HDFC Sec Trading Help

beginnerTrade · #11 6th December 2011, 12:16 AM

Quote:

Originally Posted by riaz537

Cnc is cash and carry . You are buying and keeping it. Basically its delivery. Margin on the other hand is for intra day trading where for huge amts you need to pitch in a bit and the bank will pitch the rest and it will be squared off at the end of the day. If its heading towards a loss you can always convert it into delivery . Beginners are usually advised to stay away from intra day trading .

In case of HDFCsec if i select product as cash, and purchased & sold the shares on same, will it be considered as intra day trading or delivery?

before the end of the day if i wont sell intra day shares then bank will forcibly sell those shares at current price?

Thanks in advance

CASPER · #12 6th December 2011, 03:10 AM

Quote:

Originally Posted by beginnerTrade

In case of HDFCsec if i select product as cash, and purchased & sold the shares on same, will it be considered as intra day trading or delivery?

before the end of the day if i wont sell intra day shares then bank will forcibly sell those shares at current price?

Thanks in advance

BeginnerTrade,

In HDFCsec if you buy and Sell on the same day its considered as intraday ..It will be considered as delivery ONLY if you DONT buy in Margin and you DONT square of before Market closes ..., i.e you have paid FULL cash for purchase. At End of Day the shares will be added to your Default Portfolio.

If you buy in Margin and don't square off by 2:45..., HDFC sec will auto square off ( Pls confirm the timings that was the time the last time i read on their website) ...

If you wish to do Only intraday and if you have Sufficient Money its advisable NOT to buy in margin so that u will have an added advantage that you can square off even before couple of minutes before the market closes. Mainly you can hold for a longer period than people who trade with Margin money ...thats an added advantage ..

In case you are using BLINK software of HDFC there are lots of BUGS in the software ... If you are using ... I shall highlight them here.

Hope the above helps...,

Cheers...,

sditn · #13 9th December 2011, 05:27 PM

Incase if you sell shares, the funds are expected into your saving account on T+2 working days. However there is an instant buying limit which you can view under the Limit option & same can be used to buy other shares against the sale proceeds.

There is no need to release the funds as its an online trading account. Net Liquidation Value is the value calculated on closing value of the scrip and quantity traded till the trade settled.

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