Zerodha....

[comm4300]

--------------prob. solved.

 

[Zerodha]

bhai...tell this to NOW terminal !!!

still won't let me take any position.
logged in/logged out a couple of times. still not luck!

sending across screenshot via email....to you.

Sure.. Put attn sachin in the subject... Also check out if you have any open orders...

 

[FXCMholic]

Zerodha/seniors:

on friday i took option position [bought] and squared off the same this morning.

my netwise position is zero as shown by F11 screen. however, margin is not released yet.

what is the normal amount of time for release of margin amount?

it has been 3 hours since squared off my position.

You can immediately use released margin though NOW does not update margin position immediately.
If you want to check your margin before taking any position, you can weblogin and check it under Positions>>RMS Sublimits. Here it gets updated immediately.

 

[comm4300]

Sure.. Put attn sachin in the subject... Also check out if you have any open orders...

you replied even before i could edit my post.

thanks. the problem was in my order entry [no. of lots exceeded my total available margin after profit booking].

thanks again.

 

[Zerodha]

@ Zerodha / Sachin

I am writing below two questions, please spare some time to guide me as well as many others too upon this. Here goes the questions :-

(1) Suppose I have only 27000 in my account and I buy two lots Banknifty Future (@ 9700) today morning with the Intraday facility that Zerodha provides. At EOD, Banknifty does not move at all and closes at 9703 hence covering the brokerage etc and therefore, I still have 27000 in my account OR one lot Banknifty Future. As per Zerodha terms, one lot is squared off at around 3 PM already and it is certain that I am still holding one lot Banknifty Future with the 27000 amount mentioned above. NOW THE CONFUSION IS, the next day when markets are open and I am already carrying one lot Banknifty Future with all of my money (no money left in trading account), now please clear whether I would still be able to trade in another lot of Banknifty Future as per Intraday limit from Zerodha or not.

(2) In Hedging (commodities that I know, that too in AngelBroking), my nephew used to put only 10-20K in his account and used to buy one lot Crude of current month and sell one lot Crude of next month & he always used to carry such positions for days. After such trade is executed, he several times used to take other positions in commodities too with the same amount AFTER he already took the positions in Crude. When asked, he told me that under Hedging, such trades are possible with very-very less money in your trading account. My question is, does Zerodha provides such facility to trade in Nifty/BankNifty & Stock Futures too?

Waiting for appropriate answer from Zerodha, though valuable inputs from other members are welcome too in this regard.

Cheers

Shekhar

Hi Shekar,

1. Yes 1 lot would be squared off around 3pm and your other lot will remain in the account... What will be charged as brokerage for that day would be as applicable for the trades executed...
Next day morning, you can again take another lot for an intraday trade and keep it again till 3pm that evening...

2. The strategy is called calendar spreads, where you buy one expiry of a particular contract and sell the other expiry of the same contract... So if you buy nifty this month and sell nifty next month, it is called a calendar spread... The risk is hardly any and hence the margin required is lesser... According to NSE, all calendar spreads, require margin only on one side.. So if you buy this month nifty and sell next month nifty, you need only around 25k for both contracts together to hold it overnight... Otherwise it would have been 50k....

Calendar spreads in commodity can be very tricky and a lot of people bet on spreads... Unfortunately in the equity markets, you don't really get any serious opportunities, any small opportunity that comes, STT makes the trade unviable...

Cheers..

 

[cbiswas]

NSE confirmed that, NSE-NOW is not working on Blackberry BIS. It is very disgusting. Now, I like to know whether it is working in Blackberry Playbook ?
Angel released it's playbook software !!:annoyed:

 

[abliss_ready]

Has anyone tried NSE NOW mobile application on Samsung Galaxy Note? Does it work well without any issues?

 

[sam2trade]

Was following up this thread regularly sometime back, and missed few pages. So might be missed many of the information reg any changes/improvements/benefits with this thread.

My issue is,
My trading account was opened long back, and was waiting for my demat account to be opened.
How the process went with Il&FS is,
IPV was done first, then they told me the form was not proper, and asked me to send back the forms again with few corrections.
They requested me to send the scanned copy before sending the hard copy. I did the same, and was told form was all good to be sent.
I thought of checking with them if my cheque is still within the validity period (since I don't want them to keep quiet if my cheque is past the validity period, and when I followup they might say the same reason).
they said the form was returned to Zerodha, and to contact them.

Is that IL&FS is the only option to fully utilise Zerodha ?

Please let me know how should I proceed further.
I agree that I took a couple of days in between to send the softcopy of the forms.

Thanks,
Sameer.

 

[FXCMholic]

Has anyone tried NSE NOW mobile application on Samsung Galaxy Note? Does it work well without any issues?

It works smoothly on Gingerbread OS, no issues.

 

[Zerodha]

Zerodha / Sachin

Thanks for a very prompt & adequate reply.

Regarding point 2, the doubt remains still, please clarify whether Zerodha provides the same facility of Calendar Spread in Equity/Derivative Trading or not. I am just curious to know, thatsall.

Cheers

shekhar

PS : By the way, thanks for information about the term Calendar Spread, I was not aware of that earlier.

Yes you get the margin benefit by trading calendar spreads with us... You also have a direct window to place calendar spread orders.. Check out, spread order entry window...