Zerodha Part 2

[moneypick]

I have opened an account with Zerodha and I have installed ZerodhaTrader_V.3.10.57.97.7. I need help on following points:

(1) There is an option for registration in Nest Plus. Is it free or we have to pay for it ?

(2) Only intraday chart is visible in equit as well as commodity segment.
When I try to see historical chart it give me following error window:
"Request : nexus_db_vwap, Process:Nexus_vwap, Error:
Request unkown. Please contact Administrator"


(moneypick)

 

[calic]

I have opened an account with Zerodha and I have installed ZerodhaTrader_V.3.10.57.97.7. I need help on following points:

(1) There is an option for registration in Nest Plus. Is it free or we have to pay for it ?

(2) Only intraday chart is visible in equit as well as commodity segment.
When I try to see historical chart it give me following error window:
"Request : nexus_db_vwap, Process:Nexus_vwap, Error:
Request unkown. Please contact Administrator"


(moneypick)

(1)It is free
(2)First you have to register in Nest Plus.Then you will be able to view both intraday&historical charts using Nest plus plugin command

 

[calic]

Zerodha
(1) In marketwatch the VWAP Close of any script shows the value zero always

 

[megapixel]

What I have cited above is a real case, that happened with one of my friend with a renowned broker (It was not on Satyam day) It happened just recently (3-4 months back) and that too in a nifty trade.

He had a long position of 2 lots of Nifty, and was in good plus side, has much more than margin requirement in his trading account. Unaware of the reality he sent some amount so as to add further position. The next day when he tried to place the order, the orders were rejected repeatedly due to short of funds.

And when he contacted the broker on phone he came to know that the amount he sent was adjusted to his margin account. Nobody there was ready to explain the actual situation. Later on, he came to know that his margin requirement was enhanced to some 7 lakhs (and no information was given to him to this effect, moreover, even if he would have been informed before hand, he was not in a position to deposit this hefty margin) and he had to pay additional money and only then he will be allowed to trade.

When he discussed this situation with one of his friend he suggested him to square off his position, so that the margin money already paid, would be released and he could buy in cash stocks. He squared off his position and thought that trouble has ended.

But no, it was not so, he was slapped with a hefty penalty (in thousands) (this also without any information) for this trade, and he came to know about this penalty and the margin slapped, after he received his monthly/ quarterly statement). He doesn't know who got this penalty amount, the broker or the exchange.

So, Sachin, what is your opinion on this.

This is not a fair practice. .... this way biggies has become big through this channel for a long time untill zerodha , rksv came to the field and the game changer ....will it be possible to post the name of this infamous broker.....blacklist and avoid it.

omg..guy is profiting and margin is increasing ....awesome tricks.

 

[ganapathi]

Hi all,

this is my first post as I am new to this place and also recently opened account with zerodha.

I am having real pain in using it.

I just buyed one stock yesterday and wanted to sell it off today. I don't know how to sell it off online(trade.zerodha.com).
I am seeing the stocks under "T1 HOLDINGS".

please guys how do i sell it off?


Regards

 

[My investmentz]

Hi all,

this is my first post as I am new to this place and also recently opened account with zerodha.

I am having real pain in using it.

I just buyed one stock yesterday and wanted to sell it off today. I don't know how to sell it off online(trade.zerodha.com).
I am seeing the stocks under "T1 HOLDINGS".

please guys how do i sell it off?


Regards

If you are having pain kindly take a pain killer :clap:if you dont know how to sell your shares just call and ask them

when you are wrong why blame zerodha blame them where they are wrong
IF you feel like

 

[ganapathi]

If you are having pain kindly take a pain killer :clap:if you dont know how to sell your shares just call and ask them

when you are wrong why blame zerodha blame them where they are wrong
IF you feel like

No mate. You have assumed that I blamed them. I recommended it to 4 of my friends.

Though zerodha explained, I couldn't quite understand.

Here is what they said:
Your shares are under T1 Holdings now. By tomorrow evening they will come under T2 Holdings and on monday under "positions" and then you can sell it off.I was shocked.

why can't i sell it on the next day itself?
Is it like there are few stocks we cannot sell away the next day but only after 2 days? If yes, how do I identify such stocks?

Thanks for your swift reply mate.
Regards

 

[Zerodha]

Zerodha,

Why are you not replying to mails. BSE & BFO segment is not activated in my account. Sent the mail yesterday night still no reply.

Emails get answered within a couple of hours, I guess we might have missed it.. Can you PM me your client ID, will get it done immediately..

 

[Zerodha]

Originally Posted by shri_r3 View Post
Zerodha,
Then I placed square off option and set limit price and its still open order at set price is higher.



I use F11 option to square off positions.

Can you send me your client id/contact to [email protected], put sachin in the subject.. Will call you and figure out..

 

[Zerodha]

What I have cited above is a real case, that happened with one of my friend with a renowned broker (It was not on Satyam day) It happened just recently (3-4 months back) and that too in a nifty trade.

He had a long position of 2 lots of Nifty, and was in good plus side, has much more than margin requirement in his trading account. Unaware of the reality he sent some amount so as to add further position. The next day when he tried to place the order, the orders were rejected repeatedly due to short of funds.

And when he contacted the broker on phone he came to know that the amount he sent was adjusted to his margin account. Nobody there was ready to explain the actual situation. Later on, he came to know that his margin requirement was enhanced to some 7 lakhs (and no information was given to him to this effect, moreover, even if he would have been informed before hand, he was not in a position to deposit this hefty margin) and he had to pay additional money and only then he will be allowed to trade.

When he discussed this situation with one of his friend he suggested him to square off his position, so that the margin money already paid, would be released and he could buy in cash stocks. He squared off his position and thought that trouble has ended.

But no, it was not so, he was slapped with a hefty penalty (in thousands) (this also without any information) for this trade, and he came to know about this penalty and the margin slapped, after he received his monthly/ quarterly statement). He doesn't know who got this penalty amount, the broker or the exchange.

So, Sachin, what is your opinion on this.

hmmm... Confused... It cannot happen, especially on nifty.. Last time margin for nifty went up during the day was during those mayhem days in 2008 and that too by not more than 15-20%..
If you are saying a popular broker and this, there must be some other side to this story, which your friend hasn't probably told you..Ideally shouldn't have happened for nifty from the time it started trading, that the margin goes up by so much during the day..