Big Money Making Strategy using USD-INR, Nifty with Ankit Garg

Ankit Garg is a financial engineer based in California. He has been working in the financial industry for the past 10 years. His background includes experience in investment banks, hedge funds, and prop trading firms. Ankit Garg also runs a small venture called Dezibel Capital which focuses on providing systematic trading education and algo training in India.

This video is about an in-person discussion regarding currency markets and how significant money is generated with Nifty and USD-INR with Ankit Garg. Ankit Garg outlines a 200-day moving average trading method for the Nifty. The plan is to purchase the Nifty at times when its price is higher than its 200-day moving average and to sell it at times when its price is lower. Although this is a very basic method and there are other aspects to take into account when trading, the speaker makes the point that this strategy can still be successful.

The relationship between the volatility of the Nifty and the rupee is also covered by the speaker. Compared to the Nifty, the rupee is typically less volatile. Thus, the margin requirements for trading the Nifty are more than those for trading the rupee.