Zerodha....

[ashwinskariaabraham]

Hi, thing about IPV is our IPV we are alright with the photo but sometimes ILFS would want to do a webcam IPV... Will keep you posted about it... We are working on a demo for NOW... But you could definitely leave us a mail and someone will give you a demo live through remote...

hi zerodhaji,

when will the in person verification be done?
i cant wait to start trading. i have already mentioned that i am starting the account in my mothers name. so with regard to inperson verification please contact her. i have mailed you her number cause the number mentioned in the form is my number.

 

[goyalcyber]

Hi Sachin,

There is a Column in the NOW Terminal Market Watch "Spot Price". Is it possible to view spot LTP price with that if I add only FNO scrips in the market watch as only 55 scrips can be added.

Kindly comment.

Mohan Goyal

 

[rajeabc]

Hi Sachin/Other members
-how to put stop loss in a position.. (Ex:I have taken Nifty long at 5670 and want to keep a stop loss at 5650 )
- How to square off a position at a particular price rather than on market price..
(EX: Say , NITY is trading at 5700.. I want to square of my long position when it touches 5720 ..)

Thanks

 

[Zerodha]

Hi Sachin,

There is a Column in the NOW Terminal Market Watch "Spot Price". Is it possible to view spot LTP price with that if I add only FNO scrips in the market watch as only 55 scrips can be added.

Kindly comment.

Mohan Goyal

You can have multiple market watch windows saved ... You can add spot and future price on the same window..

 

[gauharjk]

Hi Sachin/Other members
-how to put stop loss in a position.. (Ex:I have taken Nifty long at 5670 and want to keep a stop loss at 5650 )
- How to square off a position at a particular price rather than on market price..
(EX: Say , NITY is trading at 5700.. I want to square of my long position when it touches 5720 ..)

Thanks

For stop loss, put a sell order @5650 with a trigger price of 5650. That would work.

I faced the same issue. But as Sachin said, to square off at your desired price, just create a sell limit order at the price you want to sell...

I hope NSE Now software gets better in times to come...

Cheers!

 

[gauharjk]

I contacted Zerodha office today to ask about the stocks (equities) I had purchased yesterday, which did not show up in Holdings window...

They said the delivery could happen after 3 days.

They also told me selling stocks BTST would be risky as shares are not yet in my DP, and selling shares that were bought a day before could turn into short delivery, attracting penalties.

In Motilal Oswal terminal, which I used earlier, DP got credited after 3 days too. But in the meantime, I could access those shares in the F&O Pledged Stock segment.

There was no risk in selling the stocks you own...

I hope a similar system is developed for NSE Now software for Zerodha too...

Cheers!

 

[superman]

firstly, when you put a stop loss and a limit exit order, one order won't automatically get cancelled when other gets executed.. You would have to manually cancel the order which didn't get executed...

If you want to put a stop .. click on idea, choose a sell order, in the drop down box choose SL and put a trigger price and a limit price... in your case, you can keep trigger as 58.05 and limit as 58.

To put limit sell order at 63, choose sell and put a limit selling at 63...

Just as i expected
Why cant NSE,BSE allow both target and SL in a single order
As far as i know ,No broker so far supports this
What if one is outstation/busy after 10AM and cant look up at the market
NSE,BSE has done this such that they expect the traders to be round the clock and want to manually cancel either SL or target sell order if one gets achieved

 

[Zerodha]

I contacted Zerodha office today to ask about the stocks (equities) I had purchased yesterday, which did not show up in Holdings window...

They said the delivery could happen after 3 days.

They also told me selling stocks BTST would be risky as shares are not yet in my DP, and selling shares that were bought a day before could turn into short delivery, attracting penalties.

In Motilal Oswal terminal, which I used earlier, DP got credited after 3 days too. But in the meantime, I could access those shares in the F&O Pledged Stock segment.

There was no risk in selling the stocks you own...

I hope a similar system is developed for NSE Now software for Zerodha too...

Cheers!

The thing about BTST which a lot of brokers don't tell you......

There is no risk in selling stocks you own, but you don't own it till you get it in your demat account. Settlement cycle is T+2, if you buy a stock for delivery on monday you will get it into demat only on wednesday evening...

Let me try explaining with an example:

You buy 100 shares of reliance on Monday, on Tuesday these are called as T1 holding(some people call it BTST or ATST positions). T1 holding file is visible on the NOW terminal. The 100 shares of reliance comes to your demat only on Wednesday evening.

Assume you sold the shares on Tuesday as a BTST trade...

Wednesday evening you are supposed to get the 100 reliance to your demat account, assume the counterparty defaulted and you don't get the 100 shares of reliance. Why will the counterparty default?? Assume this guy who sold you this 100 shares was an intraday trader and he forgot to cover his positions. He has to deliver the shares to you, but he has no shares and hence you don't get the shares... The person who has defaulted is taken to auction where he pays a penalty and you will get this auction benefit which is not fixed(can range from 3to 10% of the stock price based on liquidity in auction market)...

Thursday, The shares you sold on tuesday has to be delivered on Thursday, But you don't have the 100 shares to deliver because the person who was to deliver it to you on wednesday defaulted.... On thursday you become a defaulter and you are taken to the auction market...

Between the wednesday's auction market and thursday's auction market is what can cause the problem...Usually the problem doesn't occur, but you might be the 1 in 500 clients who have gotten hurt bad because of this...No broker will take this loss on his head if there is one... If an RM has told you there is no risk of doing a BTST trade, he is wrong... BTST trade has a risk component, a very low risk with liquid A group stocks, but there is... As the quality and liquidity of stock worsens the auction risk keeps going up...

As far as pledging of shares for f&o margin is concerned, we are putting up an automated system similar to that of a motilal....

Hope this helps...


Cheers...

 

[Zerodha]

Just as i expected
Why cant NSE,BSE allow both target and SL in a single order
As far as i know ,No broker so far supports this
What if one is outstation/busy after 10AM and cant look up at the market
NSE,BSE has done this such that they expect the traders to be round the clock and want to manually cancel either SL or target sell order if one gets achieved

A mystery that I haven't yet been answered... Simple things like GTC orders, the orders you mentioned etc are not possible in India... Something got to do with the exchange servers....

 

[ashwinskariaabraham]

hi zerodhaji,

when will the in person verification be done?
i cant wait to start trading. i have already mentioned that i am starting the account in my mothers name. so with regard to inperson verification please contact her. i have mailed you her number cause the number mentioned in the form is my number.

hi you didnt reply to my mail. please tell me when this ilfs proceedings will be over and when i will be able to start trading. please quicken proceedings cause i am really excited start trading.