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Yes and No. You must have access to the Internet, but it need not be from your residence or your office. You can walk into one of our SBICAP Securities Branch, where we have put up terminals, and access our site on the Internet. You can also walk into any cyber café and access our website www.sbismart.com for online investing. You may also call on our Customer Care numbers to trade through the facility called Call N Trade where our officers would place orders on your behalf after a thorough authentication.

If you sell some shares in the cash segment, generally you can use the money to make purchases on the same day. This results in your trading Limit going up. 

When you mark any amount as lien from your Bank account, it gets blocked in your bank account and you get a Trading Limit. It reflects in your “Limits”. When you unlien the money your trading limit also reduces proportionately.

Please check your Trading Limit. Even if you have money in your Bank account it has to be marked as Lien by you for trading. The amount of money required before placing a buy order or an Intraday sell order would depend on the value of the order and whether the order is placed in the 'Cash Segment' or the Intraday Segment'. In case of a Cash Order, 100% of the order value is required while for an Intraday Order, only a specified % of the order value is required.

SSL offers a wide variety of products to its clients for trading and investment in Equity, Equity Derivatives and Currency Derivatives segments. The products offered are as mentioned below:-

• Intraday Product: Orders placed under this product require a lower margin as compared to delivery or T+5 trades. The margin charged for each security under this product is available under the download section of our website. (Kindly refer FAQ no 5 for complete details on the square off process).
•  
• Delivery Product: Orders placed under the delivery product requires 100% margin.
•  
• T+5 Product: This product is a leveraged delivery product. Orders placed under this product would require lesser margin than the delivery product. Debits resulting due to trades executed under this product should be cleared by the client not later than 5 days. The margin charged for each security under this product is available under the download section of our website. (Kindly refer FAQ no 6 and 7 for complete details on the square off process).
•  
• Derivatives Segment: Client can place orders in exchange-traded derivative instruments under this product. Futures and options for equity stocks and indices are traded under the derivatives segment. The client should maintain SPAN and Exposure margins including any additional exposure margin for Market Wide position Limit, as per the criteria specified by the exchanges from time to time to trade in the derivatives segment. Also SSL may levy any additional margin depending on market conditions over and above the exchange margins. The margin charged for each contract under this product is available under the download section of our website. (Kindly refer FAQ no 6 for complete details on the square off process).
• Fresh position will not be allowed in a) long dated (more than 3 months) option contracts and b) option contracts where strike price is beyond 20% +/- from underlying last traded price.
• Market order is not allowed in options.
•  

Currency Derivatives: Client can place orders in exchange-traded currency derivative instruments (on NSE / BSE) under this product. The client should maintain SPAN and Exposure margins as specified by the exchanges at all times for carry forward of positions in this segment.  Fresh position will not be allowed in a) long dated (more than 2 months) option contracts and b) option contracts where strike price is beyond 2% +/- from underlying last traded price. Market order is not allowed in options.

 If you have registered earlier with EASI/ EASIEST facility with CDSL, we would request you to please follow the below process.,

-    Go to www.cdslindia.com
-    Click on “Login to My easi” under the “Quick Links” option
-    Enter your Login credentials
-    Go to “Miscellaneous” option
-    Click on “Edit Groupings” option
-    Enter your new SSL BO Id (First 8 digits in first column & next 8 digits in second column) e.g.: 12047200 – 12345678
-    Click on “Submit” option.

Upon due submission of the aforesaid details:-

1.    Your request would be forwarded to SSL DP for “Authentication”.
2.    SSL DP would duly authenticate your request.
3.    Post authentication, you would receive a mail from CDSL stating that your request has been approved by your DP.
4.    On receipt of a confirmation, you would be able to view your new demat account details under “Easi/Easiest” at your end.

Note: - Upon logging into Easi/Easiest, by default, your SBI demat account will get displayed wherein you would receive a popup message stating “Your account has been closed. Please contact your DP”. You need to click on “Ok” to proceed & then click on “Switch to Other BO IDs” wherein you can select your new demat account number.

SSL accepts margins from clients in the form of funds (through cheque / fund transfer / fund lien) and in the form of shares.  While accepting shares towards margin, only approved shares after appropriate haircut are considered. SSL reserves the right to add / delete / modify the list of approved securities or haircut thereof with or without prior intimation to the client.  

A-    You can view the holdings from SBISMART through the below process.

    a.    Click on Trade Login
    b.    Click on Home option
    c.    Back Office
    d.    Demat report SSL DP

B-    You can directly place the sell order through ORDER BOOK.

A debit in the ledger means an amount to be paid by the client to SSL. A ledger of the client can be in debit due to all or any of the following reasons:-

a.      Loss suffered by the client due to intraday trading,

b.      shares purchased by the client under T+5 product or under collateral benefit,

c.      Mark to market loss on derivative position,

d.      Options bought by the client or any other charges incidental to his trading and / or account opening / maintenance activity.

Client  has to clear the debit by transferring / lien marking fund or by providing cheque to SSL representative or by selling shares held in DP / Beneficiary account. 

We would request you to please check your holdings through.,
www.onlinesbi.com > Demat & ASBA> Demat details- SSL.
Due to migration of Demat account to SSL that shares will be reflecting in SSL Demat account.

No. Client is required to square off the position executed under this product on the same trading day. However, the client has the option to convert his intraday positions to delivery if there is sufficient margin available with the client at the time of conversion. The client should ensure that the conversion is done before 15:00 hours.

A Client is required to square off the positions executed under this product on the same trading day. Subsequent to the expiry of a predefined time, SSL has the right to square off all outstanding positions under this product. At present, all outstanding positions of clients under Intraday product are squared off by SSL after 15:05 hours. Clients should  note that it is their  responsibility to ensure that there are no outstanding positions under this product at the end of trading hours; loss, if any, due to square off or non-square off of positions during auto square off process would be the sole responsibility of the client. SSL also reserves the right to change the square off time during the day.

1. Visit www.onlinesbi.com
2. Click on e- services
3. Go to demat and ASBA Services
4. Click on IPO(equity)
5. Apply IPO >> Accept
6. Select the IPO you would like to apply for.
7. Click Go
8. To modify DP - Click on the Blue link" if you have not added any applicant, please click here to add a new applicant".
9. Add the new IPO applicant details.

In addition to the details elaborated in point number 5 above, SSL may, if required, initiate suo-motto square off of outstanding positions of clients or sell stocks held by the client in Beneficiary / DP account under the following situations:-

Mark to Market Loss: SSL may, if required, square off all outstanding positions of the client if mark to market loss on outstanding positions after adjusting booked profit /loss or MTM profit on closed / outstanding positions during the day or on carry forward positions exceeds 70% of the available margin. The available margin here means ledger balance after adjusting all debit balances plus the value of approved collaterals (after a haircut).

Exchange Circuit Filter: In the case of securities where the exchange has specified circuit filter of 20%, SSL may square off outstanding intraday positions for the scrip where price moves more than 16% from the previous day's close. While closing intraday positions, only those positions which are at risk will be squared off. e.g. in the case of a security where the applicable circuit filter is  20%  and the price of the scrip is up by  16% during the day, SSL may square off outstanding short intraday positions to negate the risk of an auction.  In case if the price of the security falls by  16%, all outstanding long intraday positions in that security may be squared off to negate the risk of non-square off in the case of a lower circuit. 

However, the actions performed by SSL would be to reduce the risk on the best effort basis and the primary responsibility of square off / settlement lies with the client; loss if any, due to square off or non-square off of positions under this process, would be the sole responsibility of the client.

Debit in Ledger:  Client is liable to clear debit, if any, in his ledger immediately. However, SSL provides facility to their clients to clear the debit within 5 working days. If the client fails to clear the debit within the stipulated time,  SSL may sell shares held on behalf of the client in Hold account or in his / her DP Beneficiary account to clear the debit. The value of shares sold will be to the extent of the debit. Loss, if any, on account of selling of shares would be the sole responsibility of the client. Though SSL provides facility to their client to clear their debit within 5 days, this does not absolve the client from their obligation to clear the debit in the case of fall in the price of the security. SSL reserves the right to sell the shares in the case where margin available with client falls below 111% of the debit amount. SSL also reserves the right to demand from client additional margin or payment of debit balance during this period failing which SSL may sell the shares of client and reduce/clear the debit.

Shortfall in Derivatives Margin: Clients are requested to maintain adequate margin at all times to cover the initial margin, exposure margin/extreme loss margin, calendar spread margin,  mark to market losses and any other such margins which are charged by the exchanges from time to time on the open positions in the derivatives segment. In case of any shortfall in margin deposit, as required, SSL may square off all / any of the outstanding derivative positions to reduce the margin requirement. The client should note that it is their responsibility to maintain adequate margins as required by the exchanges or else a penalty will be levied for the shortfall in margin amount. and the same would be borne by the client. The margin statements / shortfall intimations are communicated daily / on instance of shortfall on the client's registered email ID.

Margin shortfall / Uncovered Debit due to exercise of options: In case of in-the –money options, Securities Transaction Tax (STT) / regulatory charges are levied as per existing regulations. In case there is a possibility of margin shortfall / uncovered debit in the account due to statutory dues, SSL will square off the position either in the market or by exercising the “Do-not-Exercise” facility provided by the exchanges as per the regulations in force and as updated from time to time. Client is requested to maintain sufficient balance in the account to cover these at all times before the relevant expiry.

Physical Settlement in equity derivatives: Fresh positions in current month expiry contracts in equity derivatives segment will be blocked from T-4th working day EOD onwards (T day being expiry). E.g. for July 2018 expiry which is on July 26th, fresh positions will not be permitted from 20th July 2018 EOD. This will be applicable for carry forward and intraday positions, both. Clients can roll over / close the positions till T-3rd working day till 12.00 PM.  E.g. for July 2018 expiry which is on July 26th clients can close / roll over till 23th July 12.00 PM. SSL will start squaring off all open positions post T-3rd working day 12.00 PM. Note that this is irrespective of margin availability.  In case square off cannot be done (e.g. Due to lack of liquidity), then such contracts may be physically settled and will have to be settled by the client by paying requisite obligations as per the physical settlement rules. SSL may impose additional margin, if any, in this case to cover the obligation which would be debited in the ledger, on a case to case basis.

You have received this SMS on account of the migration of demat holdings from State bank of India to SBICAP Securities Limited.

The Merger will not have any impact in terms of using the Trading platform. All operational and transaction activities will remain the same as earlier.

• Debit balance: Debit balance which is equal to more than 5 days after Settlement day would be considered for calculating the amount to be recovered. A suitable mark up would be levied on the amount to be recovered to the extent of a) Brokerage and other statutory charges and b) To factor in a probable drop in the share price on the day of the square off.

• Selection of securities: Securities maintained in the Member Beneficiary account (Hold account) of SSL (in case the securities are kept on hold and not transferred to the client demat account) along with the securities in the client demat account would be considered for liquidation to the extent of the amount to be recovered.

 A client can see his ledger under the Home Tab after logging onto the trading portal > Home > Trade > ledger. The client could monitor his/her outstanding  debit balance in the ledger and clear the same within the stipulated time. Clients would be informed about the age-wise debits on their registered email id with SSL. However, it would be the client’s responsibility to monitor the debit by looking at the ledger and any instance of non delivery/receipt of email sent by SSL does not in any way absolve the client from clearing the debit within the stipulated time period. 

Clients can see the details of stocks sold in the trade book or position window on our online trading portal. These details would also be provided in the contract notes sent by SSL on the registered email ID of the client at day end. 

SSL will be providing a new DP ID, however your Trading code will remain the same.

Mentioned below are frequent rejection messages and the corresponding explanation. Clients can call our Customer Care Executive to seek any clarifications or for resolution of the rejections. Most of the rejections are self-explanatory in nature and will assist the client in modifying the order parameters for trading.

• Admin stopped AMO: AMO Order gets rejected as AMO facility is not available when the client is trying to place the order.
•  
• Exchange not enabled for this account: This rejection means that client is not authorized to trade on that exchange.
•  
• Account is deactivated: Order gets rejected since the client is under Dormant status, due to non-activity during the last 6 months.
•  
• Account is suspended: This rejection implies that the trading rights of the client have been suspended due to non-compliance / non-adherence with the existing rules and regulations.
•  
• Auto Square Off Block: This rejection meansMIS / Intraday orders are not allowed in this session.
•  
• Client not enabled on the product:  This rejection means that the client is not authorized to trade in that product.
•  
• Scrip XXXXX  is in Ban Period: This means that the scrip is in F & O Ban period on the exchange and no fresh positions would be allowed in that scrip.
•  
• Disclosed quantity is greater than original quantity: Order gets rejected as mentioned disclosed Qty is greater than Original Qty. Disclosed quantity should be equal to or lower than the order quantity.
•  
• Security is not allowed to trade in this market: This rejection means that the exchange is not accepting the order for that security at that point of time.
•  
• Order price is out of Day's price range: Exchange specifies the daily price range for the security/contract. Any order outside that range would be rejected by the exchanges.
•  
• RATE NOT MULTIPLE OF TICK [0.05000000]: Order gets rejected as mentioned rate is incorrect.
•  
• Blocked for  522261  bse_cm  XXXXX  MIS   block type: NON-SQROFF: This rejection means that the scrip has been blocked by SSL for further trading in intraday product. This may happen if the overall movement in the scrip is more than 16% from the previous closing price on BSE or due to any other miscellaneous reason.
•  
• Blocked for  nse_cm  XXXXXX  MIS   block type: NON-SQROFF: This rejection means that the scrip has been blocked by SSL for further trading in the intraday product. This may happen if the overall movement in the scrip is more that 16% from the previous closing price on NSE or due to any other miscellaneous reason.
•  

• Blocked for X bse_cm / nse_cm CNC block type: ALL: This rejection means that the mentioned series in BSE / NSE is blocked by SSL for trading under all products. As a policy, "Z" Group, "ZP" Group, "NZ" Group, "UZ" Group, "DT" Group, "D" Group, "I" Group, "R" Group, "IL" Group, "IT" Group, periodic call auction securities , securities where additional margin is charged under graded surveillance measures & S+ securities are blocked for trading.

•  
• Assigned basket for entity account-XXXXX across exchange for segment CASH across product: This rejection means that the mentioned security is not available for trading in Intraday product.
•  
• Restricted basket for entity account-XXXXX across exchange for segment CASH across product: This rejection means that the mentioned scrip is restricted from trading by SSL.
•  
• Check T1 holdings including TT/BE/Z/T/TS, No Holdings Present for entity account-XXXX across exchange for segment CASH across product: This rejection is on account of the fact that the client does not hold enough quantity for which a sell order has been placed.
•  
• Turnover order level limit including CNC,Current: XXXX, limit set: XXXX  for entity dealer-XXXXX  across exchange across segment across product: As per regulatory requirements, turnover limits are set for each client/dealer, hence in case the order for the client exceeds the turnover limit specified for that client, the order is liable to be rejected by the system.
•  
• Quantity Freeze: The maximum Quantity that can be placed in one order is stipulated by exchanges; subsequently the order is rejected if the order quantity is higher than the stipulated quantity.
•  
• Check circuit limit including square off order exceeds for entity account-**** across exchange across segment across product: As a risk containment measure and as per exchange regulations, an order range for each security is specified by SSL. This order range is fixed at 10% ;  any order which is more than 10% away from the existing LTP is liable to be rejected by the system.

Order Value / quantity limit including square off order, Current:XXXXX, limit set:XXXXXXX  for entity account-XXXXX across exchange across segment across product: There is a limit on single order value / quantity which is set as per regulatory requirements. Please split the order in multiple orders so that the order value is less than the limit set.

Gross exposure limit ,Current:XXXXX, limit set:XXXXXX  for entity account-XXXXX across exchange across segment across product: There is a limit on exposure which can be taken (all trades taken together for the day) for the particular segment in the exchange as per regulatory requirements. Additional exposure will not be allowed beyond the limit set amount for the day.

Scrip Group Gross Exposure limit excluding CNC sell Exceeds  for entity account - XXXXXX across exchange across segment across product for Scrip: SSL has capped exposure at broker level to the extent of a predefined threshold for the day for the particular scrip and the same is already exhausted. This is due to the illiquid nature of the scrip based on historical volume. In case you need to take exposure in the scrip, please contact your relationship manager or customer service for further assistance. List of scrips where the cap is applicable is in the following link - “Scrip Group Limit”

SSL will be sending a Welcome kit, New DIS Booklet and an updated Client Master List. You will be able to use your old DIS till you have received a new one.

All charges would be applicable as per SSL card rate. The Charges details are available on the below-mentioned path:-

Homepage > Customer Service > Charges.

• 1. The holdings are updated with SSL. You will be able to sell your shares using online trading platform through www.sbismart.com.
•  
• 2. If the POA is active, the shares can be sold from through the offline dealers at branches.

There is an auto Lien facility which is available hence no need to mark the LIEN on shares. You can directly place sell order through Trade Login.

You can mention the new demat account number while applying for Quess IPO

You can reach SSL on 1800 - 209 9345 or email at helpedesk@sbicapsec.com

View Sample Format

View Sample Format

 SBI's Online banking  service can be accessed on the website https://www.onlinesbi.com with a secure Login Id and Password. Apart from allowing you to access your transaction history and current balance, SBI online banking  allows you to transfer money from one account to another and also make online bill payments in Mumbai.
If you have opted for a new online bank account of have opted to link up your existing saving account (which was not registered with SBI online banking ), your Login ID and Password will be sent to you separately. However, this does not stop you from trading on our website.

You will need an ordinary savings account with SBI Bank Ltd for your e-Invest account. You can specify the account in the form and it will be linked with your trading account. In case you do not have a SBI Bank account, an online banking savings account can be opened with a trading account. 

SBI Mutual Fund

Axis Mutual Fund

BIRLA Mutual Fund

Bharti AXA Mutual Fund

Canara Mutual Fund

Edelweiss Mutual Fund

Franklin Mutual Fund

HSBC Mutual Fund

ICICI Mutual Fund

IDFC Mutual Fund

IDBI Mutual Fund

JM Financial Mutual Fund

Kotak Mutual Fund

L&T Mutual Fund

TATA Mutual Fund

Reliance Mutual Fund

Religare Mutual Fund

Sundaram Mutual Fund

Sriram Mutual Fund

UTI Mutual Fund

Accounts opened need to maintain a quarterly minimum balance of Rs. 1000/-.

 As mutual funds are investing funds in the various instruments available, they are subject to market risk.

Once your SBISMART Account is opened you will get the following documents at your mailing address:

1. SBI Bank Limited will dispatch the Cheque Book and ATM cum Debit Card in case a new savings account is opened.

2. Membership Guide and Internet Banking User ID and password for Demat Account will be dispatched by SBI Cap Securities Ltd.

Please note: Transfer Instruction For Delivery (TIFD) Booklet for newly opened Demat account with SBI Cap Securities Ltd  will be dispatched as per the account opening form. To request for the same, please download the Requisition slip and submit the same at any of the nearest SBI Cap Securities Ltd  Branch offering Demat services. 

Incase you do not receive, you can contact our customer care numbers for placing the request over the phone.

 No, there is no option to invest in MF through SBI ASBA.

You can check your account opening status on the Home page under the "Status Tracker >  Account Opening  Status" section. We shall also inform you by e-mail in case your application has been accepted.

Your application will be processed and you will be informed once your application is accepted and all the required accounts are set up. In case your application is not processed because of lack of some details, you will be contacted by our representative or by mail.

Yes it is mandatory.

 Yes, you have to give consolidation request form to AMC or registrar.

You can open a SBISMART Trading account by filling in a single application form. This form will help you open a Trading Account, a Bank Account and one or more Demat accounts as required. 

There are 4 ways to request an account opening form

• Give us a missed call at 092667 92667 OR
• Register yourself online by clicking on Open an Account on the Right-hand panel on the Home Page OR
• Click on Online A/c form and click on "Apply Now"
• Write to us at helpdesk@sbicapsec.com with your contact number and location OR
• Walk in to any of our branches.

 No.

• Click on the” Trade Login” tab.

• To know the details of all executed orders, go to Home Screen.
• Select the Trade Book option and you can view all the executed orders under this option.

• Note: Order/Trade status & Position can also be viewed on our SBI SMART mobile trading application.

Client has to submit Remat form to concerned Demat team.

For Dematerialised MF, client needs to submit demat Redemption form and submit it to concerned Demat team. 

 No, it is not mandatory to redeem units immediately after SIP expiry.

 36 months is maximum tenure available.

6 months or 12 months is the minimum tenure based on schemes which are available on our website.

Brokerage is a fee charged by an agent, or agent's company to facilitate transactions between buyers and sellers. The brokerage fee is charged for services such as negotiations, sales, purchases, delivery or advice on the transaction.

Folio number is the unique number generated for a particular client who has invested in a particular scheme.

 Daily Cut off time for NAV is 5 pm.

