Nifty

The NIFTY 50 index is National Stock Exchange of India's benchmark broad based stock market index for the Indian equity market. It represents the weighted average of 50 Indian company stocks in 12 sectors and is one of the two main stock indices used in India, the other being the BSE sensex

NIFTY OPTION

Before understanding Nifty options, first we need to understand what an option instrument is. ... The 2 types of Options are Call Options i.e. the Right to Buy and Put Options i.e. the Right to Sell. A Call option gives buyer an option to “BUY” underlying asset at an agreed upon price with a expiry date on this contract.

COMMEDITY

A reasonably interchangeable good or material, bought and sold freely as an article of commerce. Commodities include agricultural products, fuels, and metals and are traded in bulk on a commodity exchange or spot market.