Zerodha....

[Zerodha]

Re: Please make Nest more user friendly.

For example.
I buy 1 lot of Nifty at 5100 for which suppose margin is 10,000 for intraday.
Now, I want to put 2 more orders.
1 lot to sell at 5125
1 lot to stop out at 5075.

So you are saying that I need only 10,000 in my account, to put all these orders?

Sachin , please confirm?

Hi Sumo,

Yes we have gotten it activated for our clients taking equity and futures positions..

For options, it won't work though..

You get a margin benefit from the exchange even for placing orders.. Presently we don't have a tool that tells you how much, but we will have it out soon..

A lot of such benefits exchange gives, which a lot of brokers don't really pass it on.. Our tool, will show the exact margin benefits you will get..

But yes, no extra margin will be blocked if you place both the Selling and Stop loss for a position you hold.. You could try it out.. ..

 

[Smart_trade]

Re: Please make Nest more user friendly.

Hi Sumo,

Yes we have gotten it activated for our clients taking equity and futures positions..

For options, it won't work though..

You get a margin benefit from the exchange even for placing orders.. Presently we don't have a tool that tells you how much, but we will have it out soon..

A lot of such benefits exchange gives, which a lot of brokers don't really pass it on.. Our tool, will show the exact margin benefits you will get..

But yes, no extra margin will be blocked if you place both the Selling and Stop loss for a position you hold.. You could try it out.. ..

Is this "One cancels the other " type of order where one can put the profit booking and stoploss order ....triggering of one of them cancels the other ?

Smart_trade

 

[Zerodha]

i m from mp and i wana open account in zerodha what is the procedure of that and in how many days my account is activated.

Send us your number to [email protected], we will call you up and take you through the process..

 

[Zerodha]

For Equity trading no charge/interest involved but if you plan to do FO before T+2 then you will be charged if there is not enough margin(collateral+cash) (They do not consider the fund that u get on selling the Equity(CNC) immediately). After T + 2 everything is fine ...

It recently happened to me and got it clarified from Zerodha.

Yes this is something that everyone needs to be educated on.. SEBI has made it very strict margin rules today..

Only clear balance can be used to take f&o positions.. So if you sell equity and you take an option, this is short margina and you will be penalized the NSE short margin charges..

 

[Zerodha]

Dear Zerodha,

Is it possible to place SL order based using trigger price of another scrip.


Example :

NIFTY12JUNFUT = 5150
NIFTY12JULFUT = 5170

I want to place a BUY SL order for NIFTY12JULFUT which will be triggered when NIFTY12JUNFUT crosses 5150.

Is it possible.

Not possible on the terminal.. But there are some clients who do it on the Zerodha trader.. We will share with you an API, which you can design such a way that when any preset event happens, a new order would be generated, but you would still have to click on place the order.. Semi automatic kinds..

If you want this automated, has to be done through a terminal which is enabled for automated trading

 

[Zerodha]

Re: Please make Nest more user friendly.

Is this "One cancels the other " type of order where one can put the profit booking and stoploss order ....triggering of one of them cancels the other ?

Smart_trade

If one cancels other than it is supposed to be automated and NSE doesn't let you do so.. But you can place both the orders on futures and no extra margins will be blocked...

 

[megapixel]

Zerodha

Can you please reply to this post

http://www.traderji.com/brokers-trading-platforms/47790-zerodha-904.html#post694034

 

[GTji]

Can we also put SL order based on wether my neighbours wife wears a red saree or green?

Heck, if she wears pink, I will go with a market order

They won't allow it. NSE considers it as ' algo ' trading. It is allowed only for big institutional investors and traders and such.:lol:

 

[chandra1]

Re: Please make Nest more user friendly.

Hi Sumo,

Yes we have gotten it activated for our clients taking equity and futures positions..

For options, it won't work though..

You get a margin benefit from the exchange even for placing orders.. Presently we don't have a tool that tells you how much, but we will have it out soon..

A lot of such benefits exchange gives, which a lot of brokers don't really pass it on.. Our tool, will show the exact margin benefits you will get..

But yes, no extra margin will be blocked if you place both the Selling and Stop loss for a position you hold.. You could try it out.. ..

Hi Zerodha
When you started this. I mean placing 3 orders ( 1 buy/sell order + 1 target order + 1 stoploss order) under single margin, because I remember I got a reply from your customer care (some 4-5 weeks back) against my similar query as, "this is treated as 2 lots and so double margin".

 

[sumosanammain]

Re: Please make Nest more user friendly.

Hi Zerodha
When you started this. I mean placing 3 orders ( 1 buy/sell order + 1 target order + 1 stoploss order) under single margin, because I remember I got a reply from your customer care (some 4-5 weeks back) against my similar query as, "this is treated as 2 lots and so double margin".

Maybe they need a buy or sell completed order, then the sl and target orders? maybe they wont accept all 3 as pending orders under single margin