Trade Smart Online

[SmartTradeOnline]

ne discount broker offering margin in nrml....i want to hold TCS for a week and i can hold only 40 TCS with my 50000 rupees

Hello debanjan,
If you wish to buy a larger quantity and hold it over a longer period too, you might consider buying futures (as long as it is ok with you to manage the mtm loss if any).

 

[SmartTradeOnline]

How much margin is needed to input CNC buy/sell order? Say the order totals to Rs.1 lakh..

CNC is used for delivery purpose and requires 100% of the amount you are placing the order for.

So if you with to buy something worth Rs 1 lac, you'd need Rs 1 lac of available balance in your account.

Shortselling can only be done in MIS and not in CNC. You'd need to have the shares in your demat account to place a sell order. In that case no margin will be blocked as you own the shares you are trying to sell.

 

[SmartTradeOnline]

I have an NSE NOW query .

Basically I want to place an order to sell some equity stock at specific rate if reached.I already have the stocks in my account.

I found the Simultaneous Order Entry ..but am not sure if this could be used or is it used for some spread /options .

Thanks,
Raju

Hello Raju,
We don't think that GTC and GTD options are allowed in equity. However, please give us some time and we will confirm the same to you on Monday after talking to the NOW team.

 

[Raju]

SmartTradeOnline ,

Thanks..I am in no hurry .It might help me and friends to place such types of order and keep it open for days till executed /cancelled.Job doers would like such a feature of NOW who at times cannot open nsenow from office or have to travel continously.


Thanks,
Raju

 

[Nextgen_trader]

Hi

Looks you have a service to trade on commodities.

If yes, Can you help me with the brokerage structure& Terminal that you provide for trade
and margins for commodities etc....

 

[Mihir Bijur]

CNC is used for delivery purpose and requires 100% of the amount you are placing the order for.

So if you with to buy something worth Rs 1 lac, you'd need Rs 1 lac of available balance in your account.

Shortselling can only be done in MIS and not in CNC. You'd need to have the shares in your demat account to place a sell order. In that case no margin will be blocked as you own the shares you are trying to sell.

Ok so no money needs to be in the account for selling shares from Demat using CNC?

 

[Mihir Bijur]

Have you started VTC(valid till Cancel order)? ICICI Direct has started.

 

[SmartTradeOnline]

Hi

Looks you have a service to trade on commodities.

If yes, Can you help me with the brokerage structure& Terminal that you provide for trade
and margins for commodities etc....

Hello Nextgen_trader,
We do have commodities membership. However, for our discount trading business we have not started offering it yet.

Currently we are offering it only to franchisees and to high volume traders.

 

[timepass]

Hello VNS, what is this error ??

It went away after "Refresh Clients"

 

[SmartTradeOnline]

Ok so no money needs to be in the account for selling shares from Demat using CNC?

Hello Mihir,
Absolutely. If you wish to sell any of your delivery holdings in your demat account with us, you do not need any additional margin for the same.