How to Set Up Scalper Mode on Web for Nifty & Bank Nifty Options

Setting up Scalper Mode on HDFC SKY Web brings key options trading controls into one workspace. The terminal combines Spot, Call, and Put charts along with synchronised contract details, visual stop-loss and target controls, fast execution, and tracking of positions. This guide explains how to set up the workspace for Nifty and Bank Nifty options, configure the contract and unit quantity, place an order, and monitor the position.

What You Need Before Setting Up Scalper Mode

Before opening the Scalper Terminal, make sure your HDFC SKY account has access to derivatives. Existing customers can activate the F&O segment through their profile settings and submit the required documents. New customers need to complete KYC and activate the F&O privilege.

You also need access to HDFC SKY Web. Once you complete the account and F&O requirements, you can open the trading workspace and access the terminal.

How to Open Scalper Terminal on HDFC SKY Web

1. Log in to HDFC SKY Web

Open HDFC SKY Web and sign in to your trading account. Once you reach the trading workspace, locate the Scalper Terminal or Scalper Mode option and open it.

2. Access Scalper Terminal

The terminal provides a dedicated workspace for active options trading. It brings market information, order execution, and trade management into the same trading view.

HDFC SKY offers the Scalper Terminal on both web and mobile. For this guide, use the web version.

How to Configure the Nifty or Bank Nifty Trading View

Configure the contract after opening Scalper Terminal. Your selections determine the index, expiry, and strike that appear across the trading workspace.

1. Select Nifty or Bank Nifty

Choose Nifty or Bank Nifty from the available index options. Select the index that matches your trading plan before choosing the option contract.

2. Choose the Expiry

Select the expiry for the option contract you want to monitor. The expiry determines the contract you will trade, so select the required expiry before choosing the strike.

3. Select the Strike Price

Choose the required strike price for the Call or Put contract. HDFC SKY synchronises the relevant charts and option-chain information when you change the strike or expiry, reducing the need to update each part of the workspace separately.

4. Check the Three-Pane View

The terminal places three key views side by side:

• Spot chart: Tracks the underlying index.
• Call chart: Shows the selected Call option.
• Put chart: Shows the selected Put option.

This layout lets you compare the underlying index with the selected Call and Put contracts from the same workspace.

How to Set Lot Size and Quantity

Enter the quantity you intend to trade after selecting the contract. HDFC SKY’s standard order flow lets you enter the quantity and review the order details before submission.

Consider the following when setting your quantity:

• Enter the intended quantity or lot size.
• Review the order value shown by the platform.
• Check the required margin before proceeding.
• Keep the quantity aligned with your trading plan.

Do not increase your position size simply because the terminal offers faster order placement.

How to Set Stop-Loss and Target on the Chart

Scalper Terminal lets you manage stop-loss and target levels directly from the chart. You can adjust these levels visually and review the related trade information before execution.

1. Set the Stop-Loss

Position the stop-loss at your chosen level on the chart. HDFC SKY lets you drag the stop-loss level, while the terminal displays the related tick distance, percentage offset, and expected P&L.

2. Set the Target

Position the target at your chosen level using the chart control. Review the displayed figures as you adjust the level to understand how the target relates to your trade.

3. Confirm the Trade Levels

Read the displayed stop-loss and target values before moving to execution. Make sure the levels match your intended trade setup.

HDFC SKY also provides an exit control that can close the position and cancel linked orders with one tap.

How to Place an Options Order Using Scalper Mode

Once you configure the contract, quantity, stop-loss, and target, you can move to execution.

1. Use One-Tap Execution

HDFC SKY’s Scalper Terminal includes a 1-tap mode for market orders with preset stop-loss and target levels. The feature lets you use the levels you configured without entering them again during execution.

Before placing the order, confirm that the displayed contract and quantity match your intended trade.

2. Review the Order Controls

HDFC SKY also provides bracket-order controls within Scalper Terminal. The terminal applies a default 0.15% buffer between the trigger and limit price for these orders.

Review the order settings before submission and make sure you understand the controls you selected.

How to Monitor Your Nifty or Bank Nifty Position

After placing the order, use the Scalper Terminal sidebar to monitor the trade. The sidebar brings position, order, option-chain, and alert information into the trading workspace.

1. Check Open Positions

Open the positions section to view the position created by your order. Check the displayed position details to confirm the trade.

2. Track Your Orders

Use the order section to monitor the status of submitted orders. This lets you see the current state of an order after submission.

3. Refer to the Option Chain

Use the option chain to review available contracts and market information. HDFC SKY provides live option prices, open interest, volume, and other contract information through its option-chain tools.

4. Monitor Market Alerts

Use the market alerts available in the Scalper Terminal sidebar to track relevant alerts alongside your position and order information.

Conclusion

Scalper Terminal brings the main stages of an options trade into a structured workflow, from contract selection to execution and position monitoring. Set the quantity and trade levels according to your plan, review the order controls before execution, and monitor the position after placing the trade.