Religare online trading help

#12
Trading Account: Intra day/obligation/delivery

IntraDay is for that Day Only. If you don't square up before 3.10 PM, Open Buy/Sell Position will be AutoSquared at Market Price

Delivery is for actual Buying & Selling Shares. Shares will be credited / debited to your Demat A/c. Normally it takes 2 days to receive Delivery of Shares. Hence You can't sell during those 2 days.

Certain Shares are allowed for Selling before the actual Delivery. This is Obligation


Trade Type:

MAR : Margin (Intraday Trading)
DEL : Delivery (Delivery Trading)

Order Type:
Market : Buying or Selling at CMP (Current Market Price)
Limit : Buying Lower than CMP or Selling Higher than CMP
Stop Loss: Buying Higher than CMP or Selling Lower than CMP
Trigger : It is between CMP & StopLoss. It is point where order is triggered & Buying/Selling is done within the StopLoss Price

AMO: After Market Hours. Will get executed in next day's session.

Cheers
PAKatil
Thanks PAKatil
 
#13
Hi All

I have been using Religare for quite some time now and have questions on the user interface and how I can use the RaceLite account to buy/sell shares. I got answers to few questions from this thread. But I have some more.

Please help me out with the following:
1. How do I short sell shares? What is the concept of Auction?
2. What is Obligation in Trading Account drop down.
3. What are all the drop down options that come in for example:
What do Order Terms - DAY and IOC mean?
Under Trading Account - DELIVERY, What do TRADE TYPES - DPF, DPH and BEN mean? (PS> I get these options if I try to SELL a stock, not BUY).

Also, when I try to Sell a stock(Intraday), I get the error:
"xxxxxxx does not have sufficient permissions to place order on ABCStock from INTRADAY"

Again, in Delivery, when I right clicked on a scrip(whose stock I have purchased for delivery long ago) and select SELL from the context menu and confirm the oder to sell in DELIVERY with all other options as default, I get the error:
"xxxxxxx does not have any Free Stocks (INExxxxxxxxxx) to sell."

Any idea why I get these errors?

Next, if I specify a limit order to buy a certain stock, the balance in my account gets locked up and if the order doesnt get executed, when does the money get freed so I can give an order again?

And last question: How do I avoid the session getting expired (if its possible). If I leave the window inactive for some time and I get back and give a trade order, it logs me out saying the session has expired. Can this logout functionality be disabled?

Please help me out with these queries. I recently lost some money due to selecting the wrong option unknowingly. Dont want to do that again.

Thanks
Sreenath
 
#14
Hi Sreenath,

I have been using race-pro for quite sometime now and used race-lite before that.

Most of your questions have already been answered and for the remaining i will try my best.

short sell as you see is more of a concept. it is nothing more then selling shares without even having them. the only catch is that you have to square them off i.e. buy back the same number of shares before the market closes otherwise your broker will automatically do the needful somewhere around 3:10-3:15.

The order term day means that your order will remain open the whole day till the market closes unless the scrip price reaches your stated price in which case it will be immediately triggered, till that time your funds will also remain locked-up.

I had no idea about delivery trades as I am an intraday trader so pardon me on that part.

regarding the Limit order if you choose the option IOC and if the scrip doesnt reach your price immediately than it will be cancelled immediately and our fund wont get locked up. Also i want to add here that i am using Race-pro and i have the liberty to cancel my order till the time it gets executed.

for the last question: yes i also had the same problem with their web platform and the only option seems pressing F5 every few minutes...your window gets refreshed this way....

Hope m able to be of some help to you

Regards
Rajat Aryan Kush
 
#15
Hi All

I have been using Religare for quite some time now and have questions on the user interface and how I can use the RaceLite account to buy/sell shares. I got answers to few questions from this thread. But I have some more.

Please help me out with the following:
1. How do I short sell shares? What is the concept of Auction?
2. What is Obligation in Trading Account drop down.
3. What are all the drop down options that come in for example:
4. What do Order Terms - DAY and IOC mean?
5. Under Trading Account - DELIVERY, What do TRADE TYPES - DPF, DPH and BEN mean? (PS> I get these options if I try to SELL a stock, not BUY).