Brokerage is charged whenever client is executing a trade in the market through a broker/sub-broker/agent, whether it is delivery trade, i.e., only a buy trade or a sell trade is executed by the client or intraday/square off trade, i.e., both buy and sell trade for the same scrip.

Let’s see how brokerage is charged.

Suppose 100 shares of XXX is bought @ Rs. 901.15 and brokerage rate applied is @ 0.50%

Brokerage charge: 

Brokerage amount = (Brokerage rate * market rate) * Quantity 

0.50% * 901.15 = 4.51 (brokerage per share: 4.5075 (rounded to 2 decimal is 4.51) * 100= 450.57 

Yes, Goods and Service Tax (GST) is charged on the brokerage amount/value. The current rate of Goods and Service Tax (GST) is 18.00%.  

Let’s see how Goods and Service Tax (GST) is charged on brokerage.  

Goods and Service Tax (GST) charge:

GST amount = Brokerage amount * 18.00%

Suppose the brokerage amount is Rs. 1000/-, GST is Rs. 18 (1000*18.00%)

 Currently we are providing Equity schemes only on our website.

There are no charges for applying in mutual funds through SBISMART.

For trading in share market in the various segments i.e. NSE, BSE, FO and CD @ SBICAP Securities Ltd (SSL), the Company like other entities, charge the client with Brokerage and other regulatory/statutory charges as per the regulatory requirement.  These statutory charges vary on the type of the trade execution, i.e. whether it is a delivery based transaction or intra-day/square off transaction and on which Exchange the trade is being executed.

Statutory Taxes

1.The STT (Security Transaction Tax)

2.The SD  (Stamp Duty)

3.The TC (Transaction Cost)

4.SEBI Fees

Repurchase or redemption price is the price or NAV at which an open-ended scheme purchases or redeems its units from the unit holders. It may include exit load, if applicable.

NAV can be checked in the holdings of the client.

After redemption, T+3 is the normal TAT for payout which is directly processed by RTA.

 Once the SIP request is placed, you may check the same in Books> SIP Book.

On clicking MF tab post login you will be able to check holdings of investments.

Trades can be delivery trade or intraday/square off trade.  Delivery trade is when the client is taking delivery of the stock, either purchased or sold in the market.  Intraday/square off trade is when client has bought and sold the same stock on the same exchange in a day or settlement. 

KRA means KYC Registration Agency which registers the KYC of the clients who want to invest in mutual funds. KYC should be registered to invest in mutual funds failing which the transactions will be rejected.

Once the SIP request is placed you may check the same in Books> SIP Book. For cancelling the same you may click cancel on the desired scheme and press ok mentioning the reason.

Click on Additional Purchase tab and select the scheme in which the additional purchase is to be done.

You can make an additional purchase of the same amount if the folio is already created. You may also do a fresh purchase of a minimum amount as per the scheme.

NAV (Net Asset Value) is mutual fund’s price per unit. NAV per share is computed once a day based on the closing market prices of the securities in the fund's portfolio. All mutual funds buy and sell orders are processed at the NAV of the trade date.

Intraday Trading, also known as Day Trading, is the system where you take a position on a stock and release that position before the end of that day's trading session. Thereby making a profit/loss for yourself in that buy-sell or sell-buy exercise. All in one day.

 Day trading is speculation in securities, specifically buying and selling financial instruments within the same trading day. Strictly, day trading is trading only within a day, such that all positions are closed before the market close for the trading day. Traders who participate in day trading are called active traders or day traders. Traders who trade in this capacity with the motive of profit are therefore speculators. Some of the more commonly day-traded financial instruments are stocks, options, currencies, and a host of futures contracts such as equity index futures, interest rate futures, and commodity futures

 Please Note:

If a client buys a stock on one stock exchange (for example BSE) and sells on another stock exchange (for example NSE), it does not qualify as an intraday trade. The purchase and sale of stocks have to be done on the same stock exchange on the same trading day.

Let’s see how to calculate brokerage and taxes on intraday/square off trade.

Example

Suppose the trade is on NSE: bought 100 shares of ABC @ Rs. 80.70 and sold 100 shares ABC @ Rs. 78.40.

The gross value is Rs. 15910.00 (Rs.80.70 * 100 + Rs. 78.40 * 100)

Now let’s see how to calculate brokerage and taxes.

Your buying amount

80.70 * 100 = 8070.00

Brokerage charge:

(Brokerage rate * market rate) * Quantity

0.075% * 80.70 (brokerage per share: 0.0605 (rounded to 2 decimal is 0.06) * 100= Rs. 6.00.

Service Tax:

Brokerage amount * service tax

6.00 * 15.00% = 0.90

Your selling amount

78.40 * 100 = 7840.00

Brokerage charge:

(Brokerage rate * market rate) * Quantity

0.075% * 78.40 (brokerage per share: 0.0588 (rounded to 2 decimal is 0.06) * 100= Rs. 6.00.

Service Tax:

Brokerage amount * service tax

6.00 * 15.00% = 0.90

Total Brokerage is Rs. 12/-

Other Taxes applied on the intraday trade:

1. STT: Since it’s an intraday trade STT will be charged on sell quantity * weighted average rate.

Weighted average rate = (buy gross value + sell gross value) / total quantity

(8070 + 7840 = 15910 / 200) = 79.55 (weighted average rate)

STT is Rs. 2/-

(79.55 * 100 = 7955) = (7955 * 0.025% = 1.9887 rounded to nearest rupee)

2. SD   = 15910 * 0.002% = 0.32 (0.3182 rounded to 2 decimal)

3. TC   = 15910 * 0.0036517% = 0.58 (0.5809 rounded to 2 decimal)

Total charges you have to pay on buying and selling amount is = 4.38

Delivery trade is when the client is taking delivery of the stock, either purchased or sold in the market.

For delivery trade, the brokerage rate is 0.50% for selling and 0.50% for buying.

Let’s see how to calculate brokerage and taxes on delivery trade.

Suppose the trade is on NSE: bought 100 shares of XYZ @ Rs. 901.15, the amount comes to Rs. 901.15 * 100 = Rs. 90115.00

Now let’s see how to calculate brokerage and taxes.

Your buying amount

901.15 * 100 = 90115

Brokerage charge:

(Brokerage rate * market rate) * Quantity

0.50% * 901.15 (brokerage per share: 4.5075 (rounded to 2 decimal is 4.51) * 100= 451.00

Service Tax:

Brokerage amount * service tax

451.00 * 15.00% = 67.65

Other Taxes applied on the delivery trade:

1. STT = 90115 * 0.10% = 90.00 (90.1150 rounded to nearest rupee)

2. SD  = 90115 * 0.01% = 9.01  (rounded to 2 decimal)

3. TC  = 90115 * 0.0036517% = 3.29  (rounded to 2 decimal)

 Total charges you have to pay on buying amount is = 158.04.

Currently, we are not offering this service. But, we are evaluating ways to add to our product range. We would appreciate if you could give us feedback on the facility you want in the feedback section,

Home Page > Feedback.

Please follow below mention path :-

Home page > Customer Service > Interest Rates / Charges.

The way you can lien funds for trading, you can always unlien the amount allocated by you for trading to the extent that the amount allocated has not been blocked on account of orders placed by you. Once any amount is marked as unlien, it can be withdrawn from the bank.

How do I place orders from Call and Trade option?

Call N Trade is a facility that allows you to trade in the stock market using your phone when your computer is not accessible or you are not using a smartphone.  

How do I use the Call and Trade facility?

Please follow the steps mentioned below:-

• - Call on our dedicated Dial & Trade numbers – 18002099345 / 1800223345 / 022-61536900 - Monday to Friday (between 08.30 a.m. – 06.30 p.m.)
• - You will get in touch with our Call N Trade desk, where you will be connected to a dealer.
• - You will have to verify your identity and account details.
• - Place your order.

Is the Call and Trade a secure facility?

Yes, our Call N Trade facility is extremely secure. We have established multiple layers of verification / encryption to make the transaction safe.

Can I Place After Market Orders (AMO) through Call N Trade?

Yes, you can use the Call and Trade facility from 8.30 a.m. to 9.15 a.m. and from 4.15 p.m. to 6.30 p.m. to place AMO orders.

What are the applicable charges for placing orders through Call and Trade?

1)        A minimum Buy / Sell order value of Rs. 1,000/- (only in cash segment) will only be accepted as an order. 

2)        We offer 30 calls free in a month after which Rs. 10/- (Plus Taxes) would be charged per call. 

3)       A maximum of 3 scrips can be inquired per call. 

The above charges are applicable only for those calls that are received and attended by the Call and Trade desk. This policy is in force with effect from December 15, 2014 onwards.

What are the benefits of Call and Trade?

1. Tools: To use the Call and Trade facility, all you need is a phone. You can place your orders even on the go. This saves a lot of time on the part of the client and makes the procedure easy and convenient.

2. Follow-up: The Call & Trade facility can be used not just to place orders, but also get  stock quotes and follow-ups on the order. Your Call N Trade dealer will provide you an update about the status of your pending and executed orders.

3. No Limitation: You can place as many orders as you want through a single call. There are no limits for market orders whatsoever.

4. Safety: The facility is safe. It uses a multiple-layered verification / encryption system. This leaves no scope for any frauds.

5. No paperwork: No paperwork is required to use this facility.

There could be two reasons for this either the cheque is not cleared or you do not have adequate Trading Limit.

Please check your Bank balance to find if you have adequate money in your Bank account. It is possible that there could be some delays in clearance of the cheque. Please contact your SBI Bank Branch to find the reason.

Even if you have adequate money in your Bank account you will get limit only after you lien some money for trading or investment.

Please deposit a cheque/cash in your Bank Account by filling the pay-in slip. In case of a cheque, the money should come into your Bank account as soon as the cheque is cleared. Once you have funds in your bank account, you need to allocate the required amount for trading. Alternatively you can sell some shares from your Demat Account in the Cash Segment and use the money to purchase the shares you want to buy. The amount of money required before placing a buy order or a margin sell order would depend on the value of the order.

Please check our comprehensive section on DEMOS – How to Lien / Unlien / Place Order. 

Any profit or gain arising from sale or transfer of a Capital Asset is chargeable to tax under the head ''Capital Gains''. The income under this head is deemed to be the income of the year in which the transfer takes place. Capital gains are chargeable to tax on accrual basis whether the consideration is received or not, especially in the case of gains from sale of shares and securities.

Capital assets are classified as Long Term or Short Term with reference to the period of holding of the assets till it is transferred. The classification is made on the following basis:- 

To illustrate, if you have purchased and sold shares on the following dates, they would be treated as short term or long term capital asset as below. 

Just visit www.sbismart.com. Click "Open an Account". Fill the form with your details. Or simply send a mail to helpdesk@sbicapsec.com giving your location and telephone number. Our executive will visit you and complete all the registration formalities. The following documents are required for registration. You can keep them ready to speed up the process.

Proof of Identity: Copy of PAN Card (three Copies self attested)

Proof of Address: Copy of any one of the following (self attested)

·         Passport

·         Ration Card

·         Voter’s ID

·         Driving License

·         Electricity Bill (not more than two months old)

·         Bank Pass Book

·         Bank Proof: Copy of Bank Pass Book or Personalized Cheque Leaf (For applicants already having Bank Account with State Bank of India)

·         Demat Account Proof: Demat Account Statement or Client Master (For applicants already having a Demat Account with State Bank of India)

Photograph: 3 (Three) Recent passport sized photographs.

After all the formalities have been completed, you will receive a Welcome Letter in which there will be an attachment containing all the account details like DP number, Bank account number and Client Code. Please ensure that all the details are correct. If there is any discrepancy then please contact us to correct it. You will receive a separate letter which contains your Login Password and Trading Password. This is for your safety.

To view the Capital Gain Statement please follow below mention path:-

Click on Home Tab > Back Office > Trade Log > Capital Gain

IPOs, Mutual Funds & NCD’s: No hassle of filling up tedious application forms, just fill the quantity and price and submit.

 The Capital Gain statement is available from the financial year 2007 – 2008.

 ·  Live Quotes, NSE Cash & Derivatives, BSE Cash.

·   Create multiple market watches for tracking your investments across sectors.

·   Use our Interactive Charting tool to access the various types of Charts.

·   Make decisions based on various types of maps, technical screeners and research calls.

·   Make the most by using our widgets.

·   Mark a lien on your funds in your bank account/shares in your Demat account to trade online.

·   The funds/shares on which lien has been marked will be transferred from your Bank/Demat account only if the transactions placed are actually executed.

·   Automated payout of funds and securities.

·   Comprehensive online reports including your trades, ledger account, account details. 

Brokerage and other charges are not included in the Capital Gain statement. To know your Brokerage, Service Tax, STT and Transaction Charges, click on Trade Detail in Trade History screen and deduct from the Short Term Gain.

To know your Brokerage, Service Tax, STT and Transaction Charges, Click on Trade Detail in Trade History screen. 

Yes, the statement includes Split/Bonus and it is calculated on FIFO basis. 

No, stocks transferred from other brokers will not be calculated in our capital gain statement.

The capital gain statement includes computation of Mutual funds, but not of NCD.

SBI in association with SBI CAP Securities (SSL) brings Share Trading at your doorstep with www.sbismart.com . This links your Bank Account, Demat Account and Trading Account to give you a unique seamless trading experience from the comfort of your home/office.

You can download the Capital Gain Statement by following below mention path:-

Click on Home Tab > Back Office > Trade Log > Capital Gain

The exchanges have fixed price bands for all t securities within which they can move within a day i.e +-20%. In case of scrips on which derivatives products are available there is a price freeze of +/-20%.Orders outside the minimum and the maximum of the range are not allowed to be entered into the system.

However in case of few specific scrips, from time to time the exchange has fixed price band of less than +/-20%.The previous day's closing price is taken as the base price for calculating the price bands.

In case a member wants to execute a trade beyond +/-20% freeze (derivative scrips) then he will have to request the exchange to relax the price freeze for his particular order.

The P&L statement shows revenues and expenses during a set period of time while Capital Gain statement shows Exempted and Taxable income.

Bracket Order is a facility that allows you to first place an order and simultaneously placing the subsequent cover/square off order that can either book you a profit or cut your losses on your first order.

In this type of order, you place 3 orders in one go. The 1st order (or position creating) will help create your position. The 2nd (or Profit Book order) and 3rd (or Stop Loss) order are always in the opposite direction of the 1st order and will book you a profit or cut you loss on your 1st order respectively .  As part of the 2nd order, ‘Profit Book’ seeks the price at which you want to book a profit on your first order. As part of the 3rd order, ‘ Stop Loss’  price at which you want to cut your loss on your first order.

On successful execution of the 1st ( or position creating) order , the 2nd and 3rd orders are triggered.

If the profit book price of the square off/cover order is reached first, the profit book or 2nd order will get executed and your position will get squared off with a profit being booked. The stop loss or 3rd order will simultaneously be cancelled. 

If however, the stop loss price is reached first, the stop loss or 3rd order will get executed and your position will get squared off while limiting your loss. The profit book or 2nd order will simultaneously be cancelled.

The first day of the 'No Delivery' period is the ex-date viz., if there is any corporate benefit such as rights, bonus, dividend etc. announced for which book closure/record date is fixed, the buyer of the shares on or after the ex-date will not be eligible for the benefits while the seller would be eligible for the same.

Whenever, a book closure or a record date is announced by a company, the exchange sets up a 'No Delivery' period for that security.During this period,trading is permitted in the security.However,these trades are settled only after the No-Delivery period is over.The start of No-Delivery period is the ex-date of the settlement.The settlement is clubbed with the settlement of the week whose pay-out date falls just after the end of the no-delivery period.This is done to ensure that investor's entitlement for the corporate benefits is clearly determined.No-delivery period generally extends to all weekly cycles touched from 15 days prior to the record date and 4 days subsequent to the record date (both inclusive).

Let's suppose SBI announced a Book Closure (BC) for the period 6th July to 30^th July 13. During this period, the company had closed its register of security holders. This was done to determine the number of registered members who were eligible for the Bonus 3:5 and a dividend of 40%. The process of transfer of shares was operational until 5^th July 13. The company announced a No Delivery period from 12^th June to 9^th July 13 before the Book Closure. During this period, trading was permitted in the securities but the trades were settled only after 9th July. Hence, the buyers of the shares were not eligible for the Bonus 3:5 and a 40% dividend. The first day of the No Delivery period is considered as an Ex - Date since the buyer of the shares is not eligible for the corporate benefits for this BC.
The same logic holds good for record date, but the two main differences are that: In case of a record date, the company does not close its register of security holders. Record date is a cut off date ( in the above example 5^th July 13) for determining the number of registered members who are eligible for the corporate benefits [Interim dividend (30%)]. 

The registered shareholders of the company are entitled to corporate benefits such as dividend, bonus, rights etc. announced by the company from time to time. Since, the ownership of shares of companies traded on the stock exchange is freely transferable and to enable the company to know the persons entitled to the benefits, all transfers of securities have to be registered with the company (this is required in case of transfer of shares in physical form). Since transfer of securities is a continuous process open any time, the company announces cut off dates from time to time and members on the register of shareholders as of these cut off dates are entitled to the benefits. Such cut-off dates are record dates. Alternatively, the company might choose the close the register of shareholders for registration of transfer during a specified period. All transfer requests received before the commencement of the book closure or on or before the record date are considered for the purpose of transfer. A Company cannot close its books for more than 30 days at stretch for a book closure, and not more 45 days in a year. The period between two Book Closure cannot be less than 90 days.

Select "Demat Holding" icon from "Menu" option to view all the Holdings available for Sale.

Holdings can be seen in the Portfolio Screen available under Menu. Portfolio screen consist of 3 Tabs (Current Holding, Zero Holding and Negative Holding) with Cost of Carry and News Tabs for the Particular stocks you are holding. Current Holding indicates the holding available with you for selling.

For transfer of share from SSL Demat Account to other Demat Account,

We request you to fill necessary details in Delivery Instruction slip and submit the same to our nearest SBI Cap Securities branch.

Incase, you haven’t received delivery Instruction slip book, we request you to submit the ISSUANCE OF NEW DIS BOOKLET form along with a photocopy of self-attested Pan card of all account holders.

The ISSUANCE OF NEW DIS BOOKLET form can be downloaded from the below-mentioned path:-

Home Page > Downloads > Forms.

For conversion of Physical shares into Electronic form ,we request  you to submit  Dematerialization Request form( DRF) & physical share certificates to our nearest SBI Cap Securities branch

The Dematerialisation request form(DRF) can be downloaded from the below mentioned path :-

Home Page > Downloads > Forms > Demat and Destatementisation Request Forms.

You can follow below mention path :-

Home Page > Education > Demo.

Strike price of an option is the fixed price at which the owner of the option can buy (in the case of a call), or sell (in the case of a put), the underlying security or commodity.

The strike price is a key variable in a derivatives contract between two parties. Where the contract requires delivery of the underlying instrument, the trade will be at the strike price, regardless of the spot price (market price) of the underlying instrument at that time. 

 “Puts” give the buyer the right, but not the obligation to sell a given quantity of underlying asset at a given price on or before a given future date. All the options contracts are settled in cash. Options is classified into European Options where options can be exercised only on the expiration date. All index options traded at NSE are European Options.

“Calls” give the buyer the right but not the obligation to buy a given quantity of the underlying asset, at a given price on or before a given future date. Options is classified into European Options where options can be exercised only on the expiration date. All index options traded at NSE are European Options.

An Option is a contract which gives the right, but not an obligation, to buy or sell the underlying at a stated date and at a stated price. While a buyer of an option pays the premium and buys the right to exercise his option, the writer of an option is the one who receives the option premium and therefore obliged to sell/buy the asset if the buyer exercises it on him.

Futures and Options is traded in a lot size specified by the exchange. The trading has to be done in the specified lot size.

Futures and Options contracts have a maximum of 3-month trading cycle -the near month (one), the next month (two) and the far month (three). This way, at any point in time, there will be 3 contracts available for trading in the market (for each security) i.e., one near month, one mid month and one far month duration respectively. It is the last day on which the contracts expire. Futures and Options contracts expire on the last Thursday of the expiry month. If the last Thursday is a trading holiday, the contracts expire on the previous trading day.

A futures contract is an agreement between two parties to buy or sell an asset at a certain time in the future at a certain price. All the futures contracts are settled in cash at NSE.

A Stop Loss Trigger Price is an order to buy (or sell) a security once the price of the security climbed above (or dropped below) a specified stop price. When the specified stop price is reached, the stop loss order is entered as a market order (no limit) or a limit order (fixed or pre-determined price).

A Stop loss order allows the client to place an order which gets activated only when the market price of the relevant security reaches or crosses a threshold price specified by the investor in the form of 'Stop Loss Trigger Price'. When a stop loss trigger price (SLTP) is specified in a limit order, the order becomes one which is conditional on the market price of the stock crossing the specified SLTP. The order remains passive (i.e. not eligible for execution) till the condition is satisfied. Once the last traded price of the stock reaches or surpasses the SLTP, the order becomes activated (i.e. eligible for execution by being taken up in the matching process of the exchange) and then on behaves like a normal limit order. It is used as a tool to limit the maximum loss on a position.

