Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
I agree with TracerBullet. Seems your position is NRML and probably there should not be any additional margin/funding required.
In case you are so worried about margin required/market movement in opposite direction of your position, why not hedge, if not done already, with buying a Call option, may be few percentage points higher from current levels. This hedge will help reduce your overall margin requirement substantially.
Alternatively, you may consider selling PUT of strike 17,100 and buy PUT of strike 16,500 to capture premium decay in case market continues with bullish tone. And if market reverses to benefit your original position, loss in above put strategy will be more than compensated with your original position.
I have commented based on assumptions about your current position(s). Request you to proceed as per your own judgement.
In case you are so worried about margin required/market movement in opposite direction of your position, why not hedge, if not done already, with buying a Call option, may be few percentage points higher from current levels. This hedge will help reduce your overall margin requirement substantially.
Alternatively, you may consider selling PUT of strike 17,100 and buy PUT of strike 16,500 to capture premium decay in case market continues with bullish tone. And if market reverses to benefit your original position, loss in above put strategy will be more than compensated with your original position.
I have commented based on assumptions about your current position(s). Request you to proceed as per your own judgement.
As per the articles following was clarified.
SEBI New Margin Rules: Market regulator Securities and Exchange Board of India’s (SEBI) new margin rules will come into effect from Wednesday (September 1). Under the new peak margin rule, traders will be required to give 100 per cent margin upfront for their trades. It is likely that the new rule will impact intraday trade.
Notably, the SEBI had introduced the new peak margin regulation a year ago for day traders. It is being implemented in a phased manner. In the first phase, traders were supposed to maintain at least 25 per cent of the peak margin between December 2020 and February 2021. This margin was raised to 50 per cent between March and May in the second phase and is proposed to be raised to 75 per cent between June and August in the third phase and finally to 100 per cent from September 1 onwards.
Earlier this month, stock brokers' association Anmi had written to the SEBI as well as the Finance Ministry regarding the proposal to have 100 per cent peak margin for intraday trades.
1. New Margin Rules: How it will affect trading
Buying and selling of shares will require upfront margin from now onwards. For ex- If you want to buy Reliance Industries shares worth Rs 1 lakh, you must have Rs 20,000 in your account as cash and the rest money to be paid within two days.
Major change: If you want to sell Rs 1 lakh worth of Reliance shares from your holdings, for that scenario you also must have a minimum Rs 20,000 in your account. Failing which penalties will be levied. Selling from holding will also require an upfront margin in cash. Therefore, traders can keep extra cash or can pledge other holdings for the stipulated margin required.
2. BTST Closed
Shares bought today cannot be sold tomorrow. For ex - You bought Reliance on Monday. You can only sell those shares after receiving the delivery of shares. T+2 you can sell on Wednesday. You can only sell the shares after you receive them in your DP/only after receiving the delivery of shares.
3. Cash and F&O segments
Funds from shares sold today from delivery cannot be used for new trades the same day. You can use the funds for new trades the next day. For ex - You sold Rs 100,000 worth of Reliance's shares today. You cannot use this money to buy fresh shares of other companies today. However, there will be no changes in Options and Futures rules.
SEBI New Margin Rules: Market regulator Securities and Exchange Board of India’s (SEBI) new margin rules will come into effect from Wednesday (September 1). Under the new peak margin rule, traders will be required to give 100 per cent margin upfront for their trades. It is likely that the new rule will impact intraday trade.
Notably, the SEBI had introduced the new peak margin regulation a year ago for day traders. It is being implemented in a phased manner. In the first phase, traders were supposed to maintain at least 25 per cent of the peak margin between December 2020 and February 2021. This margin was raised to 50 per cent between March and May in the second phase and is proposed to be raised to 75 per cent between June and August in the third phase and finally to 100 per cent from September 1 onwards.
Earlier this month, stock brokers' association Anmi had written to the SEBI as well as the Finance Ministry regarding the proposal to have 100 per cent peak margin for intraday trades.
