Achiievers Equities

[umesh12]

Achiievers,

What is "Cr balance" ? Is it same as trading account available balance ?

Also can you please elaborate on shortage penalty by answering another example as per below...

Say for example my trading account balance on 25-06-2014 is 6000 Rs then...

If i buy 1 lot (50 qty) of nifty 7500ce at 100 on 25-06-2014, so my balance would be 6000 - 5000(50*100) = 1000.

Now on 26-06-2014, i sell (closing 25-06-2014 position) 1 lot nifty 7500ce at 100, which is 50*100 = 6000 rs.
Then again on 26-06-2014, I buy 1 lot (50 qty) nifty 7600ce at 50, which is 50*50 = 2500 rs.

So now my question is...this 2500rs will get adjusted against my sell of 7500ce (6000 rs) or will it get deducted from my account balance which is only 1000 rs and thereby facing shortage penaly ?

Hi

IMO, shortage penalty is charged when you have shorted any scrip or index or have written any option
But it seems from your post that you have not done any such trade. So no question of any short penalty should be charged.
And if you trade only plus side then the amount will be debited immediately you take a trade and will be credited immediately, you square off your trade.

So when you squared off your trade of 1 lot nifty 7500ce at 100, which is 50*100 = 6000 rs. your credit balance should be (1000 +6000) = 7000
And similarly, when you bought nifty 7600ce at 50, which is 50*50 = 2500 rs. your credit balance should be 4500 (500 - 2500) after that purchase.

So check for the same.

 

[rmji]

Thanks Umesh12, It should be the way u said. But I think example of Achievers (see below) says different. So I want Achievers to confirm my example.

Very Good evening Sir...

Margin shotrage Examples : Approx,your Cr balance now 1000/- Date on 10-06-2014
same day (10-06-2014) your open position 7600CE (option) one lot bought (50qtty) & CMP @90.
You sold your position (10-06-2014) CMP rate 90/-, so your available margin release (90*50)=4500/- (note :Its not Cr balance)
next time you bought option CE 7700 one lot @80, so you are used margin (50*80)=4000/-
None : your shortage margin (1000-4000)= -3000/-


Shortage penalty as per Exchange requirements.

 

[achiievers]

Re: Achiievers Equities Ltd

Pick Of the Month 01.07.2014
​

Scrip-ADANIPOWER
CMP-63.60
Target-78-90
Stop Loss-56
Recommendation-Buy Above-64

ADANIPOWER :- stock took a breakout from consolidation of 33 points (63-30) for more than two years, stock was consolidating at the lower levels making it a low risk at current levels.


Scrip-RANBAXY
CMP-511
Target-550-610
Stop Loss-475
Recommendation-Buy Above-515

RANBAXY :- Stock closed above the resistance of more than 1.5 years, and also breaks above the ascending triangle formation which is a positive signal, traders can build position at current levels or on every correction




Happy Trading !!!

 

[achiievers]

Re: Achiievers Equities Ltd

Achiievers,

What is "Cr balance" ? Is it same as trading account available balance ?

Also can you please elaborate on shortage penalty by answering another example as per below...

Say for example my trading account balance on 25-06-2014 is 6000 Rs then...

If i buy 1 lot (50 qty) of nifty 7500ce at 100 on 25-06-2014, so my balance would be 6000 - 5000(50*100) = 1000.

Now on 26-06-2014, i sell (closing 25-06-2014 position) 1 lot nifty 7500ce at 100, which is 50*100 = 6000 rs.
Then again on 26-06-2014, I buy 1 lot (50 qty) nifty 7600ce at 50, which is 50*50 = 2500 rs.

So now my question is...this 2500rs will get adjusted against my sell of 7500ce (6000 rs) or will it get deducted from my account balance which is only 1000 rs and thereby facing shortage penaly ?

Hi,

As per exchange Pay in / pay out Norms if you are the option buyer's then you need to pay premium on the trading day.


Scenario 1:

***If you make intraday trade on any option strike price the MTM profit will be pay in the next trading day (Trading day+1)basis .

For example You have cash margin of Rs5000 (Clear cash balance which has been uploaded under RMR VIEW LIMIT) & suppose you brought Nifty 7500 Call 1 lot at Rs100 & you sold the open position(1 lot Nifty 7500 call ) same day at Rs120.

Buy value =(100*50)=5000
Sold value =(120*50)=6000

MTM profit(6000-5000) Rs1000 which will be pay in very next day.

Scenario 2:On 1st April You have cash margin of Rs5000 (Clear cash balance which has been uploaded under RMR VIEW LIMIT) & suppose you brought Nifty 7500 Call 1 lot at Rs80 , you carry forward the open position for next trading session.

On 2nd April You have cash margin of Rs1000 (Clear cash balance which has been uploaded under RMR VIEW LIMIT) & you sold your existing open position at Rs140.

Note : If you sold your existing open option position(over night open position) the amount will pay in into your account on T+1 basis.