Examples:

Trigger Price – Buy Order (SL - M)

You wish to buy TCS shares. The last traded price (LTP) of the same is Rs. 2000. You may place a Stop Loss Market (SL-M) buy order specifying any Trigger price above Rs. 2000. Let’s consider the support level of TCS is at Rs. 2010. A stop loss buy market order can only be executed by the exchange at the trigger price or higher.  Once the market price of TCS reaches the TP i.e. (e.g.)  Rs. 2010, the order gets triggered and executed with the available price in the market.

Trigger Price – Sell Order (SL - M)

You wish to sell TCS shares. The last traded price (LTP) of the same is Rs. 2000. You may place a Stop Loss Market (SL-M) sell order specifying any Trigger price below.  Rs. 2000. Let’s consider the support level of TCS is at Rs. 1990. A stop loss sell market order can only be executed by the exchange at the trigger price or lower.  Once the market price of TCS reaches the TP i.e. e.g.   Rs.1990, the order gets triggered and executed with the available price in the market.

Trigger Price - Buy Order (SL – L)

You wish to buy TCS shares. The LTP is at Rs. 2000. You may place a Stop Loss Limit (SL-L) buy order specifying any Trigger price above Rs. 2000. Let’s consider the support level of TCS is at Rs. 2015. You may place Trigger price at Rs. 2015 and a limit price at Rs. 2020. A stop loss buy limit order can only be executed by the exchange at the limit price or lower. The trigger price (TP) has to be between the last traded price and the buy limit price. Once the market price of TCS reaches the TP i.e.  Rs. 2015, the order can get executed at any price between Rs. 2015 to Rs. 2020.           

Trigger price - Sell Order (SL - L)

You wish to sell TCS shares. The LTP is at Rs. 2000. You may place a Stop Loss Limit (SL-L) sell order specifying any Trigger price below  Rs. 2000. Let’s consider the resistance level of TCS is at Rs.1990. You may place Trigger price at Rs. 1990 and a limit price at Rs. 1985. A stop loss limit sell order can only be executed by the exchange at the limit price or higher. The trigger price (TP) has to be between the last traded price and the sell limit price. Once the market price of TCS reaches the TP i.e.  Rs. 1990, the order can get executed at any price between Rs. 1990 to Rs. 1985.           

Important

Please note that in a buy order, the Trigger Price (TP) cannot be equal or less than the last traded price. This is treated as a normal order because the condition that the last traded price should exceed the trigger price for a buy order is already satisfied. Similarly, in case of a TP sell order, the TP should not be equal or greater than the last traded price for the same reason.

In an Intraday order, only a specified percentage of the order value is blocked from your limit. A sell order in the intraday segment can be placed even without having any stock in demat account.

Intraday Trading basically deals with Profit/Loss and not having actual delivery of shares. For example, if you have a margin buy position of 100 Reliance Shares', squaring off this position would mean selling 100 Reliance shares. Also, please note if you do not square off your position, your position will be squared off at our end at the end of pre-specified time.

- Cash

- Equity Derivatives

- Currency Derivatives

 (Limits values will change for equity derivatives and currency derivatives).

For example, if you place an order to buy 100 shares of Reliance, 100% of the order value is blocked from your limit and 100 shares are added to your demat account.  If you place an order to sell 100 shares of Reliance, 100 qty of Reliance shares are blocked in your demat account & after selling shares, amount will be added in to the available limit.

Normally, the order quantity is disclosed in full to the market. An order with a Disclosed Quantity (DQ) condition/attribute allows the Trading Member to disclose only a part of the order quantity to the market.

For example, an order of 1000 with a disclosed quantity condition of 200 will mean that 200 is displayed to the market at a time. After this is traded, another 200 is automatically released and so on till the full order is executed. In NSE, the DQ (Disclosed Quantity) should not be less that 10% of the Order Quantity and at the same time should not be greater than or equal to the Order Quantity. In BSE, the DQ (Disclosed Quantity) should not be less than either 10% of the Order Quantity or 1000 whichever is lower and at the same time should not be greater than or equal to the Order Quantity.

This can be used to allocate or deallocate your funds provided in the Limits window.  

A Day order is valid for one trading day only. An Immediate or Cancel (IOC) order allows the user to buy or sell a security as soon as the order is released into the system, failing which the order is cancelled from the system. Partial match is possible for the order and the unmatched portion of the order is cancelled immediately.

Ledger provides a consolidated list of transactions in the client account.

You can trade on Intraday on select stocks. 

Yes. Simply click on “Download Excel” option.

Yes. Besides the current financial year, you can view your ledger details for upto the last 10 financial years. You need to select the relevant year from the drop-down option.

Contract note is a statement of confirmation of trade(s) done on a particular day for and on behalf of a client. A contract note is issued in the prescribed format and manner, establishing a legally enforceable relationship between the member and client in respect to the trades stated in that contract note. Contract notes are made in duplicate, where the member and client both keep one copy each.

To view your Contract Note please follow below mention path :-

Login > Home > Back office > Digital Contract Note then enter Client Code and Password.

- Voucher date

- Voucher type (i.e. receipts, payments or journal voucher)

-  Particulars (i.e. the details of the transaction whether debit or credit).

-  Debit entry

-  Credit entry

-  Balance

The trade executions are confirmed online and the trading history is updated immediately. In the Order Book, the status of each order is updated on a real-time basis. On execution, the status changes to 'Executed' or incase Partly Executed' then the status shows “Pending”. You can view details of the trades executed by clicking on the link. In the Trade Book you will be able to see the details of all the executed trades that have taken place. In addition, you will receive SMS confirmations on execution. The contract note will be send to you by mail or physical at the end of the day.

Yes. The total of debit balances is indicated in red colour, whereas the total of credit balances is indicated in green colour.

No. All the row headers are fixed. There is no drag and drop option available.

Yes, you can go short in the Intraday Segment. 'However, such Sell positions need to be closed out before the specified time before the end of the settlement. You cannot go short in the Cash Segment'. Here, you can sell only those shares which are there in your demat account.

These are highlighted in light blue and dark blue colour combinations to appear more prominent for viewing purposes.

Depending on the regulations governing each segment, certain heads contributing funds may not be taken into consideration while providing limits for that particular segment. Hence, each segment will have different limits.

Yes, you need to have money in your Bank account before placing an order. Alternatively if you have sold some shares, the sale proceeds can be used to buy the shares you want. 

Yes, you can enter limit orders after trading hours by ticking on “AMO”. Orders placed after trading hours are pending in the system and are sent to the exchange whenever the exchange next opens for trading. In the Order Book, the status of such orders is shown as “AMO received”. 

Yes, you can cancel an order any time before execution. You can do this by accessing the Order Book page and clicking on the hyperlink for 'Cancel’ against the order which you wish to cancel. In case the order is already partly executed, only the unexecuted portion of the order can be cancelled. 

• Name of the scrip (company)
• View posted by the research analysts (Buy, Sell Or Hold)
• Target prices (1^st, 2^nd and 3^rd)
• Stop Loss targets (1^st, 2^nd and 3^rd)
• Source of the research analysis

Yes, you can modify an order any time before execution. You can do this by accessing the Order Book page and clicking on the hyperlink for 'Modify' under “Action” against the order which you wish to modify. However, you cannot modify your order when it is executed with the exchange, In case the order is already partly executed, only the unexecuted portion of the order can be modified.

- Commentaries

- Events

Very much. In case of a limit order, it might remain totally unexecuted if there are no matching orders. For example, if you place a sell order for 100 shares @ 100 per share. It might remain totally unexecuted if there are no buy orders for the share for a price of 100 or more. Further, an order can get executed for any quantity less than or equal to the order quantity. On part execution, the original order is converted into an order for the balance quantity against which another trade can happen. Since these are different trades, it is possible that the trades are executed at different price. 

In case of market orders placed on NSE, even a market order might remain unexecuted if there are no matching orders. In such cases, the unexecuted portion of the market order is converted into a limit order at the last traded price for the balance quantity. For example, when the last traded price of a share was 100, if a market order is placed to sell 100 shares, the sell order will be matched against all limit orders for buying the shares. In case there are no or insufficient orders for buying 100 shares, the unexecuted market order is converted automatically into a limit order to buy sell 100 shares at a price of 100 (the last traded price). In case the order was partly executed and the last execution took place at 95, the price of the limit order for the balance quantity would be 95.

In case of market orders placed on BSE, all buy market orders go to the Exchange with the price of the best offer and all sell market orders go to the exchange with the price of the best bid offer. In case at that point of time it is found that that particular bid or offer is no longer present in the exchange this market order gets cancelled by the exchange. In case of part execution of market order, the remainder order gets converted into a limit order at the last executed price. 

Yes. Simply use drag and drop option on the header line to adjust the columns as per your discretion.

The market commentaries are updated on a continuous basis and arranged in a chronological order i.e. the latest news gets displayed on the top of the screen.

Our SSL Research Personnel constantly monitors and post commentaries regarding important regulatory announcements, individual company management announcements, broader market trends, etc. which may be of interest or significant to the investor. Such commentaries can be seen in this section.

Yes, you get online confirmation of orders and trades - the status of any order is updated on real-time basis in the Order Book. As soon as you place your order they are validated by the system and sent to the exchange for execution. The entire process is fully automatic and there are no manual interventions. You will also receive an e-mail confirming the orders placed by you at the end of the trading day. Digitally signed contract notes will also be sent via e-mail or physically as opted for the orders executed during the trading day. The digitally signed contract notes are also available on the Back office link post login on our website. 

This may not be possible as the number of news based announcements is traditionally on the higher side. Kindly use the scroll down option indicated in yellow to view further announcements.

Use the scroll up and scroll down options (indicated by up and down arrowheads) on any of the header options.

You will be able to buy and sell shares in the Cash Segment that are traded in the compulsory dematerialized form on the exchanges. As of date, you may trade in more than 1100 scripts in NSE and more than 3000 scripts in BSE through www.sbimart.com. More and more shares are being added to this category every month by the regulatory authorities. Of these shares, you may place orders for select shares in the Intraday Segment.

- Investments made by retail investors, FII’s, etc.

- New product launches by companies

- Regulatory announcements / grants / approvals impacting individual stocks

- Court rulings impacting individual stocks

- Government announcements

- Movements of benchmark indices, etc.

Market events are a calendar type representation of past as well as forthcoming specific company events / announcements. Use the calendar option to view events for any specific date.

- You can view a calendar on the main screen, with the current month generally on display

- For seeing news of previous months, click on the left arrowhead prefixing the current month

- For seeing news of future months, click on the right arrowhead suffixing the current month

- Click on a particular day to view the announcements scrip-wise

- Click on each individual scrip to view the announcements (in case of multiple announcements for the same scrip, latest news are arranged first)

- Use scroll down option highlighted in yellow to view details of more scrips

Yes, you just need to tell us the account details and we shall link up your existing accounts with SBISmart trading  account for online investing. You can link up only an existing Bank account or only one or more Demat account(s) or both the existing Bank account and Demat Account(s). Anyway, you can always opt to open a new Demat and Bank account with your SBISmart Trading account. 

You can place both market and limit orders.

Limit Order is an order to buy or sell securities in which you specify the maximum price per unit in case of a Buy order and the minimum price per unit in case of a Sell order. The actual transaction can be at a price more favorable than the price specified.

Market Orders have different interpretations for both NSE and BSE.

Market Orders in NSE : This is an order to buy or sell securities at the best price obtainable in the market at the time it is matched by the exchange. Therefore, chances of its getting executed are better. In case of market orders for NSE, all market orders placed which are not executed become limit orders at the last traded price. Where a market order is not executed fully, it becomes a limit order for the balance quantity at the last traded price.

Market Orders in BSE :

Market orders can be placed only during market hours (i.e. when the Exchange is open for trading

- Declaration of dividend (interim or final or special)

- Announcement of board meeting or annual general meeting

- Issuance of bonus shares

- Any miscellaneous news related to the company

SBI Smart offers its customers execution capability on the National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange (BSE).

Yes. Upon clicking, two options would be made available to you – Buy (indicated by the alphabet “B”) and Sell (indicated by the alphabet “S”).

Online trading is a new form of trading that has become possible due to the developments in telecommunication. Earlier, investors had to call up their brokers and place an order on the phone. The broker would then enter the order on their system and execute the trade. But now, with internet usage becoming widespread, investors can enter orders directly online. They just have to have an online trading account with a broker and they can execute their trades themselves. It is like the investor is himself sitting on a trading terminal.

Please note that,unlike in the lien facility, the money transferred using the fund transfer facility does not earn you any interest.

A Stop Loss Order is an order to buy (or sell) a security once the price of the security climbed above (or dropped below) a specified stop price. When the specified stop price is reached, the stop loss order is entered as a market order called as a Stop Loss Market Order or a limit order called as a Stop Loss Limit Order.

A Stop loss order allows the client to place an order which gets activated only when the market price of the relevant security reaches or crosses a threshold price specified by the investor in the form of 'Stop Loss Trigger Price'. When a stop loss trigger price (SLTP) is specified in a Stop Loss limit/market order, the order becomes one which is conditional on the price of the stock crossing the specified SLTP. The order remains passive (i.e. not eligible for execution) till the condition is satisfied. Once the last traded price of the stock reaches or surpasses the SLTP, the order becomes activated (i.e. eligible for execution by being taken up in the matching process of the exchange) and then on behaves like a normal limit/market order. It is used as a tool to limit the maximum loss on a position.

In Such cases request you to kindly write to us on helpdesk@sbicapsec.com and attach the bank statement copy showing the debit amount in your account.

- Date and time of the news (which is updated on a real-time basis; the latest news is arranged on top)

- Company (or scrip) name

- Symbol corresponding to the scrip name

- Brief description of the news

This happens because you might have closed the Fund Transfer window within 30 seconds after the bank’s confirmation of a successful transaction. Please Select the “Verify” button available at the Transaction Report > Payin/Lien page. This would check the current status and if it is successful then would update the limit accordingly.

For future transactions, please do not close the Fund Transfer window till you confirm that the amounts being transferred are visible under Net Lien Amount field in Website and Mobile App and Pay in Amount field in Exe.

Offer for Sale is a facility allowed by Securities and Exchange Board of India (SEBI) in order to facilitate promoters to dilute/offload their holding in listed companies in a transparent manner with wider participation in the market through a separate window provided by the Stock Exchange(s). 

The maximum limit is 50.

A charge of Rs. 10/-per successful fund transfer will be levied for using this facility.

A Stop Loss Trigger Price is an order to buy (or sell) a security once the price of the security climbed above (or dropped below) a specified stop price. When the specified stop price is reached, the stop loss order is entered as a market order (no limit) or a limit order (fixed or pre-determined price).

A Stop loss order allows the client to place an order which gets activated only when the market price of the relevant security reaches or crosses a threshold price specified by the investor in the form of 'Stop Loss Trigger Price'. When a stop loss trigger price (SLTP) is specified in a Stop Loss limit order, the order becomes one which is conditional on the market price of the stock crossing the specified SLTP. The order remains passive (i.e. not eligible for execution) till the condition is satisfied. Once the last traded price of the stock reaches or surpasses the SLTP, the order becomes activated (i.e. eligible for execution by being taken up in the matching process of the exchange) and then on behaves like a normal limit order. It is used as a tool to limit the maximum loss on a position.

Stop Loss Market Order is an order that enables placing a market order subsequent to the price touching a trigger price. Once the price of the scrip crosses the trigger price, the Market order is placed at the exchange.

Illustrative Examples:-

(A) Trigger Price – Buy Order (SL-M):-

You wish to buy TCS shares. The last traded price (LTP) of the same is Rs. 2,000/-. You may place a Stop Loss Market (SL-M) buy order specifying any Trigger price above Rs. 2,000/-. Let’s consider the Resistance level of TCS is at Rs. 2,010/- and you believe that the price of the scrip would thus move higher, you can place a Stop Loss Buy Market Order.

A stop loss buy market order can only be executed by the exchange at the trigger price or higher.  Once the market price of TCS reaches the TP i.e. (e.g.) Rs. 2,010/-, the order gets triggered and executed with the available price in the market.

(B) Trigger Price – Sell Order (SL-M):-

You wish to sell TCS shares. The last traded price (LTP) of the same is Rs. 2,000/-. You may place a Stop Loss Market (SL-M) sell order specifying any Trigger price below Rs. 2,000/-. Let’s consider the support level of TCS is at Rs. 1,990/- and you believe that the price of the scrip would thus move lower, you can place a Stop Loss Sell Market Order.

A stop loss sell market order can only be executed by the exchange at the trigger price or lower.  Once the market price of TCS reaches the TP i.e. (e.g.) Rs. 1,990/-, the order gets triggered and executed with the available price in the market.

(C) Trigger Price - Buy Order (SL – L):-

You wish to buy TCS shares. The LTP is at Rs. 2,000/-. You may place a Stop Loss Limit (SL-L) buy order specifying any Trigger price above Rs. 2,000/-. Let’s consider the Resistance level of TCS is at Rs. 2,015/- and you believe that the price of the scrip would thus move higher, you also believe that buying the scrip between 2015 & 2020 would be an investment opportunity,  you can place a Stop Loss Buy Limit Order. You may place Trigger price at Rs. 2,015/- and a limit price at Rs. 2,020/-. A stop loss buy limit order can only be executed by the exchange at the limit price or lower. The trigger price (TP) has to be between the last traded price and the buy limit price. Once the market price of TCS reaches the TP i.e.  Rs. 2,015/-, the order can get executed at any price between Rs. 2,015/- to Rs. 2,020/-.

(D) Trigger price - Sell Order (SL- L):-

You wish to sell TCS shares. The LTP is at Rs. 2,000/-. You may place a Stop Loss Limit (SL-L) sell order specifying any Trigger price below Rs. 2,000/-. Let’s consider the Support level of TCS is at Rs. 1,990/- and you believe that the price of the scrip would thus move lower, you also believe that selling the scrip between 1990 & 1985 would be an investment opportunity,  you can place a Stop Loss Sell Market Order.

You may place Trigger price at Rs. 1,990/- and a limit price at Rs. 1,985/-. A stop loss limit sell order can only be executed by the exchange at the limit price or higher. The trigger price (TP) has to be between the last traded price and the sell limit price. Once the market price of TCS reaches the TP i.e.  Rs. 1,990/-, the order can get executed at any price between Rs. 1,990/- to Rs. 1,985/-.     

Yes. Simply use drag and drop option to arrange the columns as per your discretion.

Transferred Amount will be credited to the Trading Account instantly.

This is because the number of announcements may be on the higher side. Use the scroll down option highlighted in yellow to view further announcements.

Yes. You can buy / sell from the News section. Click on the individual scrip name. You will get two options as follows:-

• BUY :- represented by “B” circled in green colour 
• SELL:- represented by “S” circled in red colour 

Click on any particular scrip to view the details of the announcement. At the bottom of the news, you will get details of the source of the particular news.

- Declaration and / or outcome of board meeting / annual general meeting

- Declaration of dividend / bonus shares

- Change in management structure / composition of senior management

- New product launches

- Movement of benchmark indices,

- Any miscellaneous news, etc.

• You can click on the news you wish to read and you will be able to view the details of the news.

Refund request for the fund transfer from Non-Default bank Account/Default bank Account should be placed after 72 hours from the creation of fund transfer request. Said refund will be released in client’s designated bank account (i.e. default bank account).

Any request for refund prior to aforesaid period shall be rejected at SSL’s end. Client needs to set fresh request for refund as per period mentioned.

• Click on “Back” to see the other news.

Lien Amount and Fund Transfer Amount will be consolidated and shown in Pay in Amount(on SBISmart Xpress) and Net Lien Amount(on SBISmart Website and SBISmart Apps) fields

As a customer of SBISMART now, you can bid in Offer for sale of specific eligible stocks which the exchange(s) may allow from time to time. 

Limit orders provide an instruction to only execute at or under a purchase price while buying a scrip or at or above a sales price while selling a scrip. They deal primarily with the price; if the security's value is currently resting outside the parameters set in the limit order, then the transaction does not take place.

Limit Order is an order to buy or sell securities in which you specify the maximum price per unit in case of a Buy order and the minimum price per unit in case of a Sell order. The actual transaction can be at a price more favorable than the price specified.

On the other hand, Market orders provide instructions to execute, as quickly as possible, a transaction at the present, or at the market price. A market order primarily deals with the execution of the order. 

While buy and sell transactions in Cash segment can be placed for a listed scrip on all trading days, under offer for sale only Buy transaction can be carried out minimum one hour and maximum only on one trading day during the bidding period in a specific eligible stock offered for sale through exchange(s).

Transferred Amount can be seen as given below:

1. SBISmart Website - Limits - Net Lien Amount Field
2. SBISmart Xpress - View RMS Limits - Pay in Amount Field
3. SBISmart Apps - Accounts - Net Lien Amount Field

Changing bank account manually or through calling customer care is not possible.Client needs to fill the Multiple bank account registration along with a personalized cancel cheque of the said account and submit the hard copy to the SBI Cap Securities branch.

