Hi,
I have some basic questions regarding MIS & CO type orders for Equities.
Suppose, ALBK sharing is pricing at 52.40.
I have Rs. 700 on my account. I want to buy its share with MIS type, I will be able to buy, 148 shares of it with such account balance. Its got leveraged. But
Suppose my SL set at 50.00 & market hit my SL then how much loss I will get on my account?
Is it, 52.40-50.00 = 2.4*148 = Rs. 355.2 or more?
With following Zerodha calculator
https://zerodha.com/margin-calculator/BracketCover/
It shows Margin requirement of Rs. 419. Then will I lose whole margin or Rs. 355.2 ?
Also if it moved in my favour at 55.00. Then what will be my profit count?
Thanks in advance.
Regards
I have some basic questions regarding MIS & CO type orders for Equities.
Suppose, ALBK sharing is pricing at 52.40.
I have Rs. 700 on my account. I want to buy its share with MIS type, I will be able to buy, 148 shares of it with such account balance. Its got leveraged. But
Suppose my SL set at 50.00 & market hit my SL then how much loss I will get on my account?
Is it, 52.40-50.00 = 2.4*148 = Rs. 355.2 or more?
With following Zerodha calculator
https://zerodha.com/margin-calculator/BracketCover/
It shows Margin requirement of Rs. 419. Then will I lose whole margin or Rs. 355.2 ?
Also if it moved in my favour at 55.00. Then what will be my profit count?
Thanks in advance.
Regards