HDFC Sec Trading Help

#1
sorry for the noob question. i sold a few shares but i am not really sure where to check for the reflection of the payment. I wanted to release the funds which i got from the sale but i couldnt locate it And what excatly is net liquidation value? Thanks in advance :D
 
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yusi

Well-Known Member
#2
You do not Release funds from sale of shares; that only applies if you want to transfer unused funds you have put on Hold back to the bank account prior to the end of day.

Pending payment is reflected under My Trading Account --> Cash & Share Projection. Received payment is automatically credited to the linked bank account and would show in the online bank statement. You would also received a consolidated report at end of day once the payment is credited.
 
#3
Oh alright. so it basically gets credited to my bank account before the due date? Anyway to get them to lessen the brokerage rates?
 

yusi

Well-Known Member
#4
Oh alright. so it basically gets credited to my bank account before the due date? Anyway to get them to lessen the brokerage rates?
It basically gets credited to your bank account on/after the due date.

HDFC has nothing going for it whether it be brokerage, trading platform, demat charges. Run away; don't walk (I shouldn't be talking as a significant part of my holdings are still with them -- have not arranged an alternate for BSE scrips)
 
#7
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 .
 

yusi

Well-Known Member
#8
The Valid Till option specifies the duration for which the order will be pending.

Day (the default) means the order will be pending till the end of day if not executed. In BSE, I think the word SES (session) is used and means the same thing.

IOC (Immediate or Cancel) specifies that if the order is not filled in immediately it is cancelled. The fill may be full or partial or not at all. In Level 2/Best 5, you sometimes see large order that vanish in the next tick; they are such orders.

Dis Qty (Displayed Quantity) is the quantity you would like to be shown in Level 2/Best 5. For example, very frequently you see orders with a quantity of 1; traders are hiding the actual order quantity.
 
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#9
""
Dis Qty (Displayed Quantity) is the quantity you would like to be shown in Level 2/Best 5. For example, very frequently you see orders with a quantity of 1; traders are hiding the actual order quantity.[/QUOTE]
""

bUT Y do traders have to hide actual order quantity, what is benefit of doing that?
 

yusi

Well-Known Member
#10
bUT Y do traders have to hide actual order quantity, what is benefit of doing that?
For retail traders in most counters, there is little benefit. For thinly traded counters, it may increase the chance of your order getting executed. Why and how? Best to watch Best 5 live in action -- but that is not possible with HDFC Sec's web interface.

You could lookup terms like front-running, iceberg orders, penny jumping.
 

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