Re: Jahangir_alam
@avijit_trade,
Cover order product such an unique kind of product it's exposure depend on underlying SPAN Margin requirement for Future trading.
Basically One gets leverage 1.6-6 times for example...
For Nifty Future Margin requirement 8% in such cases customer gets exposure 1.6 times because our system block only 5% margin (exposure=Nifty SPAM Margin/5%).
Another example :
If XYZ underlying margin requirement is 25% then customer gets exposure upto 5 times (25/5).
For cash segment intraday trading customer gets 20 times exposure default.
Note:This product is applicable for only those stocks traded NFO segment.
Happy Trading !!!
I suppose, cover order for future trading is meant for intraday only. What is the cut off time.
Please explain the working of CO for NF taking 8500 as LTP to initiate a trade. What will be the margin for 1 lot and stoploss levels etc.
Similarly, post some examples for cash segment also. Taking 1000/500 as LTP for some XYZ scrips. What will be total amount required to initiate a trade, how many scrips will be allowed (max limit) and stop loss etc.
Thanks