Absolute Beginner Guide.

maddy_invest · #31 17th November 2008, 02:30 PM

Quote:

Originally Posted by gsalvadi

Genrally, brokers having pool account will allow you to sell before t+2 settlement. Only after two working days the stock comes to your demat. That means, only after two working days the stock comes to your ownership. Meanwhile, there will be settlement process. This is the basic system followed by SEBI.

Some brokers like ICICI (i don't know about Reliance.sorry) have a list of BTST (Buy today sell tomorrow) stocks. If your stock comes under the list you can sell before you get it to your demat, otherwise you can not.

These corporate brokers generally have some restriction on this issue because, you may get a "bad delivery" of stocks you purchased. If so, the seller would be fined thru some standard procedure. If the stock you purchase becomes Bad delivery, there are two chances. 1. You may get them little late. 2. You may be compensated by cash. This is the regulatory system. If you have sold the stock which has not come to your hands, if it becomes bad delivery ( means the seller not able to give the shares for some reasons) then every action will be taken against you as you can not give delivery to the person who has bought from you.

Brokers having pool account could manage this problem.

If you think I have not made it clear, then just understand this.

Brokers like Reliance, ICICI, Kotak , the big brands have some restrictions.
Other brokers will have adjustable system which allow you to sell the next day. And beware of the fact that the "adjustable system" has negative sides too.

Cheers

Thanks a lot gsalvadi for the quick reply.Actually Reliance has ATST(Acquire Today Sell Tomorrow).Is it the same thing as BTST in ICICI ?

Sla sailo · #32 17th November 2008, 08:14 PM

Hello Hari,
First of all you can simply call me by the name sailo. I'm just a student reading BBA(bachelor of business administration) IIIrd semester and really finds financial markets interesting.. None of my colleagues feeds my need nor my lecturers.. I'm sorry for that. And so i've been exploring many times a day for many....

specially on forex trading.. So i dont even know where i am, where and how to start, what do i need..

So please FEED..
Yea... may be one day i could open a help box for my friends at the trading circle

... Waiting for your response..

gsalvadi · #33 17th November 2008, 10:43 PM

Quote:

Originally Posted by maddy_invest

Thanks a lot gsalvadi for the quick reply.Actually Reliance has ATST(Acquire Today Sell Tomorrow).Is it the same thing as BTST in ICICI ?

Yes. Though the word BTST is being used around, beware of the fact that it is a registered trademark (really) of ICICI Securities. Being a big brand, Reliance obviously can not use it. I guess they name it as ATST.

Basically both are same process of allowing you to sell the stock before it is officially come to your demat.

haribird · #34 17th November 2008, 11:04 PM

Quote:

Originally Posted by maddy_invest

Hi All,

I have a question regarding the delivery of the stocks.Though I'm not sure whether this is the right place to post.

My broker(Reliance Money) delivers it to me after T+2 days means today + 2 days.Within this time if the stock behaves badly I cannot sell it off using the normal way.Is there any way in which I can sell the stock between these span?
The stock is visible in ATST projection.

Regards,
Maddy

Quote:

Originally Posted by gsalvadi

Genrally, brokers having pool account will allow you to sell before t+2 settlement. Only after two working days the stock comes to your demat. That means, only after two working days the stock comes to your ownership. Meanwhile, there will be settlement process. This is the basic system followed by SEBI.

Some brokers like ICICI (i don't know about Reliance.sorry) have a list of BTST (Buy today sell tomorrow) stocks. If your stock comes under the list you can sell before you get it to your demat, otherwise you can not.

These corporate brokers generally have some restriction on this issue because, you may get a "bad delivery" of stocks you purchased. If so, the seller would be fined thru some standard procedure. If the stock you purchase becomes Bad delivery, there are two chances. 1. You may get them little late. 2. You may be compensated by cash. This is the regulatory system. If you have sold the stock which has not come to your hands, if it becomes bad delivery ( means the seller not able to give the shares for some reasons) then every action will be taken against you as you can not give delivery to the person who has bought from you.