6. Also, when I try to Sell a stock(Intraday), I get the error:
"xxxxxxx does not have sufficient permissions to place order on ABCStock from INTRADAY"

7. Again, in Delivery, when I right clicked on a scrip(whose stock I have purchased for delivery long ago) and select SELL from the context menu and confirm the oder to sell in DELIVERY with all other options as default, I get the error:
"xxxxxxx does not have any Free Stocks (INExxxxxxxxxx) to sell."

Any idea why I get these errors?

8. Next, if I specify a limit order to buy a certain stock, the balance in my account gets locked up and if the order doesnt get executed, when does the money get freed so I can give an order again?

9. And last question: How do I avoid the session getting expired (if its possible). If I leave the window inactive for some time and I get back and give a trade order, it logs me out saying the session has expired. Can this logout functionality be disabled?

Please help me out with these queries. I recently lost some money due to selecting the wrong option unknowingly. Dont want to do that again.

Thanks
Sreenath
1. choose "margin/intraday" in trading account type, and sell shares (All Nifty/junior nifty/midcaps/largecaps are available for short selling). But you have to cover the shorts before the market closes. short-selling is only meant for one day. If you do not cover the shorts, then broker buys the shorted stocks on your behalf (as required by sebi) but if broker does not cover the shorts, as with religare's account (not racepro), your shorts will be covered by the NSE/BSE on 5th day and you'll be fined 15-20% on the auction settlement. please search for "auction" in traderji, where auction is explained many a times.

2. Obligation is the "Shares due to you before the delivery" (delivery happens on 3rd day) but there are around 200 shares which can be sold on the next day, before delivery. suppose, you buy 1 share of reliance today, and tomorrow, you see profit, you can sell the 1share from the obligation, if you do not sell/touch obligation shares, then it will be moved to DP Holding.

3. options:-
4. Day - valid for the day i.e., 3:30pm then the order expires
IOC - immidiate or cancel, An order requiring that all or part of the order be executed immediately after it has been brought to the market. Any portions not executed immediately are automatically cancelled.

5. DPF - don't know, DPH - depository holding (you own the shares) BEN- beneficiary (you'll be getting the shares (like obligation))

6. around 200 stocks can be traded intraday, examples: reliance, tatasteel, ballarpur, ispatind, ttml, jpassociat, etc.. but remaining others can't be traded intraday (not allowed by nse). If it is showing Intraday trade not allowed then don't try to do intraday with those shares.

7. Yes, this is a bug i guess, You need to go to obligation report or asset reports, holding, netposition (so many places to find :)) when you find your "delivery shares" choose "Square-off"

8. cancel the previous order, and try ordering a new one. it may take 5-15 minutes to release the blocked margin.

9. that's a security feature. even software racepro, odin diet has session timeout.
 
#16
Amazing fast_rizwaan, you do mean business with your nickname here. :thumb:

I truly did not expect such a quick response. I think that more than covers my Religare trading doubts. Thanks a lot for your patience and time to answer each and every of my questions.

If I meet you some day, i'll take you out for a coffee..:cool:

Thanks
Sreenath
 

NOMINDTR

Well-Known Member
#17
Is the client allowed to make "Pay In" and "Pay Out" on their own?

What is better in this aspect R-ALLY or R-ACE?

Thanks in advance
 
#18
Is the client allowed to make "Pay In" and "Pay Out" on their own?

What is better in this aspect R-ALLY or R-ACE?

Thanks in advance
by "pay-in" do you mean "deposit into account"?
by "pay-out" do you mean "withdrawal from the account (credited by the broker)"?

Both uses the same fund transfer/withdrawal back-end. R-Ally do not show available balance in the software, but r-ace do show available balance in the account.
 

NOMINDTR

Well-Known Member
#19
by "pay-in" do you mean "deposit into account"?
by "pay-out" do you mean "withdrawal from the account (credited by the broker)"?
Yes. :)


R-Ally do not show available balance in the software, but r-ace do show available balance in the account.
You mean R-ally will show in web? I guess so.:(
 
#20
How to place StopLoss order in Religare RACE.

Hi All,

Please tell me how to place stop loss order in religare RACE account.

i got failed so many times by placing the stop loss order in RACE account below is an example.


Buy Price is 75.50
My Target Selling price is 77.50
Current Market Price is 75.8
Stop Loss order price is 75.00

Tr.Type = SELL
QTY = 100
Order Type = Stop Loss
Price = 75.00

After placing the Stop Loss order as above that order is executing immediately to the CMP. Please tell me anything wrong with me or with application.


Thanks in advance.
 

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