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Spread Order

Spread Order What is a Spread Order? A spread order is an advanced order that has multiple legs/orders within a single order. There are 2 types of spread orders SP order 2L, 3L and 4L orders   SP Orders SP orders are used primarily for two reasons Trade Calendar Spreads Roll-over existing positions Let’s understand them better.   Calendar Spreads At its core, a calendar spread order performs two actions simultaneously Going long (buying) on one scrip/contract Going short (selling) on another script/contract, and vice versa Here, the desired scrip/contract is of the same underlying. Let us explain further.. Scrips of the same underlying with different expiry dates are available at different prices. This price difference is known as the Spread. Traders initiate a calendar spread order with the intention of profiting on the movement of this Spread. Say Nifty Sept is trading at Rs.9800 and Nifty Oct is trading at Rs.9900, the price difference between these contracts, ie Rs.100 is known as the spread. And this is indicated as a...

After Market Order

After Market Order The Indian Stock Market is up and running on all weekdays for Equity segment, from 9:00am - 3:30pm F&O segment, from 9:15am - 3:30pm Currency segment, from 9:00am - 5:00 pm Commodity segment, from 10:00am - 11:45pm There are many of you that cannot participate in the markets during these hours for various reasons, the most common being attending to your primary profession or your day job. Fret not, the Jini has answered your wishes, because now, thanks to the AMO feature, you will never miss a trading opportunity ever again.   What is an After Market order? AMO is an advance order that allows traders to place buy/sell orders after regular market hours. In other words, an AMO is similar to a normal order with the exception that it is placed after regular market hours. An AMO for different segments have set time slots for it to be considered as valid, and they are Products AMO slots Equity spot/cash Market 5:00pm to 8:59am Equity F&O Market 5:00pm to...

Basket Order

Basket Order What is a Basket Order? Basket Order is a handy feature provided by Tradejini to all traders. It is an amalgamation of all your orders listed in a single window. This changes everything! Now, you will no longer have to place all your orders individually as multiple orders can be executed at an instance with a Basket Order.   How does a Basket Order work? A Basket Order enlists all your orders in one window. This can be extremely time-saving as traders usually place multiple orders one by one. To elaborate further, Assume Ramji, our superficial but extremely adventurous fictional character, has to buy groceries from the nearby supermarket. Ramji enters the supermarket and walks the aisles for a while, he picks a 5kg packet of sugar and proceeds to the cash counter where he gets his item billed and pays for it. Ramji walks back to the aisles, picks up a 10kg bag of wheat, walks back to the cash counter to complete the purchase. Ramji now explores...

Shares and Commodity Trading In One Account

Shares and Commodity Trading In One Account Starting 01 April 2018 we unfold a new chapter of trading in the Indian stock market where commodity and equity clients can trade with a single entity. Let’s understand the history/background of this new chapter. The Indian derivatives market is divided between equity, currency & commodity market where Equity & Currency market were regulated by SEBI and The commodity market was regulated by Forward Market Commission (FMC). Arun Jaitley (Finance Minister of India) during the budget presentation of 2015  proposed SEBI as the single regulator of equity, currency & commodity derivatives market and as a result, SEBI on 28 Sept 2015 took charge as the single regulator. SEBI being a single regulator on Sept 2017 proposed trading in equity and commodity market via a single entity.   So what is in to for Traders?? Current Scenario Individuals who trade in both equity and commodity market have to transfer money to 2 companies (one of equity & other of a commodity) and this was a huge constraint as it would result...

Margin Shortfall Penalty

Margin Shortfall Penalty Margin shortfall penalty will be levied by the exchanges when there is a margin shortfall on overnight positions held in trading account without sufficient margin as prescribed by the exchange. This penalty is applicable only for overnight margin shortfall however it does not apply for intraday positions. Margin shortfall is applicable to stock, commodity and currency exchanges (NSE, BSE, MCX and MCX-SX). For more details about the prescribed margin required for Derivative future contracts please visit Daily Margin required for NSE Future contracts. How the Margin Penalty is calculated If the overnight margin is less than 1 lakh and the margin shortfall is less than 10% of applicable margin then, 0.5% of penalty is levied and in case if the margin exceeds 1 lakh or the margin shortfall exceeds 10% of applicable margin then, 1% margin is levied on the margin shortfall. Short collection for each client Penalty percentage (< Rs 1 lakh) And (< 10% of applicable margin) 0.5% (= Rs 1 lakh) Or (= 10% of applicable...

Cover Order Explained

Cover Order Explained Traders that usually trade with high leverage often use Cover Orders to control risk and protect themselves from potential losses. Really? There are ways to cut losses and minimize risk?.. YES! Does a Cover Order help in any way?.. YES! Okay, How?.. Well, let’s find out.   What is a Cover Order? A Cover Order is an advance intraday order that is accompanied by a compulsory Stop Loss Order. This helps traders minimize their losses by safeguarding themselves from unexpected market movements. A Cover Order offers high leverage and is available in Equity Cash, Equity F&O, Commodity F&O and Currency F&O segments. It has 2 orders embedded in itself, they are Limit/Market Order Stop Loss Order   How does a Cover Order work? A Cover Order can be placed either as a Market or a Limit Order. Although a Market Order executes the order at the current market price, a Limit Order is executed only when the price of the share hits the desired entry price. Let’s look at...