Brokers having pool account could manage this problem.

If you think I have not made it clear, then just understand this.

Brokers like Reliance, ICICI, Kotak , the big brands have some restrictions.
Other brokers will have adjustable system which allow you to sell the next day. And beware of the fact that the "adjustable system" has negative sides too.

Cheers

Maddy,
He answered your query well. No other words to say.
Hari.
--
Gsalvadi,
Well done gsalvadi.
Hari

haribird · #35 17th November 2008, 11:07 PM

Quote:

Originally Posted by bijovyppil

thanks hari & gsalvadi for the interest taken for this beginner.... what i was trying to mention was that i am not getting the first five minute chart as the ones you are posting.. i mean in a big size.. sorry for the trouble.. actually i am not so familiar with the software..is there any zooming option there ? i know the way of getting charts in different forms( candlestick,line,bar...) but dont know how to post it here..also please give the full forms of wrb & eod( is it end of the day?)..
thanks and regards
bijo

In Sharekhan TT there is a zooming option and also the mouse middle stroller works for it.
Also some tricky mouse moves will make the charts appear big.

WRB = Wide Range Bar
EOD = End Of Day
For more abbreviations see this post: http://www.traderji.com/day-trading-...tml#post251435

Hari

Abhishek87 · #36 18th November 2008, 12:15 AM

Hi Guys,

Among such technical things, would like to get the answer to this small query which you may find funny but it nags me all the same...

Everyday we see that the markets open higher/lower than the previous day. How and Why does this happen. Isn't the market supposed to open at the same value. The only explanation that comes to me is that there is after market-hours trading also...Is this the reason? Please Explain

Thanks a lot

gvgs98 · #37 18th November 2008, 04:24 AM

Share price is reflected by Psychological factors, which could be positive or negative. The time gap between the close price and the next day's open price is around eighteen hours. During this time often these psychological factors change like our moods. If those factors are positive you see a higher open price than the closing price or vice versa....

HTH

Quote:

Originally Posted by Abhishek87

Hi Guys,

Among such technical things, would like to get the answer to this small query which you may find funny but it nags me all the same...

Everyday we see that the markets open higher/lower than the previous day. How and Why does this happen. Isn't the market supposed to open at the same value. The only explanation that comes to me is that there is after market-hours trading also...Is this the reason? Please Explain

Thanks a lot

irfan91 · #38 18th November 2008, 12:40 PM

Please can any body expalin how can I open NRI Direct Account and is it advisable to open with ICICI please help me and ICICI account is capable to give me margin for tarading and how many times it give please give me details in simple language because lam new for trading..and one more thing about the charger of ICICI bank while buying and selling a share.

Thanks hope some one will help me

gsalvadi · #39 18th November 2008, 07:41 PM

Quote:

Originally Posted by bijovyppil

thanks gsalvadi,
today i experimented with the software and it seems nice.. will u pls explain what wrb & eod stands for
regards
bijo

Sorry for being late

Hope Hari helped it out

Abhishek87 · #40 19th November 2008, 09:39 PM

Hi guys,

I am 21 and am just starting in the market scenario. I would like to invest in MF but don't really have an idea on what basis should I be picking one? I have visited some sites and they say you should pick one based on your age, profile etc. So, my age as told is 21 and I tend to invest for mid-term priod (neither long nor short)... Need help from you people as to which MF fund should I use and why?

Also, how and on what parameters should I compare the different MFs? How do i compare their returns?

Thanks a lot...

The Following User Says Thank You to haribird For This Useful Post:
gsalvadi (18th November 2008)

The Following User Says Thank You to haribird For This Useful Post:
bijovyppil (18th November 2008)

The Following User Says Thank You to gsalvadi For This Useful Post:
bijovyppil (19th November 2008)