Zerodha MIS & CO Type Orders Questions? [Help]

[NewStarS]

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

 

[vijkris]

u will loose 355.2 irrespective of margin amt blocked.
for profits also same calculation. no.of shares * 2.6.

 

[NewStarS]

u will loose 355.2 irrespective of margin amt blocked.
for profits also same calculation. no.of shares * 2.6.

Thank you vijkris...
Does it work same way for option writing?
Also on the equity example, if I get a margin call, then that margin amount will be my maximum loss?
Regards

 

[vijkris]

Thank you vijkris...
Does it work same way for option writing?
Also on the equity example, if I get a margin call, then that margin amount will be my maximum loss?
Regards

for options I don have idea sorry.
I think u will get margin call if u don have enuf funds in account. mostly they will sq off position before reaching that level..

 

[NewStarS]

Hi,
I forgot to ask another question regarding stop hunting with this kind of trades. As I am planning for intra day equity trades with low as 0.50 paisa stop. What are my chances for getting stopped out for brokerage stop hunting?

Please share your view on this.
Thanks