Some noob question.. please be kind :)

findvikas

findvikas

Well-Known Member
#1
#1
Someone PM me but I am about to catch the bed and have a long flight tomorrow morning so won't be able to respond that fellow... please take care of him...
hi hru....

I wanted to know some things if you could please help me

1. If I do INTRDAY trading do the shares get transferred to my Demat account immediately after purchase.

2. Suppose I buy 50 shares of a co. @ Rs100 how much will I pay if I use it to book via intraday and how is it calculated.

nd if later in the hour the price goes to @112 I decide to sell them so how will I get the profit. ( please tell me this whole procedure of intraday detail, the working of it )

3. If I dont wish to sell my shares but I have got them threw inraday trading how can I change them to delivery i.e not to sell the shares on the same day ?

4. Which in your opinion is good choice to open an online demat account with in Delhi ( I am more concerned about the customer support and fast system for trading than brokerage )

5. Also if I have a/c bal of say 50k can I place intrady order of shares say worth Rs I lakh

Please request you to help me out in detail here.

thanks
Click to expand...
hope you get your answer here...
 
A

Akash_

Member
#2
#2
that fellow is me incase anyone is wondering :)

1.I also wanted to know is it possible to trade off on same day in BNST or its only possible the next day.

2. I need detailed info on fund transfer

Is it possible to trade by just having funds in savings account or they need to be transferred to online trading account

once funds are transferred can i keep them there in the online trading account or I should transfer them back to savings account. Is there some minimum period or expiry period if they stay in online trading account.

profit nd loss how is it transferred nd how am I suppose to transfer funds back to my savings account from online account

Please be nice as he said it :)
thanks :)
 
A

Akash_

Member
#3
#3
findvikas said:
Someone PM me but I am about to catch the bed and have a long flight tomorrow morning so won't be able to respond that fellow... please take care of him...


hope you get your answer here...
Click to expand...
1st nd 3rd answers I have gotten by searching a bit

2, 4, 5 need clarification
 
K

krm

Active Member
#4
#4
1. Shares are transfered on T+2 days in the Dmat account. If you purchase in intraday, if the broker have autosquare off facility, he will close your position same day. If you wish to take delivery, you should convert the intra position to delivery.

2. If you play intraday, margin requirement is normally around 35% . Varies broker to broker. If you purchase at 100/- and sold @ 112/-, the profit is 12/- excluding brokerage and other charges. This amount is credited to your trading account.

3. If you have purchased for intraday and want to hold them, you can convert them in delivery thro your trading platform. Only thing is you should have the funds for that.

4. You search yourself in this forum and decide as per your style.

5. Same as 2 above.

I will request you to paper trade for some days/weeks/months first before putting real money in game.

krm
 
K

krm

Active Member
#6
#6
Very sorry for late reply. Margin is the amount required for taking any trade.
That mean if you wish to buy 100 shares of Relcapital, (Approx cost 700/- per share), you will need 100x700xapprox35% means nearly 24500/-
This is requirement for intraday.

krm
 
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