Zerodha Part 2

[Zerodha]

zerodha
is it valid for all seqments or F&O only?

We will give MIS product, but would reduce leverage..

 

[timepass]

We will give MIS product, but would reduce leverage..

For NFO as well as CDS ??

 

[Zerodha]

For NFO as well as CDS ??

CDS we anyways don't give any extra leverage.. so won't matter..

For NFO also, we will give normal leverage, just no additional leverage..

To buy 1 lot of nifty you will need 28k until the budget announcements are done..

 

[Zerodha]

Zerodha,
Sorry for bringing up this again. But can you confirm this please?
The reason why I am asking is I checked my previous mails and found the following statement from Zerodha (Mr.Vinay), which is different from what is stated above regarding additional margin requirement . Or is this a recently added feature?

>> c) Currently Zerodha is not providing profit booking order, you need to
>> monitor both the orders and cancel one order which is pending after the
>> trigger of another order.
>> To place profit booking order and stop loss order at a time you need
>> have additional margin.
>>

Thanks
marker

Your conversation here triggered of a discussion among all the 70 members of our team and I realized a lot of them were not educated on this.

We sent an email clarifying , here is just a bit of the email to help you understand...

Guys/Girls,

Just to clear out confusion on the last email I had sent here is the explanation in detail:

1. While trading intraday/delivery equity and futures(equity or commodity):

You have 28k in your trading account and margin required for trading nifty futures is 28k. You buy 1 lot, so 28k gets blocked.
You first place a stop loss order or an exit order, you don't need any extra margin for this and hopefully all of you are clear on this.

When you place the 2nd order Sl or exit, do we need extra margin or not, is the question?
Yes we need extra margin, anything over Rs 28000 to place this.. So even if you have Rs 28001 you can place, but if you have 28000 or lesser then you can't..

Not clear, will explain it in the blog again and send you the link on this.

You have 30k in your account and you buy 1 lot of nifty at 6000( margin required: Rs28000), can you place a selling limit order at 6100 and Stop loss limit at 5900? If yes how and if no why not? Is the question asked in the Hash.

The answer is yes you can. You can because you have 30k in your account, more than28k, If you had exactly 28k you wouldn't have.
@shoaib, The answer that you had written on this is wrong, You will have to correct it and resend the scores to everyone....

2. For trading options:
This won't work for options because the margin required for buying and selling options vary quite a bit. For eg to buy 5700 calls at Rs 100, you need Rs 5000 to buy , but 28k to Sell , so if you have bought a position you can place only an exit order(or SL), for the stop loss(or exit) order extra margin will be asked.

Will put this up in the stop loss blog.

 

[timepass]

Hello Zerodha, does this hold good for all the futures ?? F&O as well as CDS ?

Note : I am using NOW.

Your conversation here triggered of a discussion among all the 70 members of our team and I realized a lot of them were not educated on this.

We sent an email clarifying , here is just a bit of the email to help you understand...

Guys/Girls,

Just to clear out confusion on the last email I had sent here is the explanation in detail:

1. While trading intraday/delivery equity and futures(equity or commodity):

You have 28k in your trading account and margin required for trading nifty futures is 28k. You buy 1 lot, so 28k gets blocked.
You first place a stop loss order or an exit order, you don't need any extra margin for this and hopefully all of you are clear on this.

When you place the 2nd order Sl or exit, do we need extra margin or not, is the question?
Yes we need extra margin, anything over Rs 28000 to place this.. So even if you have Rs 28001 you can place, but if you have 28000 or lesser then you can't..

Not clear, will explain it in the blog again and send you the link on this.

You have 30k in your account and you buy 1 lot of nifty at 6000( margin required: Rs28000), can you place a selling limit order at 6100 and Stop loss limit at 5900? If yes how and if no why not? Is the question asked in the Hash.

The answer is yes you can. You can because you have 30k in your account, more than28k, If you had exactly 28k you wouldn't have.
@shoaib, The answer that you had written on this is wrong, You will have to correct it and resend the scores to everyone....

2. For trading options:
This won't work for options because the margin required for buying and selling options vary quite a bit. For eg to buy 5700 calls at Rs 100, you need Rs 5000 to buy , but 28k to Sell , so if you have bought a position you can place only an exit order(or SL), for the stop loss(or exit) order extra margin will be asked.

Will put this up in the stop loss blog.

 

[marker]

Your conversation here triggered of a discussion among all the 70 members of our team and I realized a lot of them were not educated on this.

Wow.... Did I do that?:thumb:

Thanks
marker

 

[sr114]

Not yet, but they are planning to..

Sachin/Zerodha

now a hypothetical situation:

after taking a position in any commodity with just the prescribed margin - if in
T+1, the mtm is about is negative , then the margin component will also rise by about same amount of the mtm loss. now if a client does not pay the enhanced margin , the position is compromised . in this case, will MCX slap a penalty on the client due to the shortfall in margin, as this is done in NSE - the client is penalised by NSE


also- cud u furnish the circular regarding the margin shortfall penalty of NSE and the corresponding that of MCX

regards
subroto

 

[VJAY]

Your conversation here triggered of a discussion among all the 70 members of our team and I realized a lot of them were not educated on this.

We sent an email clarifying , here is just a bit of the email to help you understand...

Guys/Girls,

Just to clear out confusion on the last email I had sent here is the explanation in detail:

1. While trading intraday/delivery equity and futures(equity or commodity):

You have 28k in your trading account and margin required for trading nifty futures is 28k. You buy 1 lot, so 28k gets blocked.
You first place a stop loss order or an exit order, you don't need any extra margin for this and hopefully all of you are clear on this.

When you place the 2nd order Sl or exit, do we need extra margin or not, is the question?
Yes we need extra margin, anything over Rs 28000 to place this.. So even if you have Rs 28001 you can place, but if you have 28000 or lesser then you can't..

Not clear, will explain it in the blog again and send you the link on this.

You have 30k in your account and you buy 1 lot of nifty at 6000( margin required: Rs28000), can you place a selling limit order at 6100 and Stop loss limit at 5900? If yes how and if no why not? Is the question asked in the Hash.

The answer is yes you can. You can because you have 30k in your account, more than28k, If you had exactly 28k you wouldn't have.
@shoaib, The answer that you had written on this is wrong, You will have to correct it and resend the scores to everyone....

2. For trading options:
This won't work for options because the margin required for buying and selling options vary quite a bit. For eg to buy 5700 calls at Rs 100, you need Rs 5000 to buy , but 28k to Sell , so if you have bought a position you can place only an exit order(or SL), for the stop loss(or exit) order extra margin will be asked.

Will put this up in the stop loss blog.

Dear Zerodha,
Is it applied to MIS product too in commodity....? means if we buy crude with MIS (arround 15k needed) can we put orders of s/l & profit booking with this just abv 15K?

 

[columbus]

There is no change in price of BankNifty11800PE for last 30 min,but change is
shown in the CHART.

 

[msa5678]

Dear Zerodha,

I had placed a MARGIN SELL order for SATYAMCOMP today for 250 units @ 116.5. I am surprised to find that margin amount blocked for the same was 29000+. Have you started applying the increased margin rates 1 day prior to the announced date ?

Regards

P.S. I am sending my User id by PM for your perusal.