||Operating range of 10% of the base price||A contract specific price range based on its delta value is computed and updated on a daily basis|
* w.e.f April 1, 2013