About Instructor  : 

Ms. Jyoti Budhia started her career in the BSE trading ring when jobbers took orders on the exchange floor in 1986 when there were hardly 1 or 2 ladies in the Ring. She is the third generation of the family who has been in equity markets. She is the founder of B.K. Training. She is a trader, trainer, and SEBI Registered Research Analyst. She is a well-known name in Options and Technical analysis, having 3 decades of experience in the stock market. She is also empanelled as a trainer with the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), National Institute of Securities Market (NISM), and many reputed institutions. She writes advisory articles for Money Control, Stock Edge to name a few.

Course Features

• Lectures: Detailed explanations of key concepts and strategies.
• Hands-On Workshops: Interactive sessions to build and test hedging strategies.
• Readings and Resources: Articles, guides, and videos for further learning.
• Quizzes and Assessments: Regular assessments to gauge understanding.
• Discussion Forums: Collaborative space for participants to share insights and ask questions.
• Final Project: A capstone project to demonstrate mastery of course content.
   

Module 1: Introduction to Nifty and BankNifty

• Overview of Nifty and BankNifty: Understanding the indices and their components.
• Market Dynamics: Key drivers of Nifty and BankNifty movements.
• Importance in Indian Financial Markets: Role and significance.

Module 2: Basics of Futures and Options

• Futures Contracts: Definition, characteristics, and trading mechanisms.
• Options Contracts: Types (calls and puts), characteristics, and trading mechanisms.
• Margin Requirements: Understanding margins for futures and options.

Module 3: Options Pricing and Greeks

• Intrinsic and Extrinsic Value: Components of options pricing.
• The Greeks: Delta, Gamma, Theta, Vega, and Rho – their significance and use.
• Implied Volatility: Concept and impact on options pricing.

Module 4: Basic Hedging Strategies

• Using Futures for Hedging: Hedging with Nifty and BankNifty futures.
• Protective Puts: Hedging downside risk with put options.
• Covered Calls: Generating income and partial hedging.

Module 5: Advanced Hedging Techniques

• Straddles and Strangles: Hedging against volatility.
• Spreads: Vertical, horizontal, and diagonal spreads.
• Collars: Combining puts and calls for effective risk management.

Module 6: Delta and Gamma Hedging

• Delta Hedging: Maintaining a delta-neutral position.
• Gamma Hedging: Managing the non-linear risk.
• Dynamic Hedging: Adjusting hedges as market conditions change.

Module 7: Practical Applications and Case Studies

• Hedging with Index Options: Strategies specific to Nifty and BankNifty options.
• Sector-Specific Hedging: Using BankNifty for sector exposure management.
• Real-World Case Studies: Historical examples and practical exercises.

Module 8: Risk Management and Portfolio Hedging

• Risk Management Frameworks: Setting up and monitoring hedging strategies.
• Portfolio Hedging: Using Nifty and BankNifty for broader portfolio protection.
• Stress Testing and Scenario Analysis: Evaluating strategy performance under various market conditions.

Module 9: Technology and Tools for Hedging

• Trading Platforms: Overview of popular platforms for trading Nifty and BankNifty futures and options.
• Analytical Tools: Using software for options analysis and Greeks calculation.
• Automated Hedging Strategies: Introduction to algorithmic hedging.

Module 10: Regulatory and Compliance Considerations

• Regulatory Environment: Understanding SEBI regulations for futures and options trading.
• Compliance Requirements: Key compliance aspects for traders and investors.
• Ethical Considerations: Ensuring ethical practices in hedging activities.

Module 11: Capstone Project

• Project Introduction: Outline and expectations.
• Strategy Development: Creating a comprehensive hedging strategy using Nifty and BankNifty futures and options.
• Backtesting and Optimization: Testing the strategy using historical data and optimizing parameters.
• Final Presentation: Presenting the hedging strategy, results, and learnings to the class.