Comment on Stop Loss orders - Limit/Market

Hanan commented on 08 Nov 2013, 12:49 PM

1. How much money do I need to have in my Zerodha Trading a/c in case of me changing the product code from MIS to NRML ? (yesterday, it was showing something like 25,000 so for 3 lots it would be max. 76-77000) but now today it is showing something like 95,000 (Span + Exposure) .Kindly clarify what is SPAN and exposure also. tandardized Portfolio Analysis of Risk. 2. What is the step by step process to convert my BUY (MIS) of 3 lots of NIFTY Future to NRML mode today ?tomorrowAnswer: Selling your existing buy positions is called as squaring off position, you can sell it in two prices, either at current market price or at a price higher that current market price. —–If you want to place a sell order higher that the current market price, you need to place a sell order from order entry window(F2). Enter the number of lots you would like to sell at higher price and select the product type as NRML, once the scrip trades at the price you have entered, your order will be executed.

Hope this gives you the information required.

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