Comment on Zerodha-Fund withdrawal from Trading account

sandesh commented on 19 Oct 2016, 12:37 PM

Dear Nithin,

Hi,

I am regular commodity trader of Zerodha, Yesturday i have called up to your customer care, but they can’t give proper answer/solution to my queries.

My query is.

When i have to go to your Kite Dashboard at there it is buy window on Zinc Script, there is different option which is MKT/LMT/SL/SL-M.

My question is When I Want to purchase the Zinc for Rs. 100/- X 10 Qty (MIS) with the Stop loss of 90/- then which option i have to choose. Whether i have to choose the SL & fill Rs. 100/- value in Price Column & Stop loss to be filled of Rs. 90/- in Trigger price column in same window.

If it is like that means it will work like when the market price of Zinc will come to 100/- system will automatically buy the desired mention quantity & after buying the commodity at 100/- if the market price is goes down to 90/- it will automatically sold that quantity to reduce further loss on commodity.

If there is nothing like that, kindly guide me with some example, because i have gone though your support centre FAQ section, but it’s not that much clear about the kite software handing.

Hope you will clear my doubts about SL kite handing.

Regards.

Sandesh

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