Zerodha....

[newbie12345]

Why is Zerodha not replying? I have to pay AMC by 31st August with penalty, failing which they will again levy 2% penalty on the outstanding amount in September. So before paying AMC I want to clear all my doubts, for which I need to know Zerodha's reply. Please respond.

If you are indeed short on time then it makes sense to mail them or call up their customer care and ask for a clarification.

 

[megapixel]

Is it possible that a NIFTY company can go bankrupt ?

I'm holding Bharati Airtel@166 , PNB@681 and in a loss

bleeding ....There is no sign of recovery

 

[newbie12345]

Is it possible that a NIFTY company can go bankrupt ?

I'm holding Bharati Airtel@166 , PNB@681 and in a loss

bleeding ....There is no sign of recovery

Given your entry price, your trade in Bharti Airtel is still in profit, isn't it?

 

[megapixel]

Given your entry price, your trade in Bharti Airtel is still in profit, isn't it?

those are buy price ....delivery trade

 

[murthyavr]

I have one lot of nifty 5000pe (Aug) now trading at 0.50, it was bought by me at a slightly higher price.

Do I have to square it off, or I can allow it to expire worthless?

Thanks for any suggestions.

 

[Zerodha]

Zerodha,

I had posted images of my Jan-March and August AMC bills in my previous comment. I have noticed some discrepancy in it and I hope you will address my questions this time.

My trading account became operational in mid-August 2011 and demat in September 2011. Then why have I received the AMC bill for the Jan-March period? I had paid the six month AMC in advance while opening the account. So I should have got the AMC bill either after Jan or February, if you start 6 month advance payment count date from Aug or September respectively, that too if you include Aug and September in the count, else it should be after March or April.

ILFS yearly AMC is 400 rupees. So the bill should be of 200 rupees, as I had already paid the rest of the amount (Rs. 200) in advance. But, as you can see in the attached image in my previous post, I got the bill of 228 rupees! Saying it is of Jan-March period! And worse, in Aug AMC bill they have charged 2% interest penalty on it on account of non-payment of dues of Jan-March bill. What is this?

I had thought, after paying the six month AMC in advance, I can pay the remaining six month AMC of 200 rupees, with whatever just taxes, without any penalty, anytime in six month.

Kindly clarify these things.

Thanks

Hi Punter,

Can you email this issue to [email protected] with Sachin in the subject.. You can also leave me an offline message here and will get it sorted..

Don't worry about the penalty, if the charges are not right, we can have it waived off.. Please do send this out immediately..

 

[Zerodha]

I have one lot of nifty 5000pe (Aug) now trading at 0.50, it was bought by me at a slightly higher price.

Do I have to square it off, or I can allow it to expire worthless?

Thanks for any suggestions.

You can let it expire worthless.. The worry is only if the options expiry in the money and no issues if it is expiring out of money..

 

[newbie12345]

I have one lot of nifty 5000pe (Aug) now trading at 0.50, it was bought by me at a slightly higher price.

Do I have to square it off, or I can allow it to expire worthless?

Thanks for any suggestions.

You can safely let OTM options expire. Talking from past experience

 

[sr114]

Is it possible that a NIFTY company can go bankrupt ?

I'm holding
Bharati Airtel@166 ,today's Bharti Airtel price is Rs249
PNB@681 PNB - 674
and in a loss

bleeding ....There is no sign of recovery

is it right /correct price, or NOW terminal is giving wrong price quote>

 

[newbie12345]

is it right /correct price, or NOW terminal is giving wrong price quote>

I think his entry price for Bharti was 266. The 166 he posted could be a typo.

Can always look at stock options/futures as a means to hedge against adverse price movements in the cash segment. Works only for F&O listed stocks though.

If you are long current month Bharti Futures and it starts tanking, you can always sell next month futures, wait for things to stablize before going long/short again. This way you can at least limit your loss with no additional margin requirement. If you are the kind who exits when the stoploss is hit, then nothing like it. I have paid the price for holding on to loss making trades HOPING they would turn around. HOPE is the worst thing to be clinging on to, for a trader. Think of capital conservation first. I remember someone posting about Glodyne and I've been following it since then. Glodyne continues to hit lower circuit every day on low volumes. Hope no one gets caught in such situations. I remember buying a few Biotech startups before the big crash of 2008, the rest as we know, is history