Offer for Sale can be made by promoter(s) or promoter group entities of such companies that satisfy the criteria as set by SEBI or Exchanges from time to time for selling shares through Offer for Sale scheme. Thereby, only if such promoter or promoter group entity announces offer for sale of shares only then such stock(s) shall be available under this facility.

The duration of an offer for sale shall be for a maximum of one trading day i.e. 9.15 a.m. to 3.30 p.m. subject to a minimum period of one hour and placing of orders will be allowed during this bidding period as specified by the Seller(s) / Exchanges for a particular stock. However, SBISMART will specify a cut-off time up to which the bids will be accepted and this will be before the end of bidding period. You will not be able to place or modify bids after the specified cut-off time. 

Yes, you can continue trading under normal Equity segment for stocks available under Offer for sale. Moreover, you can also buy these shares through Offer for sale facility on the day such bidding is allowed.

There is a separate link named "Offer for Sale (OFS)" available under the Back Office section through which you can place Buy order(s) under this facility. 

- User messages

- General messages

Only BUY bids of eligible stock(s) are allowed under Offer for Sale facility .

- Date and time of the message

- Description of the message

• ►STATE BANK OF INDIA
• ►STATE BANK OF BIKANER AND JAIPUR
• ►STATE BANK OF HYDERABAD
• ►STATE BANK OF MYSORE
• ►STATE BANK OF PATIALA
• ►STATE BANK OF TRAVANCORE
• ►BANK OF MAHARASHTRA
• ►BANK OF INDIA
• ►CATHOLIC SYRIAN BANK
• ►CITY UNION BANK
• ►DEUTSCHE BANK
• ►DHANLAXMI BANK
• ►FEDERAL BANK
• ►HDFC BANK
• ►ICICI BANK
• ►IDBI BANK
• ►INDIAN OVERSEAS BANK
• ►INDIAN BANK
• ►INDUSIND BANK
• ►JAMMU AND KASHMIR BANK
• ►KARUR VYSYA BANK
• ►KOTAK MAHINDRA BANK
• ►LAKSHMI VILAS BANK
• ►SARASWAT BANK
• ►TAMILNAD MERCANTILE BANK
• ►YES BANK 

Yes. Use drag and drop option to arrange the columns as per your discretion.

Apart from the default bank account,one more bank account number can been added currently.

Messages are updated on a continuous basis. These are displayed in a chronological order with the latest news appearing on the top of the screen.

As and when the number of messages are more, you cannot view all messages in a single window. Click on the down arrow on the header column to view additional messages.

Yes, it is possible that there is market closure due to breach of "market wide index based filter" due to which such offer for sale shall be halted and stock may be disabled for bidding by exchange(s) during the offer period. 

Messages specifically meant to be given to the particular customer by SSL.

You can place only Limit order(s) under Offer for Sale facility as market order(s) are disallowed. 

Messages generically meant for all the customers by SSL.

The bank account number which is currently used for Lien/Unlien hereinafter (designed as the default bank account) has been automatically activated for Fund Transfer also and in case you want to add multiple Bank Account numbers apart from the default bank account then you have to download the Multiple Bank Account Registration form from the Payin -> NetBanking page and follow the "Instructions and Terms & Conditions" given in the Registration form.

Funds Transferred through Online Payment Gateway will be considered first and then Lien Marked Amount.

Yes, you can place multiple buy orders for a single stock available under the Offer for Sale facility.

Demo can be found in the mailer sent by SBI Capital Securities Ltd on your registered E-Mail id and also available in  Website > Home Page > Education > Demo.

Seller(s) may declare a floor price in the announcement of Offer for Sale or choose not to publicly disclose the floor price. Floor price is the minimum price at which the seller intends to sell the share. In case floor price is disclosed to the market, orders below the floor price shall not be accepted. If floor price is not disclosed to the market, there shall be no price band applicable for the orders/bids but no allocation will be made for orders/bids below the floor price.

- Company

- Exchange

- Quantity

- Obligation Type 

Your buy order under Offer for sale would require 100% Cash limit i.e. Shares as margin limit is not allowed to place offer for sale orders. Similarly, limit would be required on modification of orders placed under offer for sale. The limit required can be calculated as follows:

Limit required = Quantity * Price 

Yes. Simply use drag and drop option on the column headers to arrange the columns as per your discretion.

Use “Refresh” option at the top hand right hand corner of the screen to refresh the data.

Yes, you can modify or cancel orders placed under offer for sale but the modification or cancellation would not be allowed during the last 15 minutes of the duration of offer or of the cut-off time specified by SBISMART whichever is earlier. 

Yes. You can also scroll up and down using the up and down arrowhead options to view additional details.

You can click on the order reference number link of the bid placed from the order book and refer the Exchange reference number column of the order log. If there is a reference number specified this would mean that the bid has been sent to exchange. 

- You can sell the obligation scrips which were brought yesterday or the previous trading day.

-  You can square off your positions.

The allocation of shares shall be done by the designated stock exchange. The method of allocation would be a single price or multiple prices based on the specification from the seller in this regard. 

We request you to submit the below-mentioned documents for modification of bank details in your trading and Demat Account

1. Change of bank details linked to Trading account. (For Online Accounts).

2. Personalized Cancelled cheque leaf.

    Please follow the below-mentioned path to Download Bank Modification Form.

    Home Page > Downloads > Modification in Bank Accounts for Online Clients

3. Please note that if you are unable to provide personalize cheque leaf, kindly submit the last 6 months bank statements with canceled cheque leaf.

Documents need to be self-attested and to be attested by SBI Cap Securities Limited Official. All the documents can be submitted at any of the SBI Cap Securities Limited Branches (www.sbismart.com > Customer Service > Contact Us > Locate Us.)  

After placing a normal delivery buy order, on the T+1 day, you can view your orders in the Obligation column. In case you wish to sell the scrip, you can do so from this obligation window.

The settlement shall take place similar to trade to trade basis and completed by T+1 trading day (where T is the date of closure of offer). In such case if you have been allotted shares then shares will be credited to your demat account by T+1 trading day directly by the concerned Stock Exchange.

The limits will be released by T+1 trading day if the shares are not allotted to you. 

No. There is no change in brokerage rates of your normal Cash transactions and offer for sale transactions. The brokerage rates and applicable charges are same for Cash and Offer for sale transactions. 

You can select Views bar from the menu and can see research calls

Yes, you can select News tab from the menu and can see market news.

 If you get such a message, then write to us at helpdesk@sbicapsec.com

Yes, you can do by selecting the Sell option of the respective stock from the position tab.

Product conversion can be done from the Trade Book. 

a. Based on EOD (end-of- day) data:-

   Graphical representation of the benchmark indices levels and % changes

   Ratio of shares advancing to declining

   FII & DII turnover in equity and debt segments

   Intraday block deals

   Intraday bulk deals

b. Based on continuous data on a 15-minute delay basis:-

   Top gainers and losers

   Hourly gainers and losers

   Volume toppers

   Volume shockers

Yes, you can cancel an order any time before execution. You can do this by accessing the Order Book page and clicking on the hyperlink for 'Cancel against the order which you wish to cancel.In case the order is already partly executed, only the unexecuted portion of the order can be cancelled. 

If the placed AMO orders are rejected with the reason "Target Not Logged" then send a mail to helpdesk@sbicapsec.com.  

AMO orders can be placed After Market by selecting AMO check box in the Order Entry screen. Placed AMO orders will be displayed in the Order Book where client can Modify and Cancel till the orders are placed at the exchange when the next trading day starts. Timing for placing AMO order is 4.15PM to 9.13AM

Yes, you can modify an order any time before execution.You can do this by accessing the Order Book page and clicking on the hyperlink for 'Modify' against the order which you wish to modify.However, you cannot modify your order while it is queued with the exchange, i.e.,confirmation is awaited from the exchange for the acceptance of the placement of any order or any modification/cancellation request.In case the order is already partly executed,only the unexecuted portion of the order can be modified.

If the Order Book and Trade Book does not display any data then Logout and Re-Login again for the orders to reappear. If the problem still continues then send a mail to helpdesk@sbicapsec.com for resolution."  

Yes, you can place after market order from LITE Site. AMO checkbox is available in the Order Entry Panel which needs to be selected while placing the order.

Your Orders and Trades can be seen under Orders/Trades screen available under Menu. Order details and the current status can be seen in Order Book and all the trades can be seen in Trade Book. Order Modification and Cancellation can also be done from Order Book Tab. 

You can select Quotes tab from the menu and you can view the Best Quantity and Price of a scrip available in the Market.

In order to place a buy/sell order it is important to fill in your order details and press on the “Go” button for the LTP (Last Traded Price) to appear. Once the same is done, you can click on the “Submit” button and place your order. 

Yes, you can select the stock and you will be directed to order entry panel to place an order.

No, this feature is not available in LITE Site.

• Click on Trade Login.
• Enter your trading username and password.
• Click on "Home" tab on the left-hand side screen.
• Go to "Back Office".
• Click on "Ledger".
• Select the Financial Year and click Submit to view your ledger details.

Liened Marked Fund can be seen in the Net Lien Amount field available at the Limit screen

Available Limit can be viewed in the Limits screen of 4 different levels (Client, Cash, Derivatives and Currency).

 · If refresh doesn't work in order book or trade book, then select the URL and press enter.

·  If scrips are not added in the market watch, then select the URL & press Enter.

·  If series is not displaying when placing an order from order entry panel, then select the URL and press Enter.

·  When selecting order book (trade book, position, market watch, portfolio, lien/unlien, widgets, back-office & obligation) from Menu and if please wait is displaying for more than 2 minutes then select the URL & press Enter from your keyboard.

·  After entering credentials, if the page is displaying blank then press Back Arrow in the browser & select the logout icon which is at the right-hand side of the corner. It would log-out & you will be saved from waiting for 10 minutes.

·  If you are selecting modify, buy more, sell & sell more from action tab in the order book and if values of scrip are not added in order entry panel then go to URL and press Enter.

·  If an open order is not getting cancelled, then go to URL and press Enter.

·  When no order confirmation message appears after squaring off the positions then go to URL and press Enter.

·  If available limits are not deducted, then go to URL and press Enter.

·  If convert product is not happening then go to URL and press Enter.

·  If trade log widget is displaying 10 columns then go to browser history & delete it. Kindly re-login again.

.  If charts are not displayed in the chart screen then go to URL and press Enter.

Yes, you can see the watch list that you have created on main site.You can select the Market Watch option from the menu and select the profile that you have created in main site. 

You can send us the duly filled and signed form at the following address:

KYC Department,
SBICAP Securities Ltd
A & B Wing,12th floor, Marathon Futurex,
N. M. Joshi Marg,
Lower Parel,
Mumbai – 400 013.

Yes. Besides the 2 main benchmark indices, you can select across a whole wide range of other indices also which are generally tracked. E.g. Bank Nifty, BSE100, etc. Upon selecting the relevant benchmark index, a bubble-type representation of the relevant scrips appears on the screen showing various positions in the scrips.

Bubble maps are made based on the following basis:

a) The horizontal axis lays the scrips of the index chosen in alphabetical order from left to right.

b) The vertical axis is the percentage change in price with respect to previous closing price.

c) The radius of the sphere is the turnover (i.e. number of scrips traded X last traded price) or the open interest depending on the scatter map chosen

d) The coloring logic of the spheres is as follows:

     a. If % change in price is +ve and OI change is +ve then Green (Long Build up)

     b. If % change in price is +ve and OI change is -ve then Blue (Short covering)

     c. If % change in price is -ve and OI change is +ve then Red (Short Build up)

     d. If % change in price is -ve and OI change is -ve then Orange  (Long unwinding)

%Change v/s Turnover: - In this map, the size of the bubble corresponds to the value of the turnover v/s the percentage change.

Open Interest v/s %Change: - In this map, the size of the bubble corresponds to the value of the Open Interest v/s the percentage change.

You can view under FIFO & AVG options. Click on the relevant option to view details of your holdings in your portfolio.

Broadcast will not get refreshed automatically.The User has to select the Refresh button for refreshing the broadcast.

 If you are unable to generate OTP then please wait for 3-4 minutes, else regenerate it again. If you still face a problem, then please contact us on 1800 209 9345 or you can mail us on helpdesk@sbicapsec.com

Fund: 

You can select Lien Tab from the menu tab. Selecting “Mark Lien/Unlien for funds” option will redirect to the Fund Lien Screen where the funds can be Lien marked from your Bank Account. The Lien marked funds can be viewed in the Limit screen.

Stock: 

You can select Lien Tab from the menu tab. Selecting “Mark Lien/Unlien for Stocks” option will be redirected to the DP Screen where the Stocks can be Lien marked. 

- Grid representation covered by horizontal and vertical axis with bubble formations at the center of the grid.

-  Vertical axis contains the % changes (both positive and negative), whereas horizontal axis contains the various positions in the stock, each represented by a distinct colour.

- Name of a scrip is present in each of the bubbles appearing in the grid formation.

- Each bubble is represented by a distinct colour depending upon the relevant position in the scrip.

- Bubbles may appear standalone or be overlapping with each other.

- The size of each individual bubble depends upon the specific value.

The new SBISMART.com is accessible from all new and contemporary handsets. For older handsets, we recommend you use LBS(Low Bandwidth Site) on mobile for smooth transaction. 

For your convenience, your 1st time login password has been emailed to your email Id registered with us. Incase, you have not received the same, the 1st time Login Password = First 5 characters of your PAN (in the uppercase) followed by @ followed by the last 3 characters of your client code. e.g. if PAN is AGVPP7897N and your client code is ESI123456, then Password = AGVPP@456.
*1st Time login is compulsorily with System Generated Password. Please use ‘Forgot Password Option’ for changing password only for subsequent password change. 

Yes, if you have a GPRS/CDMA connection you can access our low bandwidth site (SBISMART LITE SITE) that has been made for smaller screens.

Yes, you can place orders in MF and OFS through the LITE site. 

You may use the Forgot password link which is available on Trade login page and set a new password as per your choice. However, if still not able to login with the password received from our end, you may contact us on our Toll free no: 1800-209-9345 or send a mail on helpdesk@sbicapsec.com 

You can Place,Modify and Cancel orders.In addition you can also place after market order.

You can change your password by logging into Website. Click on Home  Tab> Change Password.

You have entered incorrect username or password or PAN. Remember to enter PAN in CAPITAL. 

The font size can be increased by using the browser zoom feature which is a standard feature in all contemporary browsers.

You have entered incorrect password 5 times. Hence your account has been locked. It will automatically get unlocked in 10 minutes. You can login again if you remember the password or use Forgot Password option to set a new password.

No, it is currently not available in the LITE site.Change Password can be done through main site 

There is a distinct colour to represent each different position in a scrip:-

- Yellow: - Long Unwinding

- Red: -      Short Build Up

- White: -  No change

- Blue: -     Short Covering

- Green: -  Long Build Up

1. You can select Lite Login option which is on the right side of the panel in website and select the option of forgot username or forgot password.

2. You will be asked for the Client code and PAN (Permanent Account Number) when resetting your password.

3. After this an OTP (One time Password) will be sent to your registered email address and mobile number. 

• Put in the OTP number

• Click on Verify OTP

• Put in your new password and confirm the same
• Click on Change Password You can now login with your changed password.

Low Bandwidth website is available for slow internet connection or for trading from mobile devices.

If there is any mismatch in transactions or if there is a message like “no data found” then wait for a while for proper data synchronization from backend. Alternatively, you can Logout and Re-Login again for the data to reappear. If the problem still continues, then send a mail to helpdesk@sbicapsec.com for resolution.

You can select Lite Site option which is on the right side of the Website.

We perform the portfolio calculations based on the FIFO (First In First Out) method. Please compare your calculations using the same method. If the problem still continues, then send a mail to helpdesk@sbicapsec.com for resolution.

The “Average Cost” basis method adds up the cost basis for the entire position in a specific scrip and divides it by the quantity owned to arrive at an average cost per share. The average cost is then compared with the price at which the scrips were sold to determine gains or losses. On the other hand,

under “FIFO (First-In-First-Out)” option, when you sell your shares/units, you sell your oldest shares/units first.

For example, assume that an investor made the following fund purchases in a taxable account over a time period prior to January 2012: 1,500 shares at Rs. 20, 1,000 shares at Rs. 10 and 1,250 shares at Rs. 8. The investor’s average cost basis is thus Rs. 13.33 (i.e. Rs. 50,000/3,750 shares).

Suppose the investor then sells 1,000 shares of the fund at Rs. 19. The capital gain/loss computed under two different methods stack up as follows:

·  Gain/loss using average cost basis = (Rs. 19 – Rs. 13.33) x 1,000 shares = Rs. 5,667

·  Gain/loss using FIFO = (Rs.19 –Rs. 20) x 1,000 shares = - Rs. 1,000

- Current holdings

- Zero holdings

- Negative holdings

Click on the ”Trade Login” tab.

·   Enter your Client code, Password & Pan Card Number.

·   Click on “Login”.

Please ensure that you are submitting appropriate Client code, Password & Pan card while logging into the account, In case you are unable to Login to the account or have  Forgotten the password.

You can generate a New Password by clicking on "Forgot password" or "Get New Password". Click on the same and follow the further guidance thereon:

·    Fill in your Username ( which is same as your Client Code)

·    Fill in your PAN Number

·    OTP will be generated and sent to you on your mobile number and e-mail id

·    Put in the OTP number

·    Click on Verify OTP

·    Put in your new password and confirm the same

·    Click on Change Password You can now login with your changed password.

Current Holding indicates the holding available with you for selling i.e. if you have bought scrips and are currently holding it.

Yes. Click on the name of any of the scrip to view further details.

Zero Holdings indicates if you bought the scrips and sold it.

- Name of the scrip appears in bold fonts

- Details which can be obtained are : - last traded price, previous closing price, % change, volume and turnover.

If you buy some scrips and sell a part of it, the unsold part will display in negative and current holdings.

Yes. Use drag and drop option on the column headers options to arrange the columns as per your discretion.

Our trading page is most compatible with Google Chrome browser so it is advised to install the same. If you still face a problem, then please email to helpdesk@sbicapsec.com. 

As the number of columns under the type of holdings is on the higher side, it may not be possible to view all columns in a single window. Use the scroll right option highlighted in yellow at the bottom of the screen to view additional columns.

No. You can click on only one scrip at a time. Subsequently, details regarding only one scrip can be viewed at a time.

Yes. You can use the up and down arrowhead options to scroll up and down respectively to view the particulars.

SSL refers to SBICAP Securities Limited. DP refers to Depository Participant. Thus, SSL DP refers to SBICAP Securities as a Depository Participant.

Download “SBISMART” from your Play Store or App Store. You can access your account with the same login credentials as that of your SBISMART online trading portal.

• Report type – Holding, Transactions & Billing
• BO ID
• Current date
• Details of holdings
• Report type – Holding, Transactions & Billing
• BO ID
• Current date
• Details of holdings
•  
• Holding Report: - It is a summary of the number of scrips held by you in your portfolio for a particular demat account along with the corresponding values.
• Transactions Report: - It is a summary of the transactions (both debit and credit) for a particular demat account.
• Billing Report: - It is a summary of the total bill amount payable by you to your depository participant towards DP billing charges. Date-wise bills can be obtained corresponding to specific time periods.

The scrip details can be viewed immediately below the bubble map.

- ISIN number

- ISIN name

- Balance

- Value (In Rs.)

Value per scrip held in the portfolio is calculated as: - Number of shares held * Current market price of that scrip.

The column headers are interchangeable. Use drag and drop option on the column headers to arrange the columns as per your discretion. You can use up and down arrowhead options on the header columns to scroll up and down.

The size of the bubble depends upon the value of the turnover / open interest. Different bubble sizes are useful to visually emphasize specific values.

- Scrip name

- Transaction date

- Description or particulars of the transaction

- ISIN

- Credit / debit transaction

- Balance

The column headers are not interchangeable. Use scroll right option highlighted in yellow at the bottom of the grid to view additional columns. You can specify a date range (“From” and “To”) to view details of your transactions.

To change the address in the SBISMART Trading Account, you need to first get the address changed in your Demat Account.    

· Procedure to change address in Demat

· Fill in the change of address form (www.sbismart.com > Downloads > Forms > Contact details & Address Updation form).

· Need to provide physical documents

· PAN Card Copy ( mandatory )

· Address proof (list available on the form)

· Form needs to be signed by all Holders.

Documents need to be self-attested and to be attested by SBI Cap Securities Limited  Official. All the documents can be submitted at any of the SBICAP Securities Limited  Branches (www.sbismart.com > Downloads > Forms) (Customer Service > Contact Us > Locate Us: Branches).

Once the address is changed in your Demat Account, it would automatically get updated in SBISMART Trading.

