Zerodha - Number One Discount Broker in India

[Zerodha]

hi Zerodha,

Few queries-

1-The 60 day challenge u have started does that mean for eg. at the end of 60 days a trader makes total of 100 trades and even if his NET PROFIT after the completion of 60 days is Rs 100 only u will be refunding the full brokerage with service tax of all the 100 trades?
Am i right in understanding this?

2-Can we convert a carry fwd position of our future into MIS after 1 or 2 or 3 days to release margin for intraday trading.If yes can we again convert it to NRML after sqauring the intrday trades?

3- Do u provide cover orders for all the futures or only for few of them ??

1. Yes brokerage will be refunded but not the service tax

2. Yes everyday, you can convert NRML to MIS to free up margin and then do vice versa before 3.20pm. Check this blog: http://www.zerodha.com/z-connect/blog/view/zt-position-conversion

3. Cover orders for all futures.

 

[stock72]

Hi zerodha,

What the max qty in Nifty futures a retail trader like us can open up .?

seems there is a cap is max qty on the single order .. guess it is 16000 ( 320 lots ) if it exceed beyond it freezes ? please correct and guide .

 

[Zerodha]

Hi zerodha,

What the max qty in Nifty futures a retail trader like us can open up .?

seems there is a cap is max qty on the single order .. guess it is 16000 ( 320 lots ) if it exceed beyond it freezes ? please correct and guide .

It is actually 200 lots on nifty now, it was reduced by the exchanges..

 

[stock72]

It is actually 200 lots on nifty now, it was reduced by the exchanges..

so we can go on build with 200 lots per order ? what the max cumulative cap ?

 

[Zerodha]

so we can go on build with 200 lots per order ? what the max cumulative cap ?

2.5% of the open interest I think, which i am sure will be quite a bit for Nifty atleast..

 

[madhav_dam]

Hi zerodha,

What the max qty in Nifty futures a retail trader like us can open up .?

seems there is a cap is max qty on the single order .. guess it is 16000 ( 320 lots ) if it exceed beyond it freezes ? please correct and guide .

Here's the link to it: http://www.google.co.in/url?sa=t&rc...hnV4EU9fUXGhxB8nR9LLERQ&bvm=bv.52434380,d.bmk

 

[Price Pattern Recognition]

It is actually 200 lots on nifty now, it was reduced by the exchanges..

Hi,
Zerodha & stock72

Currently Maximum Lot Size for NIFTY is 100 ONLY [5000 units] not 200 Lots. It was reduced again from previous 200 few months ago. :annoyed:

NSE is becoming narrow minded day by day.

 

[Trader J]

Hi,
Zerodha & stock72

Currently Maximum Lot Size for NIFTY is 100 ONLY [5000 units] not 200 Lots. It was reduced again from previous 200 few months ago. :annoyed:

NSE is becoming narrow minded day by day.

Wow Its great, they yet not block my ID, I can still have order size 10K.....:clapping:

 

[Price Pattern Recognition]

Wow Its great, they yet not block my ID, I can still have order size 10K.....:clapping:

You are correct we can have presently size 10k, very few tested that.
But just few month ago it was reduced to 100 lot.

Still lot size is showing as 100 in the old web site of NSE which is also functional.
http://www.nseindia.com/content/fo/fo_mktlots.htm

New web site says it is again 200.

Probably they increased the lot size again from 100 to 200 after criticism. But it is better to not take the risk of quantity freeze (it can waste 15 min or more).

Better to use multiple orders with lot size 50 safely.
I don't think they'll will dare to decrease the max lot size lower than 50.

Happy Trading.
Cheers.

 

[gandhara]

Hi stock72
Do you trade only nifty futures?