Zerodha....

[Zerodha]

@ All

Someone Please Answer This Question ............

shekharz

To your question...

1. If you buy stocks for delivery 100 of DLF, firstly you need to have entire cash margin in your account. Assume DLF is at 250 and you have 25k in your account.. you can go ahead and buy 100 DLF for delivery... Once you take delivery, you can sell it
a. during the day itself. It will be considered as intraday trade.

b. Tomorrow. Which is called as BTST trade(buy today sell tomorrow). If you do a BTST trade, there won't be any DP charges as the shares wouldn't have hit your demat account.

c. If you don't sell it as BTST, on the T +2 day, you will not be able to sell it because this is the day of settlement of your shares. You can sell it anytime after this. Equity is T+2 settlement cycle. What it means is if you buy shares, it comes to your demat in T + 2 and if you sell shares the money comes to your account in T+2. So if you sell your shares on monday, you can withdraw the money only by wednesday.

d. When you are holding the shares, you can sell it and cover it back as many times as you want and it would be considered as an intraday trade. Typically with us you can do a short intraday equity trade only till 3.10pm, but if you hold stock in your demat, you can sell it and buy it back even after 3.10 pm....

2. If you short in equity without holding the stock, you can hold the position only till 3.10pm and nothing after that. You need to use the product type as MIS to do this..

 

[adityasaraf007]

To your question...

1. If you buy stocks for delivery 100 of DLF, firstly you need to have entire cash margin in your account. Assume DLF is at 250 and you have 25k in your account.. you can go ahead and buy 100 DLF for delivery... Once you take delivery, you can sell it

[....]

b. Tomorrow. Which is called as BTST trade(buy today sell tomorrow). If you do a BTST trade, there won't be any DP charges as the shares wouldn't have hit your demat account.

[....]

Wouldn't the shares go for auction in case of BTST....

 

[Zerodha]

Wouldn't the shares go for auction in case of BTST....

When you do a BTST trade, there is a small risk of auction which is always there...

This is how it works,

Assume on monday you buy 100 dlf, you will get delivery of it only on Wednesday..

IF you sell DLF on tuesday, you will have to give delivery on thursday...

The risk here is, if the guy who sells you the share defaults , you will end up defaulting on delivering the shares and can be taken to auction...


Assume, I give you a cheque on monday for 10k and assuming that my cheque will clear on wednesday, you issue a cheque to your friend... If my cheque clears, there is no issue... What if my cheque bounces?? You end up bouncing your cheque as well and have to pay the bank charges...

 

[adityasaraf007]

When you do a BTST trade, there is a small risk of auction which is always there...

This is how it works,

Assume on monday you buy 100 dlf, you will get delivery of it only on Wednesday..

IF you sell DLF on tuesday, you will have to give delivery on thursday...

The risk here is, if the guy who sells you the share defaults , you will end up defaulting on delivering the shares and can be taken to auction...


Assume, I give you a cheque on monday for 10k and assuming that my cheque will clear on wednesday, you issue a cheque to your friend... If my cheque clears, there is no issue... What if my cheque bounces?? You end up bouncing your cheque as well and have to pay the bank charges...

So, in essence.... when it arrives in your pool a/c on wednesday... you keep it with yourself and don't credit my demat a/c with shares..... isn't it something unlawful.... afterall, one should complete the whole process of a transaction....

Have never done it and hence a bit unaware about the practical side of it...

 

[Zerodha]

So, in essence.... when it arrives in your pool a/c on wednesday... you keep it with yourself and don't credit my demat a/c with shares..... isn't it something unlawful.... afterall, one should complete the whole process of a transaction....

Have never done it and hence a bit unaware about the practical side of it...

If you have bought shares, we are probably the only brokers in the county who don't do any pool business.. So if you have bought, it will come to your demat on wednesday directly...

But if you bought on monday and sold on tuesday, there is no point transferring it to your demat and immediately debiting from your demat.. If we do this, you will have to pay extra dp charges... As I said, some brokers do it, fortunately for a lot of you, we believe these practices are unethical and would never do it...

 

[hc9001]

If saved ur secret strategies in Nest Plus..

Even though NSE NOW has 22 days Intraday 1 minute charts with all popular indicators and even auto trading scripts, its better you use something else to analyse.