• Bill number
• Bill date
• From date
• Bill amount
• Show billing details
•  
• The column headers are not interchangeable.

“News” section keeps you updated about latest news in individual scrips which may have some impact on your portfolio, whether on the upside or on the downside. The news announcements are displayed in a chronological order with the latest news getting displayed on the top.

Trade Login > Enter your username, password and pan card number > Home Tab > User profile.

For updation of email address & Mobile number in your trading & demat account, we request to submit the Contact & Address details updation form and submit the same at our nearest SBICAP Securities branch.

The options on the “Positions” screen are arranged in both a horizontal and vertical fashion.

-Each of the vertical rows has drop-down options, through which you can use the down arrowhead to go to other options.

-Select the details which you wish to view such as scrip, product, exchange, buy side or sell side and profit or loss.

-Based upon the details, the output can be obtained under the column headings corresponding to each individual row such as scrip, product, exchange, etc.

Yes. Simply use drag and drop option on the header columns to arrange the columns as per your discretion.

As the number of header columns is on the higher side, it would not be possible to view all the column headers under a single window.

-Use scroll right option highlighted in yellow at the bottom of the grid to view additional columns.

-Use arrowhead option placed at the Centre point of the grid to scroll towards the right.

It stands for Equity.

It refers to the National Stock Exchange.

-Equity

It refers to the Bombay Stock Exchange. 

- National Stock Exchange (NSE)

- Bombay Stock Exchange (BSE)

It stands for Bracket Order.

It stands for Cover Order.

Enter your trading username, pancard number and password.

Click on "Home" tab on the left-hand side screen.

Go to "Back Office".

Refer to "Research Report" section.

• -Background of the company
• -Product ranges and service offerings
• -Core business areas/areas of operation (domestic and international)
• -Details (number) of branch offices, locations, subsidiaries, etc
• -Strategic alliances
• -Any specific past events such as takeovers, mergers, acquisitions, etc.
• -Details of accolades, awards, certifications, etc. received by the company.

The company profile section is very significant to the investors, particularly prospective investors, as it gives a complete overview of the company since its inception till the current date.

It is a holistic commentary on the size, financials, solvency and long-term prospects of the company and is, therefore, important for any investor who wishes to make a detailed study of the company.

Our site will offer you a comprehensive set of resources like online quotes, news, charts, financial databases, company reports, earnings estimates, technical screeners and a host of research based tools to help you make better decisions. We will also offer a comprehensive markets page where you can get to the latest update on markets, trends, news and events affecting the markets.

• Options calculator
• Cost of carry calculator
• Fibonacci & Pivot

• OPTIDX
• OPTSTK
• OPTCUR

Only NSE exchange option is available. You can compute both price and volatility

All the metrics under price and volatility are depicted in a graphical manner with the values reflecting in a rectangular box on the right-hand side.

Yes.

If there is no activity in the logged in section of our website for 20 minutes, you will be logged out for security reasons. You will need to login again to access your SBISmart.com account.

If you think that you are getting logged out frequently, though you are active on the web site, please follow the steps given below.

Please clear cache memory of your system before logging into your account in the following manner:

Click on Tools > Clear Browsing Data > Clear Browsing Data

Click on Tools - Internet Options - Temporary Internet Files - Settings - Check for newer versions of stored pages - Set to Every Visit to the Page. If you continue to face the issue, kindly contact your system administrator and our Customer Care for resolution. 

Cashback is valid only if your brokerage in a month is above Rs. 1,500/-.

Your Login Id and Password are only known to you as these are stored in encrypted form with us. Infact, even the first time also you get your own Logon Id and Password that are known only to you. 

• The last row is dedicated to the different Option Greeks wherein you can check the different levels of risks associated with the options.

• -  Volatility

  -  Stock price

  -  Duration left

  -  Strike price

  -  Interest rate

  -  Dividend

  There are two types of call options at the bottom – Call option and Put option. Option price gets displayed on the right-hand side of the screen.

  The last row is dedicated to the different Option Greeks wherein you can check the different levels of risks associated with the options.

The scheme shall be applicable for a minimum period of 1 calendar month with upfront fees of Rs. 500/- per month. Application will be considered to be complete only if the upfront amount towards registration fees has been received at our end. 

- Option price

- Stock price

- Duration left

- Interest rate

At the bottom of the screen, you can view the option price and the level of volatility.

Although your bank account is linked to the brokerage account, only you have access to it. SBI Cap Securities Limited has access to it to the extent of the amount that you allocate exclusively for trading. 

-  FUTIDX

-  FUTSTK

-  FUTCUR

Only NSE exchange option is available.

Benefits of this scheme cannot be clubbed with any other currently running scheme.

All the metrics are depicted in a graphical manner with the values reflecting in a rectangular box on the right-hand side.

The principal metrics are:-

-  Spot price

-  Interest rate

-  Duration left

- Fair price of future

SBI Caps Securities Ltd brings you the highest standards of security, which are commercially available on the net. Millions of customers are dealing in shares on the net. We bring you the same level of security standards, which are used by leading international trading sites. 

-  Equity

-  FUTIDX

-  FUTSTK

-  OPTIDX

-  OPTSTK

-  OPTCUR

-  FUTCUR

You can select either NSE or BSE exchange options.

The ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracements are 61.8% and 38.2%. After an advance, Fibonacci ratios help to define retracement levels and forecast the extent of a correction or pullback. Retracement levels alert traders or investors of a potential trend reversal, resistance area or a support area. These various levels are depicted as - First, Second, Third, Fourth & Fifth.

Similarly, for the pivot calculators, the various levels are represented as follows:-

-  R1, R2, R3 (Resistance Levels)

-  S1, S2, S3 (Support Levels).

To subscribe to this scheme, kindly follow the simple steps mentioned below:-

 - TRADE LOGIN to your trading account.

 - Go to ‘Customer Service Tab’ & click on the option of ‘Fayde Ka Sauda Scheme’.

 - Click on ‘I agree to the terms and conditions’. You will get an e-mail confirming that you have been subscribed to the scheme.

• -The scheme will be applicable from the next month of the date of subscription. For example, if the scheme is subscribed to the 20^th of February, it will be applicable for the brokerage generated in the month of March.
• -Refund will be done in the subsequent month. Thus, in the above example, the brokerage will be refunded in the month of April.

Settlement of a trade takes place on the T+2 (transaction+2) working day. So, if shares have been bought in delivery on Monday, they are delivered to your account after 2 days i.e. on Wednesday. You may refer to the payout date of your settlement to know the exact date of payout.

Yes. The client can choose to continue with the scheme till the time, the said scheme is changed/altered or stopped by paying upfront fees of Rs. 500/- per month.

The principal rationale is to provide updates regarding important company developments which may be of interest to the investor.

Only stocks wherein there are any announcements are displayed on the screen.

You can view comprehensive details of the “Fayde Ka Sauda” scheme which will enable you to arrive at a decision as regards subscribing for the scheme. You need to choose whether you wish to participate in this scheme by clicking on the option “I agree to the terms and conditions”.

The stocks are depicted in capital fonts and each stock is depicted by a colour.

Once you click on “Agree” in the terms & conditions of the scheme - SBICAP Securities Ltd has an authority to debit the amount, the customer holds in his ledger account with us.

The colours are only designed for making the stocks appear prominently on the screen and are assigned in a random manner. There is a possibility that a similar company announcement across two different scrips may be highlighted in different colours.

The client can choose to continue with the scheme by paying Rs. 500/- Per Month. The subscription period is for a month and the customer has to renew the same every month.

SBICAP Securities Limited (SSL) reserves the right to discontinue/modify/extend the schemes by giving a prior intimation to the client and the same shall be binding on the client.

No. The font size for a particular scrip is dependent upon the number of announcements. Thus, scrips having multiple announcements would be displayed in a larger font size as compared to scrips having a single announcement.

Simply click on the relevant scrip name, subsequent to which a list of announcements for that scrip will appear in a vertical fashion on the right-hand side of the screen.

- Main headline news

- Date and time of the announcement / news

- Elaborate description of the news

- Source of the news announcement

Simply click on the main headline news appearing on the right-hand side of the screen to view a complete description.

You can view details in both ways:-

- For viewing details of only particular scrips, click on the scrip name at the left hand side of the screen

- For viewing consolidated list of details across all the scrips, click on the “Refresh” option on the right hand side of the screen.

Announcements regarding individual scrips may be viewed in a single screen as the number is bound to be on the lower side. However, for a comprehensive list of announcements across all the scrips, a single window snapshot may not always be possible due to the higher number – in such a case, you can use the scroll down option highlighted in yellow at the right hand corner of the screen.

- Change of senior management

- Merger / amalgamation / takeover, etc

- Board meeting, AGM date announcement

- Declaration of corporate action such as dividend / bonus shares

- Court rulings with regard to a particular company

- Particular sector developments, etc.

News announcements are displayed both for the current day as well as for the previous days also in chronological order i.e. the latest news appears on the top of the screen. (Upto a maximum of 50 news announcements)

Based on the source, the news gets updated on a continuous basis with the latest news appearing first.

Yes. Click option has been enabled.

- Select a particular scrip and click on a particular expiry date from the drop down option. In the Options market, the expiration date is generally the last Thursday of every month.

- A tabular representation would appear under two distinct headings – “Calls” & “Puts”.

The columns are interchangeable – use drag and drop down option to arrange the columns as per your discretion. Only “Strike Price” column cannot be interchanged and is placed in the middle of the table.

Strike price column is positioned in the middle of the table and is depicted in blue colour (depicted in dark and light blue colours alternatively).

It would not be possible to view all the columns in a single window as the number of columns is on the higher side. However, you can view additional columns by using the scroll option highlighted in yellow at the bottom of the table.

No. There is no functionality provided to buy or sell from the news section.

Highlighted options are in the money.

Rajiv Gandhi Equity Savings Scheme (RGESS), is a tax saving scheme. The scheme is designed exclusively for the first time individual investors in securities market,

No. “Buy”& “Sell” options are not present under the Option Chain.

The objective of RGESS is to encourage flow of savings of the small investors in domestic capital market.

Under RGESS, a new section 80CCG has been introduced in the Income Tax Act, 1961.It offers tax benefits to 'New Retail Investors' whose gross total income is less than or equal to Rs.10 Lakhs and who wish to invest up to Rs.50,000 in 'Eligible Securities'.

 "New Retail Investor" means any resident Individual who has:

· Opened no demat account and done no transaction in the derivative segment as on the date of notification of the scheme i.e., November 23, 2012 OR

· Opened a demat account [as a 'Sole/First Holder'] but done no transaction in the equity or derivatives segment till November 23, 2012 OR

· Opened a joint demat account [not as a 'First Holder'] and done no transaction in the derivatives segment till November 23, 2012.

This section provides a snapshot of all the client details as have been updated in the Back Office records.

-Personal details (Client code, PAN, full name, DOB, gender and marital status)

-Contact details (Landline number, mobile number and e-mail id)

-Bank details (Bank name, branch, account number and MICR code)

-Additional details (Educational qualifications and occupation)

-Demat account details (DP ID and Client ID)

-Correspondence address details

Equity shares of selected companies which include:

I.  Companies falling in the list of 'CNX-100' of NSE or 'BSE-100' of BSE

Public sector enterprises categorized as Maharatna, Navratna or Miniratna by the Central Government Anytime between 3.30 p.m. to 9.00 a.m.

II. Units of Exchange Traded Funds(ETFs) and Mutual Fund (MF) schemes which are RGESS compliant

List of RGESS eligible stocks / ETFs / MF schemes is available on the website of NSE (www.nseindia.com) & BSE (www.bseindia.com)

You may invest any amount up to Rs.50,000 in eligible securities to be held in your demat account designated for RGESS for availing tax benefits.

You may invest any amount in a demat account designated under RGESS but the benefit under the Scheme can be claimed only on investment up to Rs. 50,000.

All data is sourced from your client account details updated in the Back Office as per the information furnished by you at the time of KYC account opening. 

Valuation of investments (up to Rs.50,000) for availing tax benefits under RGESS will be based on the cost of acquisition of eligible securities excluding brokerage charges, Securities Transaction Tax, stamp duty, service tax and all taxes which are appearing in the contract note issued by the stock broker.

If there has been any change in your profile details such as address, bank details and demat details post account opening, you can contact us for making the relevant modifications/updations by following these simple steps:-

- Visit the 'Download List' under the 'Downloads' option on the homepage.

- Fill the required/relevant modification form and sign the same.

- Submit the duly filled modification form to the nearest servicing branch or call our customer care numbers for further assistance.

Under RGESS, you are eligible to claim deduction of 50% on the amount invested in eligible securities from your taxable income for the financial year in which such investment is made.

Let us say, you invest Rs.50,000 under RGESS, the amount eligible for deduction from your taxable income will be Rs.25,000. Similarly, if you invest Rs.40,000 under RGESS, the amount eligible for deduction from your taxable income will be Rs.20,000.

Yes. The deduction of Rs.25,000 (provided you invest Rs.50,000 under RGESS) offered under Section 80CCG for RGESS is in addition to the deduction of Rs.1,00,000 currently available under Section 80C of Income Tax Act.

You are required to fulfill the KYC norms prescribed by SEBI by submitting proof of identity, proof of address, copy of PAN card, etc. to the DP with whom you wish to open a demat account along with a declaration in prescribed format (i.e., 'Form A') for availing RGESS benefits.

Yes, provided you are eligible as a 'new retail investor' under RGESS. To designate your existing demat account under RGESS you need to submit a declaration in prescribed format (i.e., 'Form A') to your DP. You may invest any amount in a demat account designated under RGESS but the benefit under the Scheme can be claimed only on investment up to Rs. 50,000.

Details cannot be modified online.

In case of change in address, bank details and demat details, you would be required to visit the 'Download List' under the 'Downloads' option on the home page, fill the required modification form and submit to the nearest branch or call customer care at 1800 209 9345/1800 22 33 45 for further assistance.

You can get 'Form A' from your DP.

No. You can have only one demat account under RGESS across depositories (i.e., NSDL / CDSL).

The mode of holding eligible securities under RGESS will be in a 'Demat account'.

Yes. Other securities (viz., equity shares, debentures, bonds, mutual fund units, etc.) can be held in the demat account designated for RGESS.

· Open a new demat account with any DP and designate it under RGESS or designate your existing demat account under RGESS.

· You may approach any SEBI registered stock broker for making an investment in any eligible securities from the secondary market.

· In case you are investing in mutual funds through any distributor, you need to simply provide your demat account details like Demat Account Number and DP ID for receiving a credit of the mutual fund units into the demat account.

 Investment holding period under RGESS is of three years which includes 'Fixed Lock-in' of one year and 'Flexible lock-in' of two years.

Example:

Let us say, you have purchased eligible securities worth Rs. 50,000 in a RGESS designated demat account on December 31, 2012. The eligible securities will be in 'Fixed lock-in' till December 30, 2013 and for flexible lock-in till December 30, 2015.

In case you intend to sell investment made under RGESS within three years, it can be done only after completion of 'Fixed Lock-in' period, subject to certain conditions.

'Fixed Lock-in' period shall commence from the date of purchase of first set of eligible securities in the relevant financial year and end one year from the date of purchase of the last set of eligible securities (in the same financial year).

Example:

If you have purchased first set of eligible securities worth Rs. 20,000 on December 25, 2012 and next set of eligible securities worth Rs. 20,000 on December 31, 2012 in a RGESS designated demat account, then the 'Fixed lock-in' period for both set of eligible securities will start from December 25, 2012 and will end on December 30, 2013.

The eligible securities brought into the demat account will be automatically locked-in subject to investment limit of Rs.50,000/-

However, if you do not want certain securities credited to your demat account to be considered for the RGESS, then a declaration in the prescribed format (i.e. 'Form B') should be submitted to the DP within a period of one month from the date of the transaction.

No. You are not allowed to sell, pledge or hypothecate eligible securities during 'Fixed Lock-in' period.

No.

The period of two years beginning immediately after the end of the fixed lock-in period shall be called the 'Flexible Lock-in' period.

During 'Flexible lock-in' period, you can sell eligible securities held in your demat account, subject to certain conditions which are as follows:

Conditions:

A) In case you sell eligible securities during 'Flexible lock-in' period and value of investment portfolio held under RGESS within 'Flexible lock-in' period remain equal to or higher than the amount claimed as investment for the purpose of deduction under section 80CCG of IT Act, for a cumulative period of a minimum of two hundred and seventy days during each of the two years of the flexible lock-in period

In short - You can sell the shares provided the value of holding remains the same as the amount invested in year 1 on which you've claimed the tax benefit

Example - If you've invested Rs 30,000 in year 1, and if the value appreciates to Rs 50,000, you may sell up to Rs 20,000 in year 2

OR

B) In case value of investment portfolio held under RGESS within 'Flexible lock-in' period fall due to fall in the market rate of eligible securities and you sell eligible securities during 'Flexible lock-in' period, then value of investment portfolio under RGESS for a cumulative period of a minimum of two hundred and seventy days during each of the two years of the flexible lock-in period should be equal to or higher than:

i) The amount claimed as investment for the purpose of deduction under section 80CCG of the IT Act

OR

ii) The value of investment portfolio held under RGESS before such sell whichever is lower.

Example:

If you invested Rs. 40,000 in year 1, and if the value falls to Rs 30,000 in year 2 and you sell securities worth Rs. 20,000, then you need to maintain the minimum shares worth Rs. 30,000 in year 2 for a period of 270 days cumulatively.

 Your demat account designated for RGESS will be converted into a regular or ordinary demat account at the end of the flexible lock-in period.

The deduction availed under the scheme will be added back to your taxable income for the financial year in which you have failed to comply with any condition specified under RGESS and you shall be liable to tax as per the provisions of the Income Tax Act, 1961.

Yes. Besides the 2 main benchmark indices, you can select across a whole wide range of other indices also which are generally tracked. E.g.  Bank Nifty, BSE100, etc. Upon selecting the relevant benchmark index, a rectangular grid-type representation of the relevant scrips appears on the screen.

Heat Map employs only 2 colours – Green & Red.

• -Red indicates a negative change in scrip price, -Green indicates a positive change in scrip price.
• -It is to be noted that there are various shades of the two colours:-
• -Darker shades of red appear as the % change increases on the downside,
• -Darker shades of green appear as the % change increases on the upside.

Yes. Upon clicking on a particular scrip, the details for that scrip get displayed below the heat map.

The scrip details can be viewed immediately below the heat map.

- Name of the scrip appears in bold fonts.

- Details which can be obtained are: - last traded price, previous closing price, % change, volume and turnover.

No. You can click on only one scrip at a time. Subsequently, details regarding only one scrip can be viewed at a time.

-3.0% or less (highest change on the downside) (shown in darkest red)

-2.0% or -2.99% (moderate change on the downside) (shown in moderately dark red)

-0.01% or -1.99% (least change on the downside) (shown in light red)

-0% (no change) (shown in grey)

+0.01% or +1.99% (least change on the upside) (shown in light green)

+2.0% or +2.99% (moderate change on the upside) (shown in moderately dark green)

+ 3.0% or more (highest change on the upside) (shown in darkest green)

Yes. Click on the name of any of the scrip to view further details.

No. For placing an order, you would be required to go to “Options” panel only.

- Action

- Contract

- LTP

- Quantity

 (The columns are interchangeable by using drag and drop facility and can be assigned as per your discretion)

It is achieved by selling call options at a specific strike price while also buying the same number of calls, but at a higher strike price. This is a type of options strategy used when a decline in the price of the underlying asset is expected.  

Max Profit = Net Premium Received - Commissions Paid

Max Profit Achieved When Price of Underlying <= Strike Price of Short Call

Max Loss = Strike Price of Long Call - Strike Price of Short Call - Net Premium Received + Commissions Paid

Max Loss Occurs When Price of Underlying >= Strike Price of Long Call

Breakeven Point = Strike Price of Short Call + Net Premium Received

Summary: -

Example:

Mr. XYZ is bearish on Nifty. He sells an ITM call option with strike price of Rs. 2600 at a premium of Rs. 154 and buys an OTM call option with strike price Rs. 2800 at a premium of Rs. 49.

Strategy: Sell a Call with a lower strike (ITM) + Buy a Call with a higher strike (OTM)

Nifty index Current Value 2694

Sell ITM Call Option Strike Price (Rs.) 2600

Mr. XYZ receives Premium (Rs.) 154

Buy OTM Call Option Strike Price (Rs.) 2800

Mr. XYZ pays Premium (Rs.) 49 Net premium received (Rs.) 105

Break Even Point (Rs.) 2705.

Bear Put Spread is achieved by purchasing put options at a specific strike price while also selling the same number of puts at a lower strike price. This is a type of options strategy used when an option trader expects a decline in the price of the underlying asset.

Maximum Profit: High strike - low strike - net premium paid

Maximum Loss: Net premium paid

Breakeven = long put strike - net debit paid

Summary:-

Example:

Nifty is presently at 2694. Mr. XYZ expects Nifty to fall. He buys one Nifty ITM Put with a strike price Rs. 2800 at a premium of Rs. 132 and sells one Nifty OTM Put with strike price Rs. 2600 at a premium Rs. 52.

