Comment on Zerodha - Margin Policies

Nithin Kamath commented on 16 Jun 2014, 09:50 AM

a. Auto square offs happen at 3.20pm, if you use the product type as MIS while placing trades. You can’t specify a time other than this.
b. margin for Nifty is 30k if you are using NRML and want to hold it overnight. So with 1lk you can trade 3 lots.
if you use product type as MIS instead of NRML, you can trade for intraday with 40% of 30k, which is around 12k. So you can trade 8 lots, but everything gets squared off at 3.20pm.
if you use Bracket or cover order, your margin requirement will be based on the stoploss of every trade. But will be around 10k, you can trade 10 lots, again square off at 3.20pm.
Check out our SPAN calculator.
c. No concept called dealers exposure, the above rule is for everyone.
d. Not applicable.
e. poing b explains the same, you need to have Rs 1lk in your trading account, that’s it.
f. Check out our brokerage calculator and charge list.
g. Didn’t get what you meant by break circuit .

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