Achiievers Equities

[narayan78]

hi bhai-log,

not able to open backoffice of achii for past two days anybody facing this problem.

how to see trading amount in NSE NOW.

with cheers,
narayan.

 

[narayan78]

fire fox error message

also tried with IE , chrome

 

[TraderRavi]

may be some maintenance work on weekend.
for viewing cash limit in NOW .......under surveillance-rms Limits

 

[trader15]

For Cover Order trades, the SL automatically taken by the software is at 5%. So the required margin blocked in Cover Order facility is 5%.

Example 1: If any stock like Ranbaxy futures requires a margin of 34% in NRML mode, the margin required in cover order would be fixed at 5% of the turnover of each lot. i.e if Ranbaxy futures trading at Rs 400 and has a market lot of 500, then the entire turnover of 1 lot Ranbaxy futures is Rs 200000. In NRML the required margin would be 34% i.e. Rs 68000/- whereas in cover order facility it would be 5% i.e. Rs 10000/-. Here it seems that there is an exposure of 6.8 times in cover order.

Example 2: Reliance futures requires margin of 11% in NRML mode. It would be 5% in cover order mode. If Reliance is trading at Rs 870/- with market lot of 250, then turnover of 1 lot Reliance future is Rs 2,17,500/-. In NRML the margin required is 11% i.e. Rs 23925/- but in cover order it would be at 5% i.e. 10,875/-. Here it apparently seems that there is 2.2 times exposure in cover order.

Example 3: Nifty futures trading at 6060 with market lot 50 and margin required 7% in NRML and 5% in Cover order. So, margin required would be 21,210/- in NRML and 15,150/- in CO.

Example 4: Banknifty trading at 10,360 with market lot of 25 and required margin of 12% in NRML and 5% in CO. So margin required would be 31,280/- in NRML and 12,950/-in CO.

In case of MIS trades, the margin required is just half the margin required in NRML mode. But the margin required in CO is as per above calculation. It has been identified that only in Nifty futures, it is better for the trader to execute positions in MIS mode rather than in CO mode as the margin required is less in MIS compared to CO. This is an exception and the NOW is working on the same. For all other scripts, CO is better than MIS in terms of margin requirement.

Please note in case of MIS only Span Margin is calculated and block for trading, but in case of CO (Cover Order) trade in future segment NOW Surveillance systems calculate SPAN+ Exposure Margin for execution.

Hope this helps.

For any further clarification, please feel free to get back.

How r brokers like zerodha able to give lower nf margin for cover. As per zerodha it is 7200 for cover n 11000 for mis

 

[achiievers]

Our Pick of the Month :

ABB - CMP 558 , TGT 590-610 , SLOSS 535 , Buy above 560

OBEROIRLTY - CMP 173 , TGT 190-200 , SLOSS 155 , Buy above 178

 

[achiievers]

Our Pick of the Week :

HDFC Bank - CMP 658, Tgt 680-700 , Sloss 640 , Buy Above 660

Havells - CMP 710, TGT 730-750 , Sloss 690 , Buy above 710

 

[TraderRavi]

How r brokers like zerodha able to give lower nf margin for cover. As per zerodha it is 7200 for cover n 11000 for mis

hi achiivers, this is very valid query , other brokers allowing CO for 1 lot NF at only 7200 , then why it is 14500 at achiivers ? its double margin, please do something in this regard.

 

[achiievers]

How r brokers like zerodha able to give lower nf margin for cover. As per zerodha it is 7200 for cover n 11000 for mis

Zerodha is providing Cover Order in Omnesys’s NEST Terminal.

As we provide NOW Terminal and in NOW, Cover Order calculate and blocks 5% of the total margin require and Zerodha Block 1.5% to 3% (While placing a cover order, client have to mandatorily place a stop loss order within a 1.5%/3%/5% range from where he/she is entering the stock/contract and cannot cancel them).Omnesys provides the tuning of Margin requirement in Cover Order which we cannot do in NOW.

Its little bit risky but we are in talks with NOW and once it is implemented by NOW, we will start offering the same to our Clients.

 

[sudhakar1980]

My Question is to Achiievers Equities ,in your now terminal nest plus chart option is possible/avialble ? also tell me if so back fill data in say minute chart is for few
days also can avail?

 

[ram2010]

Zerodha is providing Cover Order in Omnesys’s NEST Terminal.

As we provide NOW Terminal and in NOW, Cover Order calculate and blocks 5% of the total margin require and Zerodha Block 1.5% to 3% (While placing a cover order, client have to mandatorily place a stop loss order within a 1.5%/3%/5% range from where he/she is entering the stock/contract and cannot cancel them).Omnesys provides the tuning of Margin requirement in Cover Order which we cannot do in NOW.

Its little bit risky but we are in talks with NOW and once it is implemented by NOW, we will start offering the same to our Clients.

VPS provides cover order in now terminal for nifty fut.

Correct me if iam wrong.