Achiievers Equities

[a1b1trader]

no effect on us na ? its only for new / or renewals ?

Yes, Yes

It is only for new and renewals. This is clear.

See the PS in the circular, that reads as
"PS : Those who have already renewed their existing plan before the price increase date, will not be effected and enjoy earlier rate benefit, till the expiry of the plan."

So it will not be an issue till the expiry of the existing plan.

 

[narayan78]

Yes I too have received the circular from them.

It is not good on their part to increase charges, straight by 50%.
While other discount brokers are reducing their charges, I dont know why they planned to increase their charges at this moment.

However, still no plan to shift to any one else.

no effect on us na ? its only for new / or renewals ?

Hi bhailog,

Called Achii CC today, and they said one can change to old plan even now (two days left) and new plan don't affect existing plan.

New plan starts from Oct 2013

with cheers,
Narayan

 

[TraderRavi]

Hi bhailog,

Called Achii CC today, and they said one can change to old plan even now (two days left) and new plan don't affect existing plan.

New plan starts from Oct 2013

with cheers,
Narayan

thats good news ....:clapping:

 

[narayan78]

hi Bhailog,

pls clarify my doubts !! (using NSE NOW)

1.what is the use of cover order?

---- tell me how to enter using cover order with example

----- and how to exit the cover order.

2. what is margin needed for normal nifty futures --- how to calculate it.


with cheers,
narayan.

 

[a1b1trader]

hi Bhailog,

pls clarify my doubts !! (using NSE NOW)

1.what is the use of cover order?

---- tell me how to enter using cover order with example

----- and how to exit the cover order.

2. what is margin needed for normal nifty futures --- how to calculate it.

with cheers,
narayan.

Hi Narayan

To know many aspects/queries on trading, Zerodha has a very good blog, named ZerodhaConnect

For your queries on cover order
http://www.zerodha.com/z-connect/blog/view/cover-orders-for-higher-leverage

If you have more queries, then post either in the blog itself or in Zerodha thread.

For margin calculations
http://www.zerodha.com/z-connect/blog/view/zerodha-margin-policies
http://www.zerodha.com/z-connect/blog/view/span-calculator

Following website of Sharekhan will help you for margin calculations (Right Hand Lower side)
http://www.sharekhan.com/stock-market/derivatives-india/derivative-home/12/derivativehome.htm

Margin for NIFTY FUT is about 10-11% of the total value.
Lastly it was about 30 K
Normally every broker's website/backoffice has a file on margins.
But just note that these margins are approximate, as Exchange changes margins 5 times in a day.

 

[TraderRavi]

hi Bhailog,

pls clarify my doubts !! (using NSE NOW)

1.what is the use of cover order?

---- tell me how to enter using cover order with example

----- and how to exit the cover order.

2. what is margin needed for normal nifty futures --- how to calculate it.


with cheers,
narayan.

cover order is a highly leveraged product , to empty pockets of newbies fasttttt.
margin for nifty future intraday is around 11k....

 

[narayan78]

cover order is a highly leveraged product , to empty pockets of newbies fasttttt.
margin for nifty future intraday is around 11k....

Thanks a1b1 and TR bhai ,

First time tried Nifty futures in my life :thumb:

Actually I am not able to put normal order yesterday ( I had 21 k) .

So went for cover order with stop-loss ( kind of testing )

but when my position went to profit , I wanted to quit but I am not able to do

( I usually square off my option positions from Net-position window).

I am kind of panic when my position went opposite --- Even searched in Order book - but there is no open position.


Then called CC ---- Most of the time they speak Hindi - I am able to follow them somewhat but I am not able to answer them (next time may be I will try) . After confirming my Id he did squared off my position. ( luckily exit with -67RS before that I was 10pts profit )

He also told me that I can square of my position in order book --- open orders.

Still wondering why I am not able to see the open position in my order book.

Is there any way apart from ORDER BOOK that I can exit position.

with cheers,
narayan.

 

[a1b1trader]

Sorry Narayan

Never used cover order facility, so cant guide on it.

However, with 21K in your account you could have trade intraday, that require 40-50% of the margin as required for positional (overnight).

Only draw back is, you have to squareoff your position by 3.10/3.15, otherwise broker will square it off.

 

[a1b1trader]

cover order is a highly leveraged product , to empty pockets of newbies fasttttt.
margin for nifty future intraday is around 11k....

Ravi
I do not think so.
It is not highly leveraged product.
IMO it is just similar to intraday but since it is with a compulsory stoploss (and you can not avoid it), your loss is limited to a certain value and so lesser margin is required.

 

[achiievers]

Sub : Rs 15 per trade with 0% brokerage. Trade more, Earn more
Dear Sir / Madam
Welcome to a brokerage – free world of Achiievers.

Past Initiatives & Offers in 2012-2013

We launched a new plan named "Mega Value Plan" in the financial year 2012-13. The basic motto of the plan was to introduce a hassle free, tensionless and pleasurable trading experience for our clients, where clients would never have to bother with the addition of brokerages to the cost of their trade.

New Offers for 2013-2014

This time we are introducing another new exciting plan “Just Rs 15 per executed order whatever be the size of your trade”. We now have three brokerage schemes under one roof, which are lowest in the industry, as compared to other brokerage firms, with no hidden charges. Please check the brokerage schemes available for you.
Offers Plan Details Benefit
1 New Per Trade Offer--Rs 15 per Trade--Just Rs.15/- per--transaction,whatever the size of Trade

2 Mega Value Plane Rs 750 per month--Trade Unlimted for a Month with--nominal charge

3 Normal/ Default--Plan--0.50% Cash , 0.05%--Equity Intraday / Futures and Rs100 per lot in Options.Pay as you Trade.

We are sure, our new offers will take you to a NEW ERA of endless & stress free trading in upcoming days.

Happy Trading…
Thanking you
Sincerely yours
Achiievers Team