***Same day only you can use upto Rs1000 for other strike price.
Square off amount(140*50=7000) only you can use after pay in into your account(After T+1).

***If you use the Square off amount(Over night open position)Rs7000 for other option strike price as per exchange Norms it will be treat as shortage.

 

[achiievers]

Re: Achiievers Equities Ltd

Thanks Umesh12, It should be the way u said. But I think example of Achievers (see below) says different. So I want Achievers to confirm my example.

Hi,

As per exchange Pay in / pay out Norms if you are the option buyer's then you need to pay premium on the trading day.


Scenario 1:

***If you make intraday trade on any option strike price the MTM profit will be pay in the next trading day (Trading day+1)basis .

For example You have cash margin of Rs5000 (Clear cash balance which has been uploaded under RMR VIEW LIMIT) & suppose you brought Nifty 7500 Call 1 lot at Rs100 & you sold the open position(1 lot Nifty 7500 call ) same day at Rs120.

Buy value =(100*50)=5000
Sold value =(120*50)=6000

MTM profit(6000-5000) Rs1000 which will be pay in very next day.

Scenario 2:On 1st April You have cash margin of Rs5000 (Clear cash balance which has been uploaded under RMR VIEW LIMIT) & suppose you brought Nifty 7500 Call 1 lot at Rs80 , you carry forward the open position for next trading session.

On 2nd April You have cash margin of Rs1000 (Clear cash balance which has been uploaded under RMR VIEW LIMIT) & you sold your existing open position at Rs140.

Note : If you sold your existing open option position(over night open position) the amount will pay in into your account on T+1 basis.

***Same day only you can use upto Rs1000 for other strike price.
Square off amount(140*50=7000) only you can use after pay in into your account(After T+1).

***If you use the Square off amount(Over night open position)Rs7000 for other option strike price as per exchange Norms it will be treat as shortage.

Happy Trading !!!

 

[rmji]

Re: Achiievers Equities Ltd

Thanks Achiievers for your reply and it confirms that achiievers charges penalty in my above example and which most traders are not aware of.

***Same day only you can use upto Rs1000 for other strike price.
Square off amount(140*50=7000) only you can use after pay in into your account(After T+1).

Other brokers credit this square off amount same day on real time basis.

***If you use the Square off amount(Over night open position)Rs7000 for other option strike price as per exchange Norms it will be treat as shortage.

Achiievers, If you count "square off amount" only after T+1 then why does your system allow traders to use that "square off amount" for making another trade same day and thereby getting penalty for shortage ?
Also from all the trades done intraday, how do traders find and differentiate such "T+1 options amount" from other "options" money?

 

[achiievers]

Re: Achiievers Equities Ltd

Thanks Achiievers for your reply and it confirms that achiievers charges penalty in my above example and which most traders are not aware of.




Other brokers credit this square off amount same day on real time basis.



Achiievers, If you count "square off amount" only after T+1 then why does your system allow traders to use that "square off amount" for making another trade same day and thereby getting penalty for shortage ?
Also from all the trades done intraday, how do traders find and differentiate such "T+1 options amount" from other "options" money?

Hi..

Kindly follow the below link:


http://www.achiieversequitiesltd.com/Upload/Download/Risk Management Policy.pdf

Happy Trading !!

 

[achiievers]

Re: Achiievers Equities Ltd

Pick Of the Week 04.07.2014​

Scrip-MOTHERSUMI
CMP-374
Target-390-415
Stop Loss-350
Recommendation-Buy Above-375

MOTHERSUMI :- short to medium term trend of the stock is positive, as it is trading above all it 10, 20, 50 &200 DMA which is a positive signal. So, traders build long position at current levels or on every correction.


Scrip-DEEPAKFERT
CMP-168
Target-188-204
Stop Loss-153
Recommendation-Buy Above-169

DEEPAKFERT:- short to medium term trend of the stock is positive, as it is trading above all it 10, 20, 50 &200 DMA, on weekly charts stock has broken out of bullish triangle pattern which is a positive signal.




Happy Trading !!!

 

[achiievers]

Re: Achiievers Equities Ltd

Pick Of the Week 14.07.2014​

Scrip-ARVIND
CMP-205
Target-235-260
Stop Loss-180
Recommendation-Buy Above-206

ARVIND:- Medium to short term trned of the stock is positive and has just took a support at around 200 after a steep fall from 242 levels, traders can utilise this correction to take long position


Scrip-GPPL
CMP-130
Target-145-160
Stop Loss-112
Recommendation-Buy Above-131

GPPL:- Medium to short term trned of the stock is positive, stock has broken a bullsih triangle formation which is a very positive signal, traders can buil long positon at current levels or on every correction.




Happy Trading !!!

 

[umesh12]

Some amount has been debited every month, on account of

Late Payment for the period 01/04/14 to 30/04/14
Late Payment for the period 01/05/14 to 31/05/14
Late Payment for the period 01/06/14 to 30/06/14

Didnt get the word late payment. What sort of late payment has been made by us.
Please provide details on what account these debits were made.

Thanks