Zerodha Part 2

[Zerodha]

Guys, margin requirement for Cover orders has been brought down.. You just need 25% of Future margin to trade.. Square off time is 3.20 pm..

So if nifty future margin is 25k, you need only 25% of this which is around 7k...

Leverage is like brahmastra(secret weapon) .. Use it only when you absolutely are sure about the trade, otherwise try to be as under leveraged as possible..

Happy Trading...

 

[sumosanammain]

Guys, margin requirement for Cover orders has been brought down.. You just need 25% of Future margin to trade.. Square off time is 3.20 pm..

So if nifty future margin is 25k, you need only 25% of this which is around 7k...

Leverage is like brahmastra(secret weapon) .. Use it only when you absolutely are sure about the trade, otherwise try to be as under leveraged as possible..

Happy Trading...

Muuuuaaaahhhh!!!!!!!!

Now dont blush

 

[Zerodha]

Zerodha,

Just wondering about RM during sudden/flash crash that we have been seeing recently.

What is someone has gone long in nifty future and has about 30K cash and lets assume for the day the margin u provide for intraday is 50%, so that one enters a trade for 1 lot for 12500 margin. Now one is left with 17500 (worth 350 point loss). And suddenly because of various reasons like algo trading, fat fingers etc etc which exchanges can provide, nifty plunges more than 500 points.

What next. Immediate liquidation of the trade at your end, or do you have some logic to wait and confirm what happened ?

Usually the flash crashes last for a few minutes.. Typically you will know the ones caused by errors like fatfingers and etc.. We would wait in these scenarios..

But if the situation is more macro, we typically would ask for higher margins( like on news days) or if market gets volatile we again ask for higher margins.. In these kind of situation we are pretty strict, helps both the trader and us with us being disciplined about risk management...

 

[cooljai]

Options Brokerage

On the Zerodha website, the brokerage for options is given as "0.01% or Rs. 20/Trade whichever is lower", same as that of Futures.
On the calculator (website and the standalone excel sheet) the futures calculation is correct and changes depending on the turnover.
But for options, there seems to be no calculation for the Brokerage field, Rs.40 is applied by default.
Is this a mistake, or is there some other logic behind this?

 

[ewmin555]

Its time to leave Zerodha... A year before i traded with ICICI, and found Zerodha as a better Brokerage firm. As average i am giving Zerodha 400/day as brokerage which means 8000/ month. But i feel RKSV is even better than Zerodha with their Freedom plan, which costs 1950/month. Where as they also using same NOW & Nest plugins. So i can save 6000 rs. Thanks Zerodha for your good support....

 

[sansarva]

Of course I do. Money doesnt grow on trees... this was confirmed by our Prime Minister too

come on sumo,don't sound naive, money does grow on trees ... for at least colleagues of Prime Minister, for youand me though..

 

[DataRam]

Of course I do. Money doesnt grow on trees... this was confirmed by our Prime Minister too

Yeah True !! I agree money doesn't grow on trees for aam [mango] aadmi [people]. . Prime minister spared the Apples [Whoever is not a Mango] and allowed them to grow money on trees, grass, shrubs , in the coal mines and even in air[spectrum]. :rofl:

 

[mprakash1972]

Hi sachin,
Margin for option writing is also 25% if we use cover order?
regards,
M prakash

 

[VJM]

Nr-7

Scrip buy abv sell below
GODREJIND 311.30 306.10
ACC 1,413.50 1,389.75
GLAXO 2,007.70 1,990.00
LT 1,719.65 1,692.00
FEDERALBNK 493.00 487.60
BEML 313.00 307.30
BHEL 242.00 238.10
DELTACORP 71.90 70.40
HINDALCO 114.75 112.95
LICHSGFIN 248.00 244.20

Volume in 1st 15 minutes shud be checked before trading.
regds
VJM
Seniors please suggest if any other techniques can be used along with NR7...

Excel file can be sent on email..

 

[a1b1trader]

Re: Options Brokerage

On the Zerodha website, the brokerage for options is given as "0.01% or Rs. 20/Trade whichever is lower", same as that of Futures.
On the calculator (website and the standalone excel sheet) the futures calculation is correct and changes depending on the turnover.
But for options, there seems to be no calculation for the Brokerage field, Rs.40 is applied by default.
Is this a mistake, or is there some other logic behind this?

Hi Cooljai
For options, brokerage is charged as per index/stock turnover and not as per option premium, and so it is 20+20 for Nifty.