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Zerodha

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Hello Zerodha

Can you tell me how much time it will take to pledge my shares and if i want to sell them what is the procedure

If i give 30 % cash will i be able to trade without any fuss

Can i buy back calls sold and sell nifty bees if the call becomes in the money
without any hassle

Because some one from the forum told me it would not be possible to trade with you people as you don t have online system

Once your system goes online would everything be like normal broker

I have read the thread and am not able to understand clearly about this issue

BINNI
The whole idea behind asking 30% cash is to ensure that there is no confusion when there is a mtm loss..

Today if you are trading with a broker and you have a mtm loss and you are unable to bring in that loss by end of the day, there are 2 problems that can happen.. 1. Broker squares off your holding to make good of the mtm loss 2. You are also levied exchange penalty for having short margins.. To ensure that this doesn't happen having cash available will ensure that none of the above scenarios happen...

You intend to pledge and write december calls, so once pledged you don't have to worry about unpledge and etc.. But even if you decide to cover the calls and sell your etf's , it can be done immediately..

Once we go online on our new platform, it should become seamless like other brokers who offer this facility...( We are also normal brokers .. ;) ) ..
 

Zerodha

Well-Known Member
if we are long in nifty then how to place SL order in the system in NOW
click on the sell button choosing the nifty future contract.. (what you would do to normally sell the nifty)

In the type of order you will see Limit, market, SL , SL-M

Choose either SL or Sl-M( it becomes a selling Stop loss order)

In SL-M , mention the trigger price and submit.. When trigger is hit, your order will get sold at the market price..

In SL, mention trigger and limit.. When trigger is hit, a selling order is sent to the exchange with the limit price you have mentioned...
 

Lambuking

Well-Known Member
The whole idea behind asking 30% cash is to ensure that there is no confusion when there is a mtm loss..

Today if you are trading with a broker and you have a mtm loss and you are unable to bring in that loss by end of the day, there are 2 problems that can happen.. 1. Broker squares off your holding to make good of the mtm loss 2. You are also levied exchange penalty for having short margins.. To ensure that this doesn't happen having cash available will ensure that none of the above scenarios happen...

You intend to pledge and write december calls, so once pledged you don't have to worry about unpledge and etc.. But even if you decide to cover the calls and sell your etf's , it can be done immediately..

Once we go online on our new platform, it should become seamless like other brokers who offer this facility...( We are also normal brokers .. ;) ) ..
Nice to know that ... which again begs the same question:rofl::rofl: ... when is the new platform going live ....:rofl:
 

soft_trader

Well-Known Member
Nice to know that ... which again begs the same question:rofl::rofl: ... when is the new platform going live ....:rofl:
I am bored asking the same question to them several times :eek:

They simply don't know the exact date. All we can hope for their 2nd birthday and even by then the NEST platform doesn't came about. We may have to wait for Diwali (Muhurat trading).
 
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