Strategy: BUY A PUT with a higher strike (ITM) + SELL A PUT with a lower strike (OTM)

Nifty index Current Value 2694

Buy ITM Put Option Strike Price (Rs.) 2800

Mr. XYZ pays Premium (Rs.) 132

Sell OTM Put Option Strike Price (Rs.) 2600

Mr. XYZ receives Premium (Rs.) 52 Net Premium Paid (Rs.) 80

Break Even Point (Rs.) 2720.

An options strategy that involves purchasing call options at a specific strike price while also selling the same number of calls of the same asset and expiration date but at a higher strike. A bull call spread is used when a moderate rise in the price of the underlying asset is expected.

Max Profit = Strike Price of Short Call - Strike Price of Long Call - Net Premium Paid - Commissions Paid

Max Profit Achieved When Price of Underlying >= Strike Price of Short Call

Max Loss = Net Premium Paid + Commissions Paid

Max Loss Occurs When Price of Underlying <= Strike Price of Long Call

Breakeven Point = Strike Price of Long Call + Net Premium Paid

Summary:-

Example:

Mr. XYZ buys a Nifty Call with a Strike price Rs. 4100 at a premium of Rs. 170.45 and he sells a Nifty Call option with a strike price Rs. 4400 at a premium of Rs. 35.40. The net debit here is Rs. 135.05 which is also his maximum loss.

Strategy: Buy a Call with a lower strike (ITM) + Sell a Call with a higher strike (OTM)

Nifty index Current Value 4191.10

Buy ITM Call Option Strike Price (Rs.) 4100

Mr. XYZ Pays Premium (Rs.) 170.45

Sell OTM Call Option Strike Price (Rs.) 4400

Mr. XYZ Receives Premium (Rs.) 35.40 Net Premium Paid (Rs.) 135.05

Break Even Point (Rs.) 4235.05

This strategy is constructed by purchasing one put option while simultaneously selling another put option with a higher strike price. This is a type of options strategy that is used when the investor expects a moderate rise in the price of the underlying asset. The goal of this strategy is realized when the price of the underlying stays above the higher strike price, which causes the short option to expire worthless, resulting in the trader keeping the premium. 

Ø  Max Profit = Net Premium Received - Commissions Paid

Ø  Max Profit Achieved When Price of Underlying >= Strike Price of Short Put

Ø  Max Loss = Strike Price of Short Put - Strike Price of Long Put Net Premium Received + Commissions Paid

Ø  Max Loss Occurs When Price of Underlying <= Strike Price of Long Put

Ø  Breakeven Point = Strike Price of Short Put - Net Premium Received

Summary:-

Example:-

Mr. XYZ sells a Nifty Put option with a strike price of Rs. 4000 at a premium of Rs. 21.45 and buys a further OTM Nifty Put option with a strike price Rs. 3800 at a premium of Rs. 3.00 when the current Nifty is at 4191.10, with both options expiring on 31st July.

Strategy: Sell a Put + Buy a Put Nifty Index Current Value 4191.10 Sell Put Option Strike Price (Rs.) 4000

Mr. XYZ Receives Premium (Rs.) 21.45

Buy Put Option Strike Price (Rs.) 3800

Mr. XYZ Pays Premium (Rs.) 3.00 Net Premium Received (Rs.) 18.45

Break Even Point (Rs.) 3981.55

Short one front month call option and long one far month call option. (i.e. the option you sell is to be closer to expiration than the option you are buying).

Maximum Loss: - Limited on both down and upside for market direction.

Maximum Gain: - Limited.

When to use: - When you are bearish on volatility and neutral to bearish on market price.Traders use time spreads to take advantage of time decay - the property of options being a decaying asset. However, due to the risk involved in selling naked options, a time spread protects the position by buying an option in the next month.

The long back month option position can help to partially offset large losses that can result from being short options when the underlying market moves unfavorably. It is best to implement a time spread when there are < 30 days to expiration in the front month. That is for the short side i.e. selling an option with 30 days or less to expiration.

A collar is an options trading strategy that is constructed by holding shares of the underlying stock while simultaneously buying protective puts and selling call options against that holding. The puts and the calls are both out-of-the-money options having the same expiration month and must be equal in a number of contracts.

Technically, the collar strategy is the equivalent of an out-of-the-money covered call strategy with the purchase of an additional protective put.

The collar is a good strategy to use if the options trader is writing covered calls to earn premiums but wish to protect himself from an unexpectedly sharp drop in the price of the underlying security.

Limited Profit Potential:-

The formula for calculating maximum profit is given below:

Max Profit = Strike Price of Short Call - Purchase Price of Underlying + Net Premium Received - Commissions Paid

Max Profit Achieved When Price of Underlying >= Strike Price of Short Call

Limited Risk:-

The formula for calculating maximum loss is given below:

Max Loss = Purchase Price of Underlying - Strike Price of Long Put - Net Premium Received + Commissions Paid

Max Loss Occurs When Price of Underlying <= Strike Price of Long Put

Break-even Point(s):-

The underlying price at which break-even is achieved for the collar strategy position can be calculated using the following formula.

Breakeven Point = Purchase Price of Underlying + Net Premium Paid

Example:-

Suppose an investor Mr. A buys or is holding ABC Ltd. currently trading at Rs. 4758. He decides to establish a collar by writing a call of strike price Rs. 5000 for Rs. 39 while simultaneously purchasing a Rs. 4700 strike price Put for Rs. 27. Since he pays Rs. 4758 for the stock ABC Ltd., another Rs. 27 for the Put but receives Rs. 39 for selling the Call option, his total investment is Rs. 4746.

Strategy: Buy Stock + Buy Put + Sell Call ABC Ltd. Current Market Price (Rs.) 4758 Sell Call Option Strike Price (Rs.) 5000

Mr. A Receives Premium (Rs.) 39

Buy Put Option Strike Price (Rs.) 4700 Mr.

A Pays Premium (Rs.) 27

Net Premium Received (Rs.) 12

Break Even Point (Rs.) 4746

An investor who buys or owns stock and writes call options in the equivalent amount can earn premium income without taking on additional risk. The premium received adds to the investor's bottom line regardless of the outcome. It offers a small downside 'cushion' in the event the stock slides downward and can boost returns on the upside.

Predictably, this benefit comes at a cost. For as long as the short call position is open, the investor forfeits much of the stock's profit potential. If the stock price rallies above the call's strike price, the stock is increasingly likely to be called away. Since the possibility of the assignment is central to this strategy, it makes more sense for investors who view assignment as a positive outcome.

The covered call writer is looking for a steady or slightly rising stock price for at least the term of the option. This strategy is not appropriate for a very bearish or a very bullish investor.

This strategy consists of writing a call that is covered by an equivalent long stock position. It provides a small hedge on the stock and allows an investor to earn premium income, in return for temporarily forfeiting much of the stock's upside potential.

The primary motive is to earn premium income, which has the effect of boosting overall returns on the stock and providing a measure of downside protection.

Maximum Loss: - The maximum loss is limited but substantial. The worst that can happen is for the stock to become worthless.  In that case, the investor will have lost the entire value of the stock. However, that loss will be reduced somewhat by the premium income from selling the call option. It is also worth noting that the risk of losing the stock's entire value is inherent in any form of stock ownership. In fact, the premium received leaves the covered call writer slightly better off than other stock owners.

Maximum Gain: - The maximum gains on the strategy are limited.

The total net gains depend in part on the call's intrinsic value when sold and on prior unrealized stock gains or losses. 

The maximum gains at expiration are limited by the strike price. If the stock is at the strike price, the covered call strategy itself reaches its peak profitability, and would not do better no matter how much higher the stock price might be.  The strategy's net profit would be the premium received, plus any stock gains (or minus stock losses) as measured against the strike price.  

That maximum is very desirable to investors who were happy to liquidate at the strike price, whereas it could seem suboptimal to investors who were assigned but would rather still be holding the stock and participating in future gains. The prime motive determines whether the investor would consider post-assignment stock gains as irrelevant or as a lost economic opportunity.

Break-even: an- Whether this strategy results in a profit or loss is largely determined by the purchase price of the stock, which may have occurred well in the past at a different price.  Assume the stock and option positions were acquired simultaneously. If at expiration the position is still open and the investor wants to sell the stock, the strategy loses money only if the stock price has fallen by more than the amount of the call premium.

Breakeven = starting stock price – premium received

Mr. A bought XYZ Ltd. for Rs 3850 and simultaneously sells a Call option at a strike price of Rs 4000. Which means Mr. A does not think that the price of XYZ Ltd. will rise above Rs. 4000. However, in case it rises above Rs. 4000, Mr. A does not mind getting exercised at that price and exiting the stock at Rs. 4000 (TARGET SELL PRICE = 3.90% return on the stock purchase price). Mr. A receives a premium of Rs 80 for selling the Call. Thus net outflow to Mr. A is (Rs. 3850 – Rs. 80) = Rs. 3770. He reduces the cost of buying the stock by this strategy. If the stock price stays at or below Rs. 4000, the Call option will not get exercised and Mr. A can retain the Rs. 80 premium, which is an extra income. If the stock price goes above Rs 4000, the Call option will get exercised by the Call buyer.

The entire position will work like this: Strategy: Buy Stock + Sell Call Option

Mr. A buys the stock XYZ Ltd. Market Price (Rs.) 3850

Call Options Strike Price (Rs.) 4000

Mr. A receives Premium (Rs.) 80

Break Even Point (Rs.) (Stock Price paid - Premium Received) 3770

Writing covered puts is a bearish options trading strategy involving the writing of put options while shorting the obligated shares of the underlying stock.

Profit for the covered put option strategy is limited and maximum gain is equal to the premiums received for the options sold.

The formula for calculating maximum profit is given below:

Max Profit = Premium Received - Commissions Paid

Max Profit Achieved When Price of Underlying <= Strike Price of Short Put

As the writer is short on the stock, he is subjected to much risk if the price of the underlying stock rises dramatically. In theory, maximum loss for the covered put options strategy is unlimited since there is no limit to how high the stock price can be at expiration. If applicable, the covered put writer will also have to payout any dividends.

The formula for calculating loss is given below:

Maximum Loss = Unlimited

Loss Occurs When Price of Underlying >= Sale Price of Underlying + Premium Received

Loss = Price of Underlying - Sale Price of Underlying - Premium Received + Commissions Paid

The underlying price at which break-even is achieved for the covered put position can be calculated using the following formula.

Breakeven Point = Sale Price of Underlying + Premium Received

Example:-

Suppose ABC Ltd. is trading at Rs 4500 in June. An investor, Mr. A, shorts Rs 4300 Put by selling a July Put for Rs. 24 while shorting an ABC Ltd. stock. The net credit received by Mr. A is Rs. 4500 + Rs. 24 = Rs. 4524.

Strategy: Short Stock + Short Put Option Sells Stock

(Mr. A receives) Current Market Price (Rs.) 4500

Sells Put Strike Price (Rs.) 4300

Mr. A receives Premium (Rs.) 24

Break Even Point (Rs.) (Sale price of Stock + Put Premium) 4524

The box spread, or long box, is a common arbitrage strategy that involves buying a bull call spread together with the corresponding bear put spread, with both vertical spreads having the same strike prices and expiration dates. The long box is used when the spreads are underpriced in relation to their expiration values.

Essentially, the arbitrage is simply buying and selling equivalent spreads and as long as the price paid for the box is significantly below the combined expiration value of the spreads, a riskless profit can be locked in immediately. 

Expiration Value of Box = Higher Strike Price - Lower Strike Price

Risk-free Profit = Expiration Value of Box - Net Premium Paid

       Short two ATM call options, long one ITM call option and long one OTM call option.

       Maximum Loss: Limited to the net premium paid for the spread.

       Maximum Gain: Limited to the ATM strike less the ITM strike less the net premium paid for the spread.

       When to use: When you are neutral on market direction and bearish on volatility.

A long butterfly is similar to a short straddle except your losses are limited. This means that you make money when the market remains flat over the life of the options.

You might be thinking that it looks like a "short" strategy because of the similarity to the short straddle. You are right in thinking that they have similar characteristics, however, the difference between a Long Butterfly and a Short Straddle is the premium - a Long Butterfly will cost you money (or premium) to establish whereas a Short Straddle won't cost you anything as you receive money (premium) up front for putting on the position.

Example:

Nifty is at 3200. Mr. XYZ expects very little movement in Nifty. He sells 2 ATM Nifty Call Options with a strike price of Rs. 3200 at a premium of Rs. 97.90 each, buys 1 ITM Nifty Call Option with a strike price of Rs. 3100 at a premium of Rs. 141.55 and buys 1 OTM Nifty Call Option with a strike price of Rs. 3300 at a premium of Rs. 64. The Net debit is Rs. 9.75.

Strategy: SELL 2 ATM CALL, BUY 1 ITM CALL OPTION AND BUY 1 OTM CALL OPTION

Nifty index Current Value 3200

Sell 2 ATM Call Option Strike Price (Rs.) 3200

Mr. XYZ receives Premium (Rs.) 195.80

Buy 1 ITM Call Option Strike Price (Rs.) 3100

Mr. XYZ pays Premium (Rs.) 141.55

Buy 1 OTM Call Option Strike Price (Rs.) 3300

Mr. XYZ pays Premium (Rs.) 64

Break Even Point (Rs.) 3290.25 Break Even Point (Lower) (Rs.) 3109.75

A long ratio call spread combines one short call and long two calls of the same expiration but with a higher strike. This strategy is essentially a bear call spread and a long call, where the strike of the long call is equal to the upper strike of the bear call spread.

Outlook: - Looking for either a sharp move higher in the underlying stock or a sharp move higher in implied volatility during the life of the options.

The initial cost to initiate this strategy is rather low, and may even earn a credit, but the upside potential is unlimited. The basic concept is for the total Delta of the two long calls to roughly equal the Delta of the single short call.

If the underlying stock only moves a little, the change in the value of the option position will be limited. But if the stock rises enough to where the total Delta of the two long calls approaches 200, the strategy acts like a long stock position.

The strategy hopes to profit from a sharp upward move in the stock price for a little initial cost.

Max Loss: - At expiration, the maximum loss would occur should the underlying stock be at the upper strike price. In this case, the two long calls would expire worthless and the short call would be in-the-money. The loss would be the in-the-money amount, which is the difference between the strike prices, plus the debit paid (or minus the credit earned) when the position was initiated.

Max Gain: - The maximum gain would occur should the underlying stock go to infinity. If the strategy is analyzed as a bear call spread and a long call combined, then when all the options go deep in-the-money, the bear call spread has a negative value equal to the difference between the strikes, and the long call has a positive value equal to the difference between the stock's price and the upper strike price. Since there is no limit to the stock's upside potential, the option strategy's potential gain is also unlimited.

Profit/Loss: - This strategy has an unlimited profit potential, but the potential loss is limited.  Probably the easiest way to analyze the strategy is to divide it into two sub-positions: a bear call spread and a long call. If the stock rise sharply and all the options go deep in-the-money, the bear call spread has a negative value equal to the difference between the strikes and the long call has a positive value equal to the difference between the stock's price and the upper strike price. Since there is no limit to the stock's upside potential, the strategy's potential gain is also unlimited.

The worst case scenario is when the stock goes right to the upper strike but no further at expiration.

Break-even:- Consider the strategy at expiration across a range of prices for the underlying stock: below the lower strike both options are worthless; as the stock moves above the lower strike the short call goes in-the-money and creates a loss; as the stock moves above the upper strike the long calls go into-the-money and start to offset the loss; when the stock is above the upper strike by the difference between the strikes the loss has been offset. To break even from there, the stock needs to go still higher by the amount of the debit (or lower by the amount of credit) to reach a complete breakeven. Finally, note that if there is a credit position there will be a second breakeven level equal to the lower strike plus the credit.

The long call option strategy is the most basic option trading strategy whereby the options trader buys call options with the belief that the price of the underlying security will rise significantly beyond the strike price before the option expiration date. Compared to buying the underlying shares outright, the call option buyer is able to gain leverage since the lower priced calls appreciate in value faster percentage wise for every point rise in the price of the underlying stock.

However, call options have a limited lifespan. If the underlying stock price does not move above the strike price before the option expiration date, the call option will expire worthless. 

Ø  Maximum Profit = Unlimited

Ø  Profit Achieved When Price of Underlying >= Strike Price of Long Call + Premium Paid

Ø  Profit = Price of Underlying - Strike Price of Long Call - Premium Paid

Ø  Max Loss = Premium Paid + Commissions Paid

Ø  Max Loss Occurs When Price of Underlying <= Strike Price of Long Call.

Ø  Breakeven Point = Strike Price of Long Call + Premium Paid 

Summary:- 

Example:

Mr. XYZ is bullish on Nifty on 24th June, when the Nifty is at 4191.10. He buys a call option with a strike price of Rs. 4600 at a premium of Rs. 36.35, expiring on 31st July. If the Nifty goes above 4636.35, Mr. XYZ will make a net profit (after deducting the premium) on exercising the option. In case the Nifty stays at or falls below 4600, he can forego the option (it will expire worthless) with a maximum loss of the premium.

Strategy: Buy Call Option Current Nifty index 4191.10 Call Option Strike Price (Rs.) 4600

Mr. XYZ Pays Premium (Rs.) 36.35

Break Even Point (Rs.) (Strike Price + Premium) 4636.35

Long Combo Option trading strategy is implemented when a trader is bullish in nature and expects the stock price to rise in the near future. Here a trader will sell one 'Out of the Money' Put Option and buy one 'Out of the Money' Call Option.

Buying the call gives you the right to buy the stock at strike price A. Selling the put obligates you to buy the stock at strike price If the option is assigned. This strategy is often referred to as “synthetic long stock” because the risk/reward profile is nearly identical to long stock. Furthermore, if you remain in this position until expiration, you will probably wind up buying the stock at strike A one way or the other. If the stock is above strike A at expiration, it would make sense to exercise the call and buy the stock. If the stock is below strike A at expiration, you’ll most likely be assigned on the put and be required to buy the stock.

Since you’ll have the same risk/reward profile as long stock at expiration, you might be wondering, “Why would I want to run a combination instead of buying the stock?” The answer is leverage. You can achieve the same end without the up-front cost to buy the stock. At the initiation of the strategy, you will have some additional margin requirements in your account because of the short put, and you can also expect to pay a net debit to establish your position. But those costs will be fairly small relative to the price of the stock.

Most people who run a combination don’t intend to remain in the position until expiration, so they won’t wind up buying the stock. They’re simply doing it for the leverage.

Example:-

A stock ABC Ltd. is trading at Rs. 450. Mr. XYZ is bullish on the stock. But does not want to invest Rs. 450. He does a Long Combo. He sells a Put option with a strike price Rs. 400 at a premium of Rs. 1.00 and buys a Call Option with a strike price of Rs. 500 at a premium of Rs. 2. The net cost of the strategy (net debit) is Re. 1.

Strategy: Sell a Put + Buy a Call ABC Ltd. Current Market Price (Rs.) 450 Sells Put Strike Price (Rs.) 400

Mr. XYZ receives Premium (Rs.) 1.00

Buys Call Strike Price (Rs.) 500

Mr. XYZ pays Premium (Rs.) 2.00 Net Debit (Rs.) 1.00

Break Even Point (Rs.) (Higher Strike + Net Debit) Rs. 501

The long put option strategy is a basic strategy in options trading where the investor buys put options with the belief that the price of the underlying security will go significantly below the striking price before the expiration date.

Ø  Maximum Profit = Unlimited

Ø  Profit Achieved When Price of Underlying = 0

Ø  Profit = Strike Price of Long Put - Premium Paid

Ø  Max Loss = Premium Paid + Commissions Paid

Ø  Max Loss Occurs When Price of Underlying >= Strike Price of Long Put.

Ø  Breakeven Point = Strike Price of Long Put - Premium Paid

Summary:- 

Example:-

Mr. XYZ is bearish on Nifty on 24th June, when the Nifty is at 2694. He buys a Put option with a strike price Rs. 2600 at a premium of Rs. 52, expiring on 31st July. If the Nifty goes below 2548, Mr. XYZ will make a profit on exercising the option. In case the Nifty rises above 2600, he can forego the option (it will expire worthless) with a maximum loss of the premium.

Strategy : Buy Put Option Current Nifty index 2694 Put Option Strike Price (Rs.) 2600

Mr. XYZ Pays Premium (Rs.) 52

Break Even Point (Rs.) (Strike Price - Premium) 2548

Sell two ATM put options, buy one ITM put option and buy one OTM put option.

Maximum Loss: Limited to the ATM strike less the ITM strike less the net premium paid for the spread.

Maximum Gain: Limited to the net premium received from the spread.

When to use: When you are neutral on market direction and bearish on volatility.

This strategy is the same as the Long Call Butterfly except we use put options instead of call options.