:lol:
If you are very successful trader [profit regularly], your broker obviously know you. Then if u saved ur market watch with ur secret indicators [say particular, ema, stoch, macd values ... etc] & other customized strategies on Nest Plus etc.
How safe your time tested secret strategies?
No offense to Zerodha/NEST Team. Just thinking..

Happy Trading. Cheers.

 

[machan2k6]

Rubbish NSE NOW and Zerodha man. Let me tell my experience.

After a days trading, i checked the 'positions' box option 'detail' in NOW [ 2 options 'detail' and 'overall' available in the app].
Some mismatch which I could not understand. Called Zerodha. they offered a call back with details. They did but neither I or him was not sure about what he was talking. in a nut shell, the point was , no need to check the 'detail' option in NOW. Always 'Overall' and 'Netwise'.

So , today i took a put option of 2 lots NIFTY. Had to go somewhere, so on F11 admin positions window , when 'daywise' [ only 100 was visible ie 2 lots nifty]- 'overall' was selected, in QTY , Selected Qty%, put 100 and squared off. DOOMED. $#^%$^&%

Existing position already in loss of 12K also got squared off with this small trade. LOSS of 10 TIMES OF TODAYS TRADE value.

TOTAL LOSS OF 11.4 K.

Called zerodha: Answer is " buy back if you want the position. I said with the bull^&it functionality of your application, I lost 12K. What about that, guy asked me "WHO DID TRADE".

NOW YOU DECIDE ......

 

[enmy]

Was referred about zerodha from a friend yesterday. anyone who has used their services??? They are saying 20rs/trade , we can buy and sell as much, for intraday delivery and fno... If anyone already opened, do give me a view... thanks.....

I do understand like zerodha is the only firm charges Rs.20/- per trade..
If u buy 1 lot of nifty or 1000 lots of nifty... its charge only 20/- per trade.... it means irrespective of quantity.
It is a very great news for me to trade in the Futures for less brokerage:thumb:...
Thanks for Zerodha.......:clap:

 

[shekharz]

To your question...

1. If you buy stocks for delivery 100 of DLF, firstly you need to have entire cash margin in your account. Assume DLF is at 250 and you have 25k in your account.. you can go ahead and buy 100 DLF for delivery... Once you take delivery, you can sell it
a. during the day itself. It will be considered as intraday trade.

b. Tomorrow. Which is called as BTST trade(buy today sell tomorrow). If you do a BTST trade, there won't be any DP charges as the shares wouldn't have hit your demat account.

c. If you don't sell it as BTST, on the T +2 day, you will not be able to sell it because this is the day of settlement of your shares. You can sell it anytime after this. Equity is T+2 settlement cycle. What it means is if you buy shares, it comes to your demat in T + 2 and if you sell shares the money comes to your account in T+2. So if you sell your shares on monday, you can withdraw the money only by wednesday.

d. When you are holding the shares, you can sell it and cover it back as many times as you want and it would be considered as an intraday trade. Typically with us you can do a short intraday equity trade only till 3.10pm, but if you hold stock in your demat, you can sell it and buy it back even after 3.10 pm....

2. If you short in equity without holding the stock, you can hold the position only till 3.10pm and nothing after that. You need to use the product type as MIS to do this..

@ Zerodha

Thanks very much bro for clarifying everything in detail.

Cheers

shekharz

 

[comm4300]

Rubbish NSE NOW and Zerodha man. Let me tell my experience.

After a days trading, i checked the 'positions' box option 'detail' in NOW [ 2 options 'detail' and 'overall' available in the app].
Some mismatch which I could not understand. Called Zerodha. they offered a call back with details. They did but neither I or him was not sure about what he was talking. in a nut shell, the point was , no need to check the 'detail' option in NOW. Always 'Overall' and 'Netwise'.

So , today i took a put option of 2 lots NIFTY. Had to go somewhere, so on F11 admin positions window , when 'daywise' [ only 100 was visible ie 2 lots nifty]- 'overall' was selected, in QTY , Selected Qty%, put 100 and squared off. DOOMED. $#^%$^&%

Existing position already in loss of 12K also got squared off with this small trade. LOSS of 10 TIMES OF TODAYS TRADE value.

TOTAL LOSS OF 11.4 K.

Called zerodha: Answer is " buy back if you want the position. I said with the bull^&it functionality of your application, I lost 12K. What about that, guy asked me "WHO DID TRADE".

NOW YOU DECIDE ......

problem is with understanding of NOW application rather than any fault from Zerodha.