Zerodha....
- Thread starter bharath.mang
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Hi
zerodha I have been trading between reliance \ ongc and nifty futures for almost 3-4 years in good quantities with religare where as i buy stocks and sell nifty futures against them basically they are hedged trades with index stocks
1.now i would like to know would i be able to sell nifty futures against the stocks i hold or will i have to bring in margin for nifty futures seprately
2 what will be the charges of ILFS each time i sell my delievery holdings its 15 rs one side or 15 rs for selling only , is it more if i sell more then 1000 2000 or 5000 reliance
3.if i get margin as i understand all brokers allow you to sell nifty against stocks
WHAT HAPPENS IF THERE IS A HUGE SPURT IN NIFTY AND I HAVE SOME OVERNIGHT MTM , SAY NIFTY OPENS UP 5 % UP THOUGH MY STOCKS GAIN BUT NOT IN THAT PROPORTION AS I LOOSE MONEY IN NIFTY , would you then give my time to deposit mtm or square off my position my self or will you auto square off my stocks
4 With religare they dont square off my postion as i have 10 lack rs woth of reliance for 12 lacs rs of nifty i sell so even if my MTM loss is 1.5 lacks they still have 10 lacks worth of reliance and i can pay this amount or keep paying intrest till i bring in money or sell my postion how will it work at your end i usally take 5-6 positions every month
5 Does your RMS knows that i have these index stocks as usally where i trade the broker has own DP in your case as DP is ILFS i hope your system knows not to square of the nifty short postion when there is negative mtm
sorry for detailed questions but i was wondering if these trades can be done at your end as for 1000 reliance i pay 1000 + 1000 + STT Ect rs brokerage where as at your palce i will pay just 20 + 20 + STT Ect
Regards Mayank Shah
zerodha I have been trading between reliance \ ongc and nifty futures for almost 3-4 years in good quantities with religare where as i buy stocks and sell nifty futures against them basically they are hedged trades with index stocks
1.now i would like to know would i be able to sell nifty futures against the stocks i hold or will i have to bring in margin for nifty futures seprately
2 what will be the charges of ILFS each time i sell my delievery holdings its 15 rs one side or 15 rs for selling only , is it more if i sell more then 1000 2000 or 5000 reliance
3.if i get margin as i understand all brokers allow you to sell nifty against stocks
WHAT HAPPENS IF THERE IS A HUGE SPURT IN NIFTY AND I HAVE SOME OVERNIGHT MTM , SAY NIFTY OPENS UP 5 % UP THOUGH MY STOCKS GAIN BUT NOT IN THAT PROPORTION AS I LOOSE MONEY IN NIFTY , would you then give my time to deposit mtm or square off my position my self or will you auto square off my stocks
4 With religare they dont square off my postion as i have 10 lack rs woth of reliance for 12 lacs rs of nifty i sell so even if my MTM loss is 1.5 lacks they still have 10 lacks worth of reliance and i can pay this amount or keep paying intrest till i bring in money or sell my postion how will it work at your end i usally take 5-6 positions every month
5 Does your RMS knows that i have these index stocks as usally where i trade the broker has own DP in your case as DP is ILFS i hope your system knows not to square of the nifty short postion when there is negative mtm
sorry for detailed questions but i was wondering if these trades can be done at your end as for 1000 reliance i pay 1000 + 1000 + STT Ect rs brokerage where as at your palce i will pay just 20 + 20 + STT Ect
Regards Mayank Shah
Hi Upendra,
Thanks for sending the forms...
As far as charting is concerned, charting on sharekhan TT is better than NOW(TAME)... But what NOW lacks in charting is made up by the speed and reliability of the platform.... You can still look at sharekhan charting and place orders on NOW...
Cheers...
Sachin
Thanks for sending the forms...
As far as charting is concerned, charting on sharekhan TT is better than NOW(TAME)... But what NOW lacks in charting is made up by the speed and reliability of the platform.... You can still look at sharekhan charting and place orders on NOW...
Cheers...
Sachin
Hi Mayank,
Answers for all ur questions:
1. You can use the stock as margin for your nifty positions, but the stock has to be pledged for using as margin(works similar with all brokers)...
2. Selling per scrip is Rs 15(only 1 side).... Doesn't matter what the quantity is ....
3,4... As long as the positions are similar to what you have described, you will never face any margin issues....with 10 lk of stocks if you have shorted 12lk of nifty, nifty has to go 10% higher for you to loose 1.2lks...
5. Though dp is with ILFS for a client it makes no difference at all.. it works seamless for the clients... Our risk management software also will work seamless, even if the margin is given in terms of stocks....
hope this helps...
Cheers...
Answers for all ur questions:
1. You can use the stock as margin for your nifty positions, but the stock has to be pledged for using as margin(works similar with all brokers)...
2. Selling per scrip is Rs 15(only 1 side).... Doesn't matter what the quantity is ....
3,4... As long as the positions are similar to what you have described, you will never face any margin issues....with 10 lk of stocks if you have shorted 12lk of nifty, nifty has to go 10% higher for you to loose 1.2lks...
5. Though dp is with ILFS for a client it makes no difference at all.. it works seamless for the clients... Our risk management software also will work seamless, even if the margin is given in terms of stocks....
hope this helps...