A Long Put Butterfly is used with similar intentions to the Short Straddle - except your losses are limited if the market moves out of your favor. Whereas a Short Straddle has unlimited losses if the market moves.

The long straddle, also known as buy straddle or simply "straddle", is a neutral strategy in options trading that involve the simultaneously buying a put and a call of the same underlying stock, strike price and expiration date.

Long straddle options are unlimited profit, limited risk options trading strategies that are used when the options trader thinks that the underlying securities will experience significant volatility in the near term.

By having long positions in both call and put options, straddles can achieve large profits no matter which way the underlying stock price heads, provided the move is strong enough.

The formula for calculating profit is given below:

Maximum Profit = Unlimited

Profit Achieved When Price of Underlying > Strike Price of Long Call + Net Premium Paid OR Price of Underlying < Strike Price of Long Put - Net Premium Paid

Profit = Price of Underlying - Strike Price of Long Call - Net Premium Paid OR Strike Price of Long Put - Price of Underlying - Net Premium Paid

Maximum loss for long straddles occurs when the underlying stock price on expiration date is trading at the strike price of the options bought. At this price, both options expire worthless and the options trader loses the entire initial debit taken to enter the trade.

The formula for calculating maximum loss is given below:

Max Loss = Net Premium Paid + Commissions Paid

Max Loss Occurs When Price of Underlying = Strike Price of Long Call/Put

There are 2 break-even points for the long straddle position. The breakeven points can be calculated using the following formulae.

Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid

Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid

Example:-

Suppose Nifty is at 4450 on 27^th April. An investor, Mr. A enters a long straddle by buying a May Rs 4500 Nifty Put for Rs. 85 and a May Rs. 4500 Nifty Call for Rs. 122. The net debit taken to enter the trade is Rs 207, which is also his maximum possible loss.

Strategy : Buy Put + Buy Call Nifty index Current Value 4450 Call and Put Strike Price (Rs.) 4500

Mr. A pays Total Premium (Call + Put) (Rs.) 207

Break Even Point (Rs.) 4707(U) (Rs.) 4293(L)

A great way to hedge downside risk in equities or to speculate on a major market decline is to buy deep out-of-the-money put time spreads, a simple but very powerful trading strategy that gets you long volatility and short delta without too much risk. This article discusses the setup for the trade, the option strategy and the projected profit/loss scenarios given different assumptions about changes in implied volatility and movement of the underlying.

This bearish strategy is simple to implement. It is actually a calendar spread (also known as a time spread), but instead of its usual placing at the money, it is placed deep out of the money. At-the-money time spreads are usually placed when the trader expects sideways movement of the underlying. Since it is a put time spread, it will be placed well below the market price, assuming we have a bearish outlook of course.

Deep out-of-the-money put spreads require low volatility and potential for big downside moves to be profitable. The risk is limited to the initial debit so there is no need to make panic-driven decisions during the life of the trade. By selling a short-dated deep out-of-the-money put option and buying a long-dated option at the same strike, we are long the time spread, and the account is debited to enter the strategy. An explosive move lower at any time before September expiration (third Friday of the month) will likely produce a profit. If you want to protect an equity position or speculate on another bear market decline, this might be your best approach in terms of risk/reward.
 

An option trading strategy that combines short puts and long puts to create a position whose profit and loss potential depends on the ratio of these puts. A put ratio back spread is so called because it seeks to profit from the volatility of the underlying stock, and combines short and long puts in a certain ratio at the discretion of the option investor. It is constructed to have unlimited potential profit with limited loss, or limited potential profit with the prospect of unlimited loss, depending on how it is structured. The ratio of long to short puts is typically 2:1, 3:2 or 3:1.

The short box is an arbitrage strategy that involves selling a bull call spread together with the corresponding bear put spread with the same strike prices and expiration dates. The short box is a strategy that is used when the spreads are overpriced with respect to their combined expiration value.

Limited Risk-free Profit:-

Basically, with the short box, the arbitrager is just buying and selling equivalent spreads and as long as the net premium obtained for the selling the two spreads is significantly higher than the combined expiration value of the spreads, a risk-free profit can be captured upon entering the trade. 

Expiration Value of Box = Higher Strike Price - Lower Strike Price

Risk-free Profit = Net Premium Received - Expiration Value of Box

The short box strategy is profitable when the component spreads are overpriced. 

Long two ATM call options, short one ITM call option and short one OTM call option.

Maximum Loss: Limited to the net difference between the ATM strike less the ITM strike less the premium received for the position.

Maximum Gain: Limited to the net premium received for the option spread.

When to use: When you are neutral on market direction and bullish on volatility. Neutral on market direction meaning that you want the market to move in either direction - i.e. bullish and bearish at the same time.

Short Call Butterfly has a similar pay off to the Long Straddle in that the downside risk is limited. A Short Butterfly's risk is limited to the premium paid for the three options.

Example: - Nifty is at 3200. Mr. XYZ expects large volatility in the Nifty irrespective of which direction the movement is, upwards or downwards. Mr. XYZ buys 2 ATM Nifty Call Options with a strike price of Rs. 3200 at a premium of Rs. 97.90 each, sells 1 ITM Nifty Call Option with a strike price of Rs. 3100 at a premium of Rs. 141.55 and sells 1 OTM Nifty Call Option with a strike price of Rs. 3300 at a premium of Rs. 64. The Net Credit is Rs. 9.75.

Strategy: BUY 2 ATM CALL OPTIONS, SELL 1 ITM CALL OPTION AND SELL 1 OTM CALL OPTION.

Nifty index Current Market Price 3200

Buy 2 ATM Call Option Strike Price (Rs.) 3200

Mr. XYZ pays Premium (Rs.) 195.80

Sells 1 ITM Call Option Strike Price (Rs.) 3100

Mr. XYZ receives Premium (Rs.) 141.55

Sells 1 OTM Call Option Strike Price (Rs.) 3300

Mr. XYZ receives Premium (Rs.) 64

Break Even Point (Upper) (Rs.) 3290.25 Break Even Point (Lower) (Rs.) 3109.75

Short Call Condor is one of the volatility strategies employed in a highly volatile stock. It is usually a four-legged spread option strategy consisting of all calls with the same expiration date but different strike prices. It is similar to a Short Call Butterfly strategy except that a condor has two middle strike prices instead of one. Typically, the distance between each strike prices is same for this strategy.

With this stock option trading strategy, your outlook is directional neutral. 
You are expecting an increase in volatility of the underlying stock moving in either direction.

Maximum Risk is Limited to the different in adjacent strikes less net premium collected when the stock is between the two middle strike prices (at expiration).

Maximum Reward is Limited to the net premium collected when the underlying stock trades outside the range of strike prices at expiration date.

Breakeven:-

Upside Breakeven = Highest Strike less Net Premium Collected

Downside Breakeven = Lowest Strike add Net Premium Collected.

Net Position:-

This is typically a net credit trade as you are collecting more premium from the call options sold.

Example:

Nifty is at 3600. Mr. XYZ expects high volatility in the Nifty and expects the market to break open significantly on any side. Mr. XYZ sells 1 ITM Nifty Call Options with a strike price of Rs. 3400 at a premium of Rs. 41.25, buys 1 ITM Nifty Call Option with a strike price of Rs. 3500 at a premium of Rs. 26, buys 1 OTM Nifty Call Option with a strike price of Rs. 3700 at a premium of Rs. 9.80 and sells 1 OTM Nifty Call Option with a strike price of Rs. 3800 at a premium of Rs. 6.00. The Net credit is of Rs. 11.45.

Strategy: Short 1 ITM Call Option (Lower strike), Long 1 ITM Call Option (Lower Middle), Long 1 OTM Call Option (Higher Middle), Short 1 OTM Call Option (Higher Strike)

Nifty index Current Value 3600

Sell 1 ITM Call Option Strike Price (Rs.) 3400; Premium (Rs.) 41.25

Buy 1 ITM Call Option Strike Price (Rs.) 3500; Premium (Rs.) 26.00

Buy 1 OTM Call Option Strike Price (Rs.) 3700; Premium (Rs.) 9.80

Sell 1 OTM Call Option Strike Price (Rs.) 3800; Premium (Rs.) 6.00

Break Even Point (Upper) (Rs.) 3788.55 Break Even Point (Lower) (Rs.) 3411.45

There are 2 options as elaborated below:-

Select the relevant benchmark index from the drop-down option, subsequent to which a graphical snapshot would be presented across different dates/months which will enable you to understand the general trend in that particular index. % change can also be viewed. You could choose to see the monthly, quarterly or yearly graphs based on the EOD values of that particular index.

• There are 2 options as elaborated below:-

• Select the relevant benchmark index from the drop-down option, subsequent to which a graphical snapshot would be presented across different dates/months which will enable you to understand the general trend in that particular index. % change can also be viewed. You could choose to see the monthly, quarterly or yearly graphs based on the EOD values of that particular index.

Use left and right scroll options to view the benchmark index of your choice. Any change compared to previous closing levels is represented on the index ticker whether in red (which means a decline) or in green (which means a rise)

Use “Select Indices” icon to view a comprehensive list of the benchmark indices under a single window, subsequent to which you can select the index of your choice.

Nifty 50 index is National Stock Exchange of India's benchmark stock market index for the Indian equity market and is composed of 51 of the largest and most actively-traded stocks on the NSE. E.g. Axis Bank, Bajaj Auto, HDFC Bank, Infosys, Wipro, etc. It is one of the 2 most prominent market indices that function within the Indian stock market (with SENSEX being the other one).

If the Nifty goes up /down, it means that most of the 51 stocks of NIFTY went up /down during the given period. It reflects the overall market sentiments and is closely followed by the investors and market experts not only in India but across the world.

Sensex is an abbreviation of the Bombay Stock Exchange Sensitive Index (Sensex) - the benchmark index of the Bombay Stock Exchange (BSE). It is composed of 30 of the largest and most actively-traded stocks on the BSE. E.g. TCS, HDFC Bank, Reliance Industries, ITC, etc. It is one of the 2 most prominent market indices that function within the Indian stock market (with NIFTY being the other one). Just like the NIFTY, it reflects the overall market sentiments.

If the Sensex goes up /down, it means that most of the 30 stocks of SENSEX went up /down during the given period. It reflects the overall market sentiments and is closely followed by the investors and market experts not only in India but across the world.

A short call is simply the sale of one call option. Selling options is also known as "writing" an option.

Maximum Loss: Unlimited as the market rises.

Maximum Gain: Limited to the premium received for selling the option.

When to use: When you are bearish on market direction and also bearish on market volatility.

A short is also known as a Naked Call. Naked calls are considered very risky positions because your risk is unlimited.

Example:

Mr. XYZ is bearish about Nifty and expects it to fall. He sells a Call option with a strike price of Rs. 2600 at a premium of Rs. 154, when the current Nifty is at 2694. If the Nifty stays at 2600 or below, the Call option will not be exercised by the buyer of the Call and Mr. XYZ can retain the entire premium of Rs. 154.

Strategy: Sell Call Option Current Nifty index 2694 Call Option Strike Price (Rs.) 2600

Mr. XYZ receives Premium (Rs.) 154

Break Even Point (Rs.) (Strike Price + Premium)* 2754

The S&P BSE Bankex index comprises constituents of the S&P BSE 500 that are classified as members of the banking sector as defined by the BSE industry classification system. E.g. ICICI Bank, Axis Bank, etc.

It reflects the overall sentiment in the banking sector and is widely followed by investors, markets experts and portfolio managers, among others.

If the BANKEX goes up /down, it means that most of the stocks of the BANKEX went up /down during the given period. 

Bank Nifty represents the 12 most liquid and large capitalized stocks from the banking sector which trade on the National Stock Exchange (NSE). It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banking sector. E.g. Bank Of Baroda, Bank Of India, etc.

 It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banking sector.

If the BANK NIFTY goes up /down, it means that most of the stocks of the BANK NIFTY went up /down during the given period.

The short / covered combination, also known as the covered strangle, is a limited profit, unlimited risk strategy in options trading that involves selling an equal number of out-of-the-money calls and puts of the same underlying security, strike price and expiration date while owning the underlying stock.

Buying the put gives you the right to sell the stock at strike price A. Selling the call obligates you to sell the stock at strike price A if the option is assigned. This strategy is often referred to as “synthetic short stock” because the risk/reward profile is nearly identical to short stock.

If you remain in this position until expiration, you are probably going to wind up selling the stock one way or the other. If the stock price is above strike A, the call will be assigned, resulting in a short sale of the stock. If the stock is below strike A, it would make sense to exercise your put and sell the stock. However, most investors who run this strategy don’t plan to stay in their position until expiration.

At initiation of the strategy, you will most likely receive a net credit, but you will have some additional margin requirements in your account because of the short call. However, those costs will be fairly small relative to the margin requirement for short stock. That’s the reason some investors run this strategy: to avoid having too much cash tied up in margin created by a short stock position.

The S&P BSE 100 index, a rules-based, broad index, is designed to measure the performance of the top 100 large-cap companies in India that are listed on BSE based on parameters such as size and liquidity. E.g. ABB, ACC, etc.

It provides investors and market intermediaries a benchmark that captures the overall capital market performance.

If the BSE100 goes up /down, it means that most of the stocks of the BSE100 went up /down during the given period. 

As the name indicates, the index has 200 companies which represent wider market capitalization of the market. The purpose of the index is to quantify price movements and monitor sensitivity of the market. E.g. Adani Power, Andhra Bank, etc.

It provides investors and market intermediaries a benchmark that captures the overall capital market performance.

If the BSE200 goes up /down, it means that most of the stocks of the BSE200 went up /down during the given period. 

S&P BSE 500 index represents nearly 93% of the total market capitalization on BSE and covers all the major industries of the economy. It comprises of 500 companies. For e.g. ABG Shipyard Limited, Allcargo Logistics, etc.

It provides investors and market intermediaries a benchmark that captures the overall capital market performance.

If the BSE500 goes up /down, it means that most of the stocks of the BSE500 went up /down during the given period.

The S&P BSE Auto index comprises constituents of the S&P BSE 500 that are classified as members of the transportation equipment sector as defined by the BSE industry classification system. e.g. Ashok Leyland, Hero Motocorp, etc.

It is a benchmark that captures the overall sentiment and performance of the automobile sector.

If the BSEAUTO goes up /down, it means that most of the stocks of the BSEAUTO went up /down during the given period. 

The S&P BSECD index comprises constituents of the S&P BSE 500 that are classified as members of the consumer durables sector as defined by the BSE industry classification system. For e.g. Titan Industries, Whirlpool, etc.

It is a benchmark that captures the overall sentiment and performance of the consumer durables sector.

If the BSECD goes up /down, it means that most of the stocks of the BSECD went up /down during the given period. 

The S&P BSECG index comprises constituents of the S&P BSE 500 that are classified as members of the capital goods sector as defined by the BSE industry classification system. For e.g. ABB, BHEL, etc.

It is a benchmark that captures the overall sentiment and performance of the capital goods sector.

If the BSECG goes up /down, it means that most of the stocks of the BSECG went up /down during the given period. 

Ø  Short Put is sometimes known as a Put Write, Naked Put, Write Put, or Uncovered Put Write.

Ø  Maximum Gain: Limited to the premium received for selling the put option.

Ø  Maximum Loss: Unlimited in a falling market.

Ø  Breakeven = Strike Price - premium value of put options sold.

Summary:- 

Example:

Mr. XYZ is bullish on Nifty when it is at 4191.10. He sells a Put option with a strike price of Rs. 4100 at a premium of Rs. 170.50 expiring on 31st July. If the Nifty index stays above 4100, he will gain the amount of premium as the Put buyer won’t exercise his option. In case the Nifty falls below 4100, Put buyer will exercise the option and the Mr. XYZ will start losing money. If the Nifty falls below 3929.50, which is the breakeven point, Mr. XYZ will lose the premium and more, depending on the extent of the fall in Nifty.

Strategy: Sell Put Option Current Nifty index 4191.10 Put Option Strike Price (Rs.) 4100

Mr. XYZ receives Premium (Rs.) 170.5

Break Even Point (Rs.) (Strike Price - Premium)* 3929.5

The S&P BSE FMCG index comprises constituents of the S&P BSE 500 that are classified as members of the fast moving consumer goods sector as defined by the BSE industry classification system. For e.g. Dabur, ITC, etc.

It is a benchmark that captures the overall sentiment and performance of the FMCG sector.

If the BSEFMCG goes up /down, it means that most of the stocks of the BSEFMCG went up /down during the given period.

The S&P BSE HC index comprises constituents of the S&P BSE 500 that are classified as members of the health care sector as defined by the BSE industry classification system. For e.g. Apollo Hospitals, Biocon, etc.

It is a benchmark that captures the overall sentiment and performance of the health care sector.

If the BSEHC goes up /down, it means that most of the stocks of the BSEHC went up/down during the given period. 

The S&P BSE IPO index is designed to measure the performance of companies listed on BSE after the completion of their Initial Public offering (IPO). This index tracks and provides a direction about the primary market conditions in the Indian capital market and measures the growth in investor’s wealth within a period of two years after listing of a company subsequent to successful completion of initial public offering (IPO). For e.g. Adani Power, D B Corp, etc.

If the BSEIPO goes up /down, it means that most of the stocks of the BSEIPO went up /down during the given period.

The S&P BSE IT index comprises constituents of the S&P BSE 500 that are classified as members of the information technology sector as defined by the BSE industry classification system. For e.g. Infosys, Wipro, etc.

It is a benchmark that captures the overall sentiment and performance of the information technology sector.

If the BSEIT goes up /down, it means that most of the stocks of the BSEIT went up /down during the given period. 

The S&P BSE METAL index comprises constituents of the S&P BSE 500 that are classified as members of the metals sector as defined by the BSE industry classification system. For e.g. Hindalco, Hindustan Zinc, etc.

It is a benchmark that captures the overall sentiment and performance of the metal sector.

If the BSEMETAL goes up /down, it means that most of the stocks of the BSEMETAL went up /down during the given period. 

The S&P BSE MIDCAP index comprises constituents of the S&P BSE 500 with medium capitalization. For e.g. 3M India Ltd, ABG Shipyard Limited, etc.

If the BSEMIDCAP goes up/down, it means that most of the stocks of the BSEMIDCAP went up /down during the given period.

It is a benchmark that captures the overall sentiment and performance of such medium-sized companies.

The S&P BSE Oil & Gas index comprises constituents of the S&P BSE 500 that are classified as members of the oil & gas sector as defined by the BSE industry classification system. For e.g. BPCL, Cairn India Limited, etc.

It is a benchmark that captures the overall sentiment and performance of the oil & gas sector.

If the BSE OILGAS goes up /down, it means that most of the stocks of the BSE OILGAS went up /down during the given period. 

The short put butterfly is a neutral strategy like the long put butterfly but bullish on volatility. It is a limited profit, limited risk options strategy. There are 3 striking prices involved in a short put butterfly and it can be constructed by writing one lower striking out-of-the-money put, buying two at-the-money puts and writing another higher striking in-the-money put, giving the options trader a net credit to put on the trade.

Limited Profit:-

Maximum profit is attained for the short put butterfly when the underlying stock price rally pass the higher strike price or drops below the lower strike price at expiration. If the stock ends up at the higher striking price, all the put options expire worthless and the short put butterfly trader keeps the initial credit taken when entering the trade. 

If instead, the stock price at expiry is equal to the lower strike price, the lower striking put option expires worthless while the "profits" of the remaining long put is canceled out by the "loss" incurred from shorting the higher strike put. So the maximum profit is still only the initial credit taken.

The formula for calculating maximum profit is given below:

Max Profit = Net Premium Received - Commissions Paid

Max Profit Achieved When Price of Underlying <= Strike Price of Lower Strike Short Put or Price of Underlying >= Strike Price of Higher Strike Short Put

Limited Risk:-

Maximum loss for the short put butterfly is incurred when the price of the underlying asset remains unchanged at expiration. At this price, only the higher striking put which was shorted expires in-the-money. The trader will have to buy back that put option at its intrinsic value to exit the trade.

The formula for calculating maximum loss is given below:

Max Loss = Strike Price of Higher Strike Short Put - Strike Price of Long Put - Net Premium Received + Commissions Paid

Max Loss Occurs When Price of Underlying = Strike Price of Long Put

Breakeven Point(s):-

There are 2 break-even points for the short put butterfly position. The breakeven points can be calculated using the following formulae.

Upper Breakeven Point = Strike Price of Highest Strike Short Put - Net Premium Received

Lower Breakeven Point = Strike Price of Lowest Strike Short Put + Net Premium Received

This index consists of major Public Sector Undertakings listed on BSE. For e.g. Andhra Bank, BHEL, etc. If the BSEPSU goes up/down, it means that most of the stocks of the BSEPSU went up /down during the given period.

It is a benchmark that captures the overall sentiment and performance of the PSU companies.

This index consists of companies listed on BSE with relatively smaller market capitalization. For e.g. 3i Infotech, Allcargo Logistics, etc.

