Comment on Commonly Used Jargons

Hitesh commented on 12 Jun 2016, 12:33 AM

Hi Karthik. I have a doubt. In the statement “If you have bought the Nifty Index with an expectation that the index will trade higher then essentially you have a long position on Nifty. If you are long on a stock or an index, you are said to be bullish.” What do you mean when you say If you have bought nifty index? As far as I was able to understand from previous chapters that we buy shares of company so I am able to make sense of the phrase to be long on some company’s share but I am not able to make sense of to be long on Nifty. Please explain this.
Does this mean that to buy shares of some company listed in NSE?

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