
Explore the basics of derivatives, futures, options, forwards, swaps, and key market players, exchanges, and risks, with exam-focused practice and mock tests to boost performance.
Explore cash market versus derivatives, and learn futures and options, margins, span, lot sizes, and underlying assets, contract expiry, and the broker types that govern trading.
Learn how futures and options serve as hedging tools to protect investments, and understand call and put options, margins, and the protection versus speculation dynamics in equity derivatives.
Learn how delta affects a call option buyer's premium as the market moves between atm and otm, with time decay and real examples of buy call and sell put strategies.
Analyze how strike prices affect profit and loss in options, compare call and put strategies, and study delta, theta decay, and implied volatility in real-time option chains.
Learn the basics of technical analysis, including candlesticks, line charts, and heikin-ashi candles; trend, support and resistance, breakouts, indicators; and explore common option strategies and margin concepts.
Learn non-directional option strategies, including long straddle and long strangle with same or different strike prices, plus short variants, and explore covered call, synthetic call, and butterfly structures.
Explore core market order types, including market, limit, trigger orders, stop orders, IOC, and GTC, with practical ITC stock examples. Understand intraday trading vs investing and how orders execute.
Highlight the roles of trading members, clearing members, professional clearing members, and self-clearing members, then explain clearing banks, clearing corporations, and settlement mechanics in futures and options.
Dr. Elsie Gupta committee recommendations regulate derivatives, detailing initial margins via value-at-risk, separation of derivative and cash segments, risk disclosures, and clearing member requirements to protect investors.
Examine legal and regulatory systems for Indian securities markets, including the Securities Contract Regulation Act and SEBI acts, plus anti-money laundering, customer due diligence, and transaction monitoring.
Industry Recognition: Achieving NISM 8 certification provides valuable recognition in the Indian equity derivatives market. It sets candidates apart when applying for job opportunities and seeking promotions.
Enhanced Knowledge and Skills: The certification process enhances candidates' expertise in various areas, including derivative products, trading strategies, and risk management techniques.
Professional Development: Holding NISM 8 certification contributes to professional development, showcasing a commitment to excellence in the field.
Career Opportunities: Successfully passing the NISM 8 exam can unlock a plethora of career opportunities, allowing candidates to take on challenging roles within the equity derivatives market.
Preparation for the NISM Exam:
To excel in the NISM 8 exam, candidates should follow these steps:
Thorough Syllabus Study: Carefully study the exam syllabus, ensuring a comprehensive understanding of all the covered topics.
Enroll in NISM Derivatives Courses: Consider enrolling in NISM derivatives courses to gain in-depth knowledge and practical insights into the subject matter.
Practice Exams: Practice with NISM sample exams and mock tests to familiarize yourself with the exam format and types of questions.
Job Opportunities After NISM Certification:
Upon completing the NISM exam, individuals can explore various job opportunities in the financial sector, including:
Dealing at a Brokerage: Work as a dealer or trader at a brokerage firm, executing trades on behalf of clients.
Support Executives at a Brokerage: Assist clients with their trading and investment needs, providing support and guidance.
Risk Management at a Brokerage: Focus on managing and mitigating risks associated with trading activities.
Sales at a Brokerage: Engage in sales activities, promoting brokerage services and financial products to potential clients.
Sales at a Hedge Fund: Explore sales roles at hedge funds, catering to high-net-worth individuals and institutional investors.
Certification Details:
Certification Validity: The NISM 8 certification is valid for three years. Afterward, candidates can retake the exam using the same online method or opt for the CPA one-day training program conducted by NISM.
Exam Duration: The exam is a two-hour test.
Exam Fees: The exam fee is Rs 1500, and it is non-refundable.
Question Format: Questions in the exam are of the true or false and objective types.
Negative Marking: There is a penalty of 0.25% for each incorrect answer, with one mark deducted for every four wrong answers.
Additional Notes:
Ensure you have your hall ticket and a government-issued identity card (e.g., PAN card) when attending the exam.
Arrive at the exam center at least 10 minutes early, and note that a calculator is not required.
It's advisable to practice with a mock test or model exam containing a minimum of 300 questions and answers before attempting the actual exam.
Exercise caution and do not attempt to answer all 100 questions since negative marking is applied in this exam.