Comment on Zerodha - Margin Policies

Nithin Kamath commented on 11 Feb 2013, 11:55 AM

Moses,

1. Yes you can place both the orders at same time, but make sure that you cancel the other when one gets executed. So if stock goes to 12 and you sell the stock for profit, make sure you cancel the stop loss that you had placed at 8 otherwise if the stock comes down to 8 it will get sold again..

2. In currency price is given till 4 decimal points. 53.0000 and minimum movement is 0.00025. So if USDINR is at 53.0000 it can to 53.0025 53.0050 53.0075 53.0100 53.0125 and so on.

For 1 lot every 0.0025 means a profit or loss of Rs 2.5 , So if you bought at 53.9000 and sold at 53.9050 that means a profit of Rs 5.
For brokerage charges and others you can look at the calcuator..

Hope this clarifies..

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