Cheers...
Hi SACHIN,
I have forwarded my d-mat & tr ac opening forms yesterday by TEJ Couriers. They wanted me write phone no. on envelpe. I did not have one. Please let me know whether you received my application. Also as I have requested you
earlier, I want to (1) transfer my shares with kotak to you, (2) I am working and you will allot me one person whom I can tell my orders (3) procedure
for transfering funds. (4) Pl send master client ID ith NSE emblem on it without which Kotak will not transfer my shares. I am closing account with them. I am send PM for my cell and E mail.
Nanda M Sarwade-Goa.
I have forwarded my d-mat & tr ac opening forms yesterday by TEJ Couriers. They wanted me write phone no. on envelpe. I did not have one. Please let me know whether you received my application. Also as I have requested you
earlier, I want to (1) transfer my shares with kotak to you, (2) I am working and you will allot me one person whom I can tell my orders (3) procedure
for transfering funds. (4) Pl send master client ID ith NSE emblem on it without which Kotak will not transfer my shares. I am closing account with them. I am send PM for my cell and E mail.
Nanda M Sarwade-Goa.
:thumb: WOW sir prompt reply thank you
1 I do exactly what i described but i had seen nifty go up and hit 2 upper circuts in real life one would never face margin issues but i just wanted to know if that happens and i am loosing 1-2 lacks in nifty i hope to gain 2-3 lacks in my stocks last time it was a big outperformence to nifty but just in case I underperform i wanted to know that your system doesnt do more damage
2 I came accorss your thread yesterday and from what ever i could find out
you people are pure online brokers armed with auto square off feature so i was a little scared but now that u have told me that u have some control over RMS and some one will manage our trades in case of high-voltage volatile situations it sounds good
3 just wanted to know what happens to MTM in above case if i dont bring in margin your let me sell some reliance out of my trade say 200 and settle my MTM but there will be no autosquare off
4 I guess then same thing can also be worked in options like i can sell out of the money options and buy nifty bees also
5 Of course if i sign POA the stocks are pledged to you
mayank
1 I do exactly what i described but i had seen nifty go up and hit 2 upper circuts in real life one would never face margin issues but i just wanted to know if that happens and i am loosing 1-2 lacks in nifty i hope to gain 2-3 lacks in my stocks last time it was a big outperformence to nifty but just in case I underperform i wanted to know that your system doesnt do more damage
2 I came accorss your thread yesterday and from what ever i could find out
you people are pure online brokers armed with auto square off feature so i was a little scared but now that u have told me that u have some control over RMS and some one will manage our trades in case of high-voltage volatile situations it sounds good
3 just wanted to know what happens to MTM in above case if i dont bring in margin your let me sell some reliance out of my trade say 200 and settle my MTM but there will be no autosquare off
4 I guess then same thing can also be worked in options like i can sell out of the money options and buy nifty bees also
5 Of course if i sign POA the stocks are pledged to you
mayank
just finished reading whole thread. quite innovative approach. congrats zerodha and sachin. i wish to join your club too. just few queries a) if i have say 1000 ifci in ilfs demat and i sell 10, 20, 30 and so on everyday booking partial profit or loss while i be giving rs 15 on all such trades? i dont understand professional languages so please answer in layman way. b) if in urgency i cannot square off 10 time buy and i want to keep it instead of auction can i submit rest amount before evening oe next day i mean till when if i convert it to delivery. c) and last not least i trade on behalf or sat with cousin who is an nri. can an nri and i jointly open account with you. we use icici direct and charges are too high. any extra charge if nri account are entertained?
Hi Nanda,
You will receive your dp id from ILFS on your email and also on a welcome letter... you will have to fill this dp id on delivery instruction booklet given by kotak and submit it to kotak.. kotak should ideally transfer the shares in 1 working day to ilfs dp...
Do send us a mail once you receive your login ids and passwords, we will help you with the order placement bit also..
Cheers...
You will receive your dp id from ILFS on your email and also on a welcome letter... you will have to fill this dp id on delivery instruction booklet given by kotak and submit it to kotak.. kotak should ideally transfer the shares in 1 working day to ilfs dp...
Do send us a mail once you receive your login ids and passwords, we will help you with the order placement bit also..
Cheers...
Hi mayank,
if you have 10lks of reliance , you will have margin of more than 5 lks that will be released... margin required for taking 12lks of nifty positions will be around 1.2lks... so you can sit on it and have upto 4 lks loss and still have no issue with MTM...
We are definitely pure online brokers, but as I said once the shares are pledged, like the above scenario, you don't really have to worry about mtm...
Mayank do pm me your name and number or leave it on india@zerodha(in the sub mention my name)... will explain you how it will work..
if you have 10lks of reliance , you will have margin of more than 5 lks that will be released... margin required for taking 12lks of nifty positions will be around 1.2lks... so you can sit on it and have upto 4 lks loss and still have no issue with MTM...
We are definitely pure online brokers, but as I said once the shares are pledged, like the above scenario, you don't really have to worry about mtm...
Mayank do pm me your name and number or leave it on india@zerodha(in the sub mention my name)... will explain you how it will work..
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