If the BSESMALLCAP goes up/down, it means that most of the stocks of the BSESMALLCAP went up/down during the given period.

It is a benchmark that captures the overall sentiment and performance of such small sized companies.

The BSE TECK Index represents the most frequently traded stocks in the Indian Telecom, Media, and Telecommunications (TMT) sectors. For e.g. Bharti Airtel, D B Corp, etc.

It is a benchmark that captures the overall sentiment and performance of the Indian Telecom, Media, and Telecommunications (TMT) sectors.

 If the BSETECK goes up/down, it means that most of the stocks of the BSETECK went up/down during the given period.

A short straddle is an options strategy carried out by holding a short position in both a call and a put that have the same strike price and expiration date. The maximum profit is the amount of premium collected by writing the options.

The short straddle is a risky strategy an investor uses when he or she believes that a stock's price will not move up or down significantly. Because of its riskiness, the short straddle should be employed only by advanced traders due to the unlimited amount of risk associated with a very large move up or down.
 

Example:-

Suppose Nifty is at 4450 on 27^th April. An investor, Mr. A, enters into a short straddle by selling a May Rs 4500 Nifty Put for Rs. 85 and a May Rs. 4500 Nifty Call for Rs. 122. The net credit received is Rs. 207, which is also his maximum possible profit.

Strategy: Sell Put + Sell Call Nifty index Current Value 4450 Call and Put Strike Price (Rs.) 4500

Mr. A receives Total Premium (Call + Put) (Rs.) 207

Break Even Point (Rs.)* 4707(U) (Rs.)* 4293(L)

The Bombay Stock Exchange (BSE) has launched BSE Carbonex, the first carbon-based thematic index in the country, which takes a strategic view of organizational commitment to climate change mitigation. This index has been launched with the aim of creating a benchmark, and increasing awareness about the risks posed by climate change. For e.g. ABB, ACC, etc.

If the CARBON goes up/down, it means that most of the stocks of the CARBON went up/down during the given period. 

This index consists of companies which are medium capitalized (i.e. midcap) and listed on the National Stock Exchange (NSE). For e.g. Adani Enterprises, Allahabad Bank, etc.

If the CNX MIDCAP goes up/down, it means that most of the stocks of the CNX MIDCAP went up/down during the given period.

It is a benchmark that captures the overall sentiment and performance of such mid-sized companies.

This index consists of companies from the pharmaceuticals sector and listed on the National Stock Exchange (NSE). E.g. Cadila, Cipla, etc.

It is a benchmark that captures the overall sentiment and performance of the pharmaceuticals sector.

If the CNX PHARMA goes up /down, it means that most of the stocks of the CNX PHARMA went up /down during the given period. 

This index consists of public sector banks in the banking sector and listed on the National Stock Exchange (NSE). E.g. Canara Bank, IDBI Bank, etc.

If the CNX PSUBANK goes up /down, it means that most of the stocks of the CNX PSUBANK went up /down during the given period.

It is a benchmark that captures the overall sentiment and performance of such PSU BANKS.

This index consists of companies from the services sector which are listed on the National Stock Exchange (NSE). E.g. Axis Bank, GAIL India Limited.

It is a benchmark that captures the overall sentiment and performance of the services sector.

If the CNX SERVICE goes up /down, it means that most of the stocks of the CNX SERVICE went up /down during the given period. 

A synthetic long call is created when a long stock position is combined with a long put of the same series. It is so named because the established position has the same profit potential as a long call.

Married put and protective put strategies are examples of synthetic long calls.

Unlimited Profit Potential:-

The formula for calculating profit is given below:

Maximum Profit = Unlimited

Profit Achieved When Price of Underlying > Purchase Price of Underlying + Premium Paid

Profit = Price of Underlying - Purchase Price of Underlying - Premium Paid

Limited Risk:-

The formula for calculating maximum loss is given below:

Max Loss = Premium Paid + Commissions Paid

Max Loss Occurs When Price of Underlying <= Strike Price of Long Put

Breakeven Point(s):-

The underlying price at which break-even is achieved for the synthetic long call position can be calculated using the following formula.

Breakeven Point = Purchase Price of Underlying + Premium Paid

Example:-

Mr. XYZ is bullish about ABC Ltd stock. He buys ABC Ltd. at current market price of Rs. 4000 on 4th July. To protect against fall in the price of ABC Ltd. (his risk), he buys an ABC Ltd. Put option with a strike price Rs. 3900 (OTM) at a premium of Rs. 143.80 expiring on 31st July.

Strategy: Buy Stock + Buy Put Option Buy Stock (Mr. XYZ pays) Current Market Price of ABC Ltd. (Rs.) 4000 Strike Price (Rs.) 3900

Buy Put (Mr. XYZ pays) Premium (Rs.) 143.80

Break Even Point (Rs.) (Put Strike Price + Put Premium + Stock Price – Put Strike Price)* 4143.80.

The S&P BSE-GREENEX Index includes the top 25 companies which are deemed as good in terms of Carbon Emissions, Free-Float Market Capitalization and Turnover. BSE considers the company's initiative to offset the carbon emissions; the offset limit being set to 2/3rd of the company's total emissions. The Index is a Cap Weighted. E.g. HDFC, Lupin, etc.

If the GREENX goes up /down, it means that most of the stocks of the GREENX went up /down during the given period. 

A synthetic long put is created when short stock position is combined with a long call of the same series.

The synthetic long put is so named because the established position has the same profit potential as long put.

Unlimited Profit Potential:-

The formula for calculating profit is given below:

Maximum Profit = Unlimited

Profit Achieved When Price of Underlying < Sale Price of Underlying - Premium Paid

Profit = Sale Price of Underlying - Price of Underlying - Premium Paid

Limited Risk:-

The formula for calculating maximum loss is given below:

Max Loss = Premium Paid + Commissions Paid

Max Loss Occurs When Price of Underlying = Strike Price of Long Call

Breakeven Point(s):-

The underlier price at which break-even is achieved for the synthetic long put position can be calculated using the following formula.

Breakeven Point = Sale Price of Underlying - Premium Paid

The synthetic long stock is an options strategy used to simulate the payoff of a long stock position. It is entered by buying at-the-money calls and selling an equal number of at-the-money puts of the same underlying stock and expiration date.

This is an unlimited profit, unlimited risk options trading strategy that is taken when the options trader is bullish on the underlying security but seeks a low cost alternative to purchasing the stock outright.

Unlimited Profit Potential:-

Similar to a long stock position, there is no maximum profit for the synthetic long stock. The options trader stands to profit as long as the underlying stock price goes up.

The formula for calculating profit is given below:

Maximum Profit = Unlimited

Profit Achieved When Price of Underlying > Strike Price of Long Call + Net Premium Paid

Profit = Price of Underlying - Strike Price of Long Call - Net Premium Paid

Unlimited Risk:-

Like the long stock position, heavy losses can occur for the synthetic long stock if the underlying stock price takes a dive.

Additionally, a debit is usually taken when entering this position since calls are generally more expensive than puts. Hence, even if the underlying stock price remains unchanged on expiration date, there will still be a loss equal to the initial debit taken.

The formula for calculating loss is given below:

Maximum Loss = Unlimited

Loss Occurs When Price of Underlying < Strike Price of Short Put + Net Premium Paid

Loss = Strike Price of Short Put - Price of Underlying + Net Premium Paid + Commissions Paid

Breakeven Point(s):-

The underlier price at which break-even is achieved for the synthetic long stock position can be calculated using the following formula.

Breakeven Point = Strike Price of Long Call + Net Premium Paid

CNX Nifty Junior (Junior Nifty) is an index comprised of the next rung of 50 most liquid stocks after S&P CNX Nifty. For e.g. Apollo Hospitals, Ashok Leyland, etc.

If the JR NIFTY goes up/down, it means that most of the stocks of the JR NIFTY went up/down during the given period.

It is a benchmark that captures the overall sentiment and performance of the next rung of 50 most liquid stocks after S&P CNX Nifty.

Nifty 100 is a diversified 100 stock index accounting for sectors of the economy. Nifty 100 represents top 100 companies based on full market capitalization from Nifty 500. This index intends to measure the performance of large market capitalization companies. The Nifty 100 tracks the behaviour of combined portfolio of two indices viz. Nifty 50 and Nifty Next 50. E.g. ACC, Adani Enterprises, etc.

If the NIFTY100 goes up /down, it means that most of the stocks of such NIFTY100 went up /down during the given period.

It is a benchmark that captures the overall sentiment and performance of the top 100 companies.

The synthetic short stock is an options strategy used to simulate the payoff of a short stock position. It is entered by selling at-the-money calls and buying an equal number of at-the-money puts of the same underlying stock and expiration date.

This is an unlimited profit, unlimited risk options trading strategy that is taken when the options trader is bearish on the underlying security but seeks an alternative to short selling the stock.

Unlimited Profit Potential:-

Similar to a short stock position, there is no maximum profit for the synthetic short stock. The options trader stands to profit as long as the underlying stock price goes down.

Additionally, a credit is usually taken when entering this position since calls are generally more expensive than puts. Hence, even if the underlying stock price remains unchanged on expiration date, there will still be a profit equal to the initial credit taken.

The formula for calculating profit is given below:

• Maximum Profit = Unlimited
• Profit Achieved When Price of Underlying < Strike Price of Long Put + Net Premium Received
• Profit = Strike Price of Long Put - Price of Underlying + Net Premium Received

Unlimited Risk:-

Like the short stock position, heavy losses can occur for the synthetic short stock if the underlying stock price shoots upwards.

The formula for calculating loss is given below:-

• Maximum Loss = Unlimited
• Loss Occurs When Price of Underlying > Strike Price of Short Call + Net Premium Received
• Loss = Price of Underlying - Strike Price of Short Call - Net Premium Received + Commissions Paid

Breakeven Point(s):-

The underlier price at which break-even is achieved for the synthetic short stock position can be calculated using the following formula.

• Breakeven Point = Strike Price of Long Put + Net Premium Received

It represents the top 500 companies based on full market capitalization from the eligible universe. The Nifty 500 Index represents about 94% of the free float market capitalization of the stocks listed on NSE. For e.g. Aban Offshore, ABB, etc.

If the NIFTY 500 goes up/down, it means that most of the stocks of the NIFTY500 went up/down during the given period. It is a benchmark that captures the overall sentiment and performance of such top NIFTY 500 companies.

Nifty Energy sector Index includes companies belonging to Petroleum, Gas and Power sectors. The Index comprises of 10 companies listed on National Stock Exchange of India (NSE). E.g. Cairn India, Indian Oil Corporation, etc.

It is a benchmark that captures the overall sentiment and performance of the Petroleum, Gas and Power sectors.

If the NIFTY ENERGY goes up/down, it means that most of the stocks of the NIFTY ENERGY went up/down during the given period.

Nifty FMCG sector Index includes companies belonging to the fast moving consumer goods sector and comprises of selected companies listed on National Stock Exchange of India (NSE). For e.g. Britannia, Colgate Palmolive, etc.

It is a benchmark that captures the overall sentiment and performance of the FMCG sector.

If the NIFTY FMCG goes up/down, it means that most of the stocks of the NIFTY FMCG went up/down during the given period. 

Nifty INFRA sector Index includes companies belonging to the infrastructure sector and comprises of selected companies listed on National Stock Exchange of India (NSE). For e.g. Adani Power, BHEL, etc.

It is a benchmark that captures the overall sentiment and performance of the infrastructure sector.

If the NIFTY INFRA goes up/down, it means that most of the stocks of the NIFTY INFRA went up/down during the given period. 

Nifty IT sector Index includes companies belonging to the information technology sector and comprises of selected companies listed on National Stock Exchange of India (NSE). For e.g. CMC, HCL Technologies, etc.

It is a benchmark that captures the overall sentiment and performance of the Information Technology sector.

If the NIFTY IT goes up/down, it means that most of the stocks of the NIFTY IT went up/down during the given period. 

The Nifty MNC Index comprises of 15 listed companies on the National Stock Exchange (NSE) in which the foreign shareholding is over 50% and/or the management control is vested in the foreign company. For e.g. BOSCH, Glaxo Smithkline, etc.

If the NIFTY MNC goes up/down, it means that most of the stocks of the NIFTY MNC went up/down during the given period.

It is a benchmark that captures the overall sentiment and performance of such NIFTY MNC companies.

The NIFTY PSE index comprises of 20 public sector enterprises which are listed on the National Stock Exchange (NSE). For e.g. BHEL, Coal India Limited.

If the NIFTY PSE goes up/down, it means that most of the stocks of the NIFTY PSE went up/down during the given period.

It is a benchmark that captures the overall sentiment and performance of such 20 public sector enterprises.

Nifty REALTY sector Index includes companies belonging to the real estate sector and comprises of selected companies listed on National Stock Exchange of India (NSE). For e.g. D B Realty, DLF, etc.

It is a benchmark that captures the overall sentiment and performance of the real estate sector.

If the NIFTY REALTY goes up/down, it means that most of the stocks of the NIFTY REALTY went up/down during the given period. 

Nifty Midcap 50 includes top 50 companies based on full market capitalization from Nifty Midcap 150 index and on which derivative contracts are available on National Stock Exchange (NSE). In case 50 midcap stocks do not have derivatives contract available on them then it could have less than 50 stocks in the index. For e.g. ABB, Bajaj Finserv, etc.

If the NIFTY MCAP50 goes up/down, it means that most of the stocks of the NIFTY MCAP50 went up/down during the given period.

It is a benchmark that captures the overall sentiment and performance of such medium-sized companies.

This index comprises of companies from the power transmission and distribution space. For e.g. BHEL, CESC, etc.

It is a benchmark that captures the overall sentiment and performance of the power transmission and distribution sector.

If the POWER index goes up/down, it means that most of the stocks of the POWER index went up/down during the given period. 

This index comprises of companies from the real estate space. For e.g. DLF, Indiabulls Real Estate, etc.

It is a benchmark that captures the overall sentiment and performance of the real estate sector.

If the REALTY INDEX goes up/down, it means that most of the stocks of the REALTY INDEX went up/down during the given period. 

The S&P BSE SME IPO index is designed to measure the performance of the small and medium enterprises (SME) listed on the BSE SME platform after the completion of their initial public offering (IPO). For e.g. CCL Products (India) Limited.

If the SMEIPO goes up/down, it means that most of the stocks of the SMEIPO went up/down during the given period.

It is a benchmark that captures the overall sentiment and performance of such small and medium based companies.

India VIX is India’s volatility Index which is a key measure of market expectations of near-term volatility conveyed by NIFTY stock index option prices. This volatility index is computed by NSE based on the order book of NIFTY Options. For this, the best bid-ask quotes of near and next month NIFTY options contracts which are traded on the F&O segment of NSE are used.

India VIX indicates the investor’s perception of the market’s volatility in the near term i.e. it depicts the expected market volatility over the next 30 calendar days. Higher the India VIX values, higher the expected volatility and vice-versa.

If the India VIX goes up /down, it means that most of the stocks of the India VIX went up /down during the given period. 

The headers such as top gainers, top losers, etc can be viewed on the left-hand corner of the screen in a pre-defined sequence. Use left scroll option and right scroll option to view the details (i.e. scrip details) under each header. There are no additional buttons to this effect other than the aforesaid 2 scroll options.

-Price of the scrip.

- Change in price in numerical terms over previous day’s closing price (an upside is denoted in green, whereas a downside is denoted in red).

- % change in price over previous day’s closing price.

- A graphical representation of the day’s movement of the scrip – it could be sideways (implying no change), downwards (implying a fall) or upwards (implying a rise).

Advance/decline represents the ratio of the number of stocks whose closing price for today is more than the previous day’s closing price to the number of stocks whose closing price for today is less than the previous day’s closing price (for a particular benchmark index).

Advancing stocks are depicted in green colour whereas declining stocks are depicted in red colour.

There are 3 broad options available:-

- Order Book

- Trade Book

- SIP Book

As the number of orders under each of the 3 options may be on the higher side, you may not be able to view all the details under a single window snapshot. You would therefore have to scroll downwards to view details placed at the bottom of the screen. Depending on your network connectivity, you may have to wait a while for the orders to be downloaded when scrolled downloaded. Similarly, you can use scroll right by using the arrow header placed at the centre of the screen to view the row line items.

Yes. It is placed at the right-hand corner of the screen on the top.

As the name suggests, Order Book enables you to view all the pending, modified, cancelled and rejected orders for the day. Also, the status of all the orders placed can be viewed using the Order Status widget. Following are the broad constituents of the “Order Book”:-

- Product (e.g. Equity & Derivatives, MF, NCD)

- Stock i.e. the scrip name which is required to be entered

- Instrument (e.g. EQUITY, OPTIDX)

- Buy side or sell side

- Order status (e.g. pending, modified, cancelled, rejected)

- Exchange (i.e. BSE, NSE, CD)

- Product type (Intraday, Delivery)

Order Book therefore enables you to directly view details of all orders placed by you for the day which includes modified, cancelled, pending & executed orders. You can modify & cancel orders through order book. You can also Buy or Sell from the Order Book.

Select all the relevant details on the left hand corner of the screen (such as product, stock, instrument, exchange, etc) and specify the period for which you wish to see the details using the “From”& “To” date options placed at the right hand corner of the screen.

At the extreme right hand corner of the screen, when you click on the right hand side icon arrow in the middle of the order book,  there is a blue-coloured grid, with “Date” fields depicted in white - “From”& “To”. Input the start date and end date to specify the period for which you wish to view the details in your order book. It is represented as follows:-

This is because of the higher number of columns present. You would be required to scroll towards the right hand side of the screen using the right arrow pointer placed at the centre of the screen. You can also use the scroll right option highlighted in yellow to view additional columns.

Yes.  Upon clicking, you would be able to use two options – up arrowhead and down arrowhead pointer.

Yes. Simply use drag and drop option on the column headers to arrange the columns as per your discretion.

Trade Book is an option which displays the details of all executed orders. Following are the broad constituents of the Trade Book:-

- Stock i.e. scrip name which is required to be entered by you

- Instrument (e.g. EQUITY, OPTIDX)

- Buy side or sell side

- Status of trades (complete, open, etc.)

- Exchange (i.e. BSE, NSE, CD)

- Product type (Delivery, Intraday)

You can Buy or Sell as well.

Yes.

Buy option is represented as:-  

Sell option is represented as:- 

Equity, Derivatives (Futures & Options) and Mutual Funds.

Click on option “D” represented as  at the bottom of the grid to view the “TRADE DETAILS”. Following are the broad constituents of this window:-

- Exchange (BSE or NSE)

- Year (you can view details for up to 10 years in addition to the current financial year)

- Period (select “From” date and “To” date)

- Scrip name

You can download the details in excel format also as per your convenience.

As the number of column headers is high, you cannot view all of them under a single window. Use the scroll right option highlighted in yellow at the bottom of the grid to view additional columns.

You can sort the scrips in your Watchlist as per your preference under the following options: -

- Volumes traded

- Change in scrip price

- % change in scrip price

- Last traded price and

- Symbol

(Sorting can be done either in ascending or in descending order on each individual column).

Manage Watchlist is the principal facility under which you can oversee or manage your Watchlist. Here, you can create a new profile/watchlist, rename an existing one or delete any profile/watchlist which you no may no longer wish to track. 

Default Watchlist refers to the pre-defined watchlist such as the scrips falling in the popular benchmark indices such as SENSEX & NIFTY.

If you want any particular watchlist created by you to be set as a default watchlist, simply click on “Set as Default” option.

You can view a comprehensive list of all your profiles under the sub-header “Watchlist”. Here, you can view a list of all the profiles created by you along with the two predefined profiles – SENSEX & NIFTY.

This option allows you to see only those columns which are deemed relevant by you to be displayed on the screen. Irrelevant columns may be filtered out at your discretion.

Select all the relevant details on the left-hand corner of the screen (such as product, stock, instrument, exchange, etc) and specify the period for which you wish to see the details using the “From”& “To” date options placed at the right-hand corner of the screen.

At the extreme right hand corner of the screen, when you click on the right hand side icon arrow in the middle of the order book,  there is a blue-coloured grid, with “Date” fields depicted in white - “From”& “To”. Input the start date and end date to specify the period for which you wish to view the details in your trade book. It is represented as follows:-

Right and left pointers as depicted below: - (To scroll towards the right and towards the left of the screen).

Up and down pointers as depicted below:- (To scroll towards the top and towards the bottom of the screen).

Arrowheads options have been provided to allow you to scroll left and right and up and down across the screen to view all the available columns.

This is because of the higher number of columns present. You would be required to scroll towards the right hand side of the screen using the right arrow pointer placed at the centre of the screen. You can also use the scroll right option highlighted in yellow to view additional columns.

Yes.  Upon clicking, you would be able to use two options – up arrowhead and down arrowhead pointers.

Yes. Simply use drag and drop option on the column headers to arrange the columns as per your discretion.

All columns cannot be viewed under a single window snