Trade Smart Online

[traderite]

Hello traderite,
There seems to be some misunderstanding. We'd encourage you to check with NOW if this can be done.

Let's take an example,

Value of 1 lot of Banknifty @ 11800 = 11800 x 25 = 295000
Margin % at Rs 7000 /lot = (7000/295000) x 100 = 2.3%

Considering the stop loss is to be 1% below this 2.3%, it'll have to be around 1.3%.

According to NOW team, this can not be done as they have fixed the stoploss % at 2.5-3%.

So if you are looking for margin benefit, yes it'd be much more in case of stock futures.

Currently there's a feature missing in NOW without which we'd not like to start cover orders in stock futures. We've requested NOW to include the same. Once that is done, it'll be launched for stock futures too.

You have given good information. :thumb:

I asked my friend and he said that whenever he placed the cover order , a warning came up as a pop up message that the client's margin has crossed certain limit [somewhat high], and it needed an ok to continue to place an order.

I have started using NOW recently only so not able to tell things as precisely as they should be and my statements refer to a third person communication and might have flaws so its good that you place your point effectively for clarity.

Thanks.

 

[timepass]

TP bhai , I don't get any messages at all. Has anything to be done through Settings ? I am new to NOW so somewhat confused.

Maybe it has something to do with the settings in preferences.. I did make some changes - changed "pop-up message" to "flash message"

 

[TradeSmartOnline]

Maybe it has something to do with the settings in preferences.. I did make some changes - changed "pop-up message" to "flash message"

Yes, this is the setting that needs to be changed for that.

 

[neoman]

@tradesmart
suppose I buy a share today as delivery(CNC) and sell it tommorow in CNC before the share is credited to my demat account then do I still have to pay Demat/Delivery transaction charge which is 15rs or only brokerage,STT etc will be applicable?

 

[timepass]

The msg about "FRL in ban period" appeared THRICE once after another. Why the repetitions ? You give a msg once, allow for some gap at least, if it is necessary to repeat. I think there's no need for repetition.

 

[XUV-500]

@tradesmart
suppose I buy a share today as delivery(CNC) and sell it tommorow in CNC before the share is credited to my demat account then do I still have to pay Demat/Delivery transaction charge which is 15rs or only brokerage,STT etc will be applicable?

IMO , answer is NO.
But there's a risk attached with BTST- delivery shortfall - if u didn't get delivery, u will fail to deliver.

If we sell it on T+2, practically risk with delivery shortfall will be nill, but will we be charged DP charges ?

 

[Trade2Learn]

IMO , answer is NO.
But there's a risk attached with BTST- delivery shortfall - if u didn't get delivery, u will fail to deliver.

If we sell it on T+2, practically risk with delivery shortfall will be nill, but will we be charged DP charges ?

i have interacted with quite a few brokers regarding this query.
Most of them do not allow to sell it on the next day.
T+2 is also risky if u are selling before u have received the shares in demat as we do not know there can be delivery shortfall .Its highly improbable that it happens in liquid stocks but jab time kharab ho to kuch bhi ho sakta hai:lol:

 

[TradeSmartOnline]

@tradesmart
suppose I buy a share today as delivery(CNC) and sell it tommorow in CNC before the share is credited to my demat account then do I still have to pay Demat/Delivery transaction charge which is 15rs or only brokerage,STT etc will be applicable?

Yes, demat transaction charges will be applicable.

Let's take an example,
You buy 100 Reliance on Monday
You sell 100 Reliance on Tuesday (ofcourse there's a risk of shortage and auction. But for our example, let's say if that risk were not there at all)

On Wednesday you will get 100 Reliance in your demat account
On Wednesday evening itself, it'll be taken out for the shares payin.

Since the shares come into the demat account and then go out the demat transaction charges will be applicable.

 

[Trade2Learn]

Yes, demat transaction charges will be applicable.

Let's take an example,
You buy 100 Reliance on Monday
You sell 100 Reliance on Tuesday (ofcourse there's a risk of shortage and auction. But for our example, let's say if that risk were not there at all)

On Wednesday you will get 100 Reliance in your demat account
On Wednesday evening itself, it'll be taken out for the shares payin.

Since the shares come into the demat account and then go out the demat transaction charges will be applicable.

I asked the same question on online chat on ur website few days back .They told me that we cannot sell the shares on T+1 day
Do u allow it ?

 

[neoman]

IMO , answer is NO.
But there's a risk attached with BTST- delivery shortfall - if u didn't get delivery, u will fail to deliver.

If we sell it on T+2, practically risk with delivery shortfall will be nill, but will we be charged DP charges ?

In T+2 once the share is in your demat account after that whenever you sell it,it hardly matter and Demat transaction charge will be applicable but here I wanted to know what happens in T+1 and from the response received from tradesmart we will have to pay Demat transaction charge in that also.
So practically speaking there is no difference when you sell it you have to pay demat transaction charge.