Comment on Z5- Getting Started

Nithin Kamath commented on 24 Apr 2015, 07:54 PM

Milan,

You can use Margin calculator or SPAN. 1 lot is 5MT of Aluminium. Margin required for 1 lot (NRML or overnight) is around 28000. So with Rs 75000 you can only buy 2 lots or 10MT. If you use product type as MIS (intraday), you can buy upto 5 lots as margin required is around Rs 14000 (50% of NRML).
So your calculation of 40 is wrong.

In the brokerage calculator, mention 1 for 1 lot and not 5. If you mention 5 it will show for 5 lots. So if you want to check costs for 8 lots, mention 8 and not 40 (8*5).

Cheers,

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