1. New Margin Rules: How it will affect trading
Buying and selling of shares will require upfront margin from now onwards. For ex- If you want to buy Reliance Industries shares worth Rs 1 lakh, you must have Rs 20,000 in your account as cash and the rest money to be paid within two days.
Major change: If you want to sell Rs 1 lakh worth of Reliance shares from your holdings, for that scenario you also must have a minimum Rs 20,000 in your account. Failing which penalties will be levied. Selling from holding will also require an upfront margin in cash. Therefore, traders can keep extra cash or can pledge other holdings for the stipulated margin required.
2. BTST Closed
Shares bought today cannot be sold tomorrow. For ex - You bought Reliance on Monday. You can only sell those shares after receiving the delivery of shares. T+2 you can sell on Wednesday. You can only sell the shares after you receive them in your DP/only after receiving the delivery of shares.
3. Cash and F&O segments
Funds from shares sold today from delivery cannot be used for new trades the same day. You can use the funds for new trades the next day. For ex - You sold Rs 100,000 worth of Reliance's shares today. You cannot use this money to buy fresh shares of other companies today. However, there will be no changes in Options and Futures rules.
New Margin rules from 01-09-2021
SEBI margin rules explain in layman’s language:
SEBI has changed some rules related to margin and trading.
1) Buying and selling of shares will Require Upfront margin from now onwards.
Eg: If you want to buy Reliance shares worth 1lakh, you must have 20k Rs in your account as cash and the rest money to be paid within 2 days...
Major Change If you want to sell 1 lac worth of Reliance shares from your holdings for that scenario also you must have min 20k rs in your account. Failing which penalties will be levied.
Read Carefully... Selling from holding will also require Upfront margin in cash (Var+ELM).
You can keep extra cash or can pledge other holdings for the stipulated margin required.
2) Shares bought today cannot be sold Tomorrow.
Implications: BTST Closed
Eg You bought Reliance On Monday. You can only sell those shares after receiving the delivery of shares. T+2 you can sell on Wednesday.
You can only sell the shares after you receive in Your DP/only after receiving the delivery of shares.
3) Shares Sold Today from delivery..... the funds cannot be used for new trades today. You can use the funds for new trades the next day.
Eg: You sold 100,000 Rs worth of Reliance's shares today.
You cannot use this money to buy fresh shares of other companies.
No changes In options and Futures Rules for Now Till further Notice.
✍️
SEBI margin rules explain in layman’s language:
SEBI has changed some rules related to margin and trading.
1) Buying and selling of shares will Require Upfront margin from now onwards.
Eg: If you want to buy Reliance shares worth 1lakh, you must have 20k Rs in your account as cash and the rest money to be paid within 2 days...
Major Change If you want to sell 1 lac worth of Reliance shares from your holdings for that scenario also you must have min 20k rs in your account. Failing which penalties will be levied.
Read Carefully... Selling from holding will also require Upfront margin in cash (Var+ELM).
You can keep extra cash or can pledge other holdings for the stipulated margin required.
2) Shares bought today cannot be sold Tomorrow.
Implications: BTST Closed
Eg You bought Reliance On Monday. You can only sell those shares after receiving the delivery of shares. T+2 you can sell on Wednesday.
You can only sell the shares after you receive in Your DP/only after receiving the delivery of shares.
3) Shares Sold Today from delivery..... the funds cannot be used for new trades today. You can use the funds for new trades the next day.
Eg: You sold 100,000 Rs worth of Reliance's shares today.
You cannot use this money to buy fresh shares of other companies.
No changes In options and Futures Rules for Now Till further Notice.
✍️
Wrong. You can sell with 0 rs in your account... but only 80k will be added to your account that day and you can again buy only 80k worth of stocks that day... remaining 20k will come next day...
This was a confusing issue in December when it applied to CnC equity... bohot matha-pacchi hui hai ye issue pe brokers ke saath... ek baar boloclarify karo apne broker se Apegaonkar sir... he is wrong if he is saying this...
This was a confusing issue in December when it applied to CnC equity... bohot matha-pacchi hui hai ye issue pe brokers ke saath... ek baar boloclarify karo apne broker se Apegaonkar sir... he is wrong if he is saying this...
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