The rules do not change between instruments. The contract does, and that is what decides how many lots fit inside your daily limit.
| NIFTY 50 | BANKNIFTY | |
|---|---|---|
| Exchange | NSE | NSE |
| Lot size | 65 units | 35 units |
| Session | 9:15 AM – 3:30 PM IST | 9:15 AM – 3:30 PM IST |
| Typical intraday range | Narrower | Wider — moves faster |
| Options buy / sell | Allowed | Allowed |
| Futures | Not allowed | Not allowed |
| Overnight positions | Not allowed | Not allowed |
A BANKNIFTY lot is 35 units against NIFTY's 65, which makes the position look smaller on the order ticket. But BANKNIFTY covers more points in a normal session, so the rupee swing per lot is often larger, not smaller.
The daily loss limit does not adjust for this. On a ₹1 Lakh 2-Step account it is ₹4,000 whichever instrument you trade. That figure is reached faster on BANKNIFTY, and it is the most common reason an assessment ends early.
There is no rule against trading BANKNIFTY, and no penalty for it. It simply needs the position sized against the limit rather than against the target.
Yes, on both the buy and sell side. BANKNIFTY futures are not permitted and positions cannot be held overnight.
BANKNIFTY trades in lots of 35 units. Whole lots only — the platform rejects fractional sizes.
The rules are identical; the instrument is not. BANKNIFTY has a wider intraday range, so the same number of lots produces larger swings and reaches the daily loss limit sooner. Many participants size down on BANKNIFTY for exactly this reason.
It is set by the programme, not the instrument — 4% on the 2-Step and 1-Step, 3% on Instant Funding. On a ₹1 Lakh account that is ₹4,000 and ₹3,000 respectively.
No. The price feed is live NSE data but execution is simulated and no order reaches the exchange.
Same published limits as every other programme. Pick the account size that matches how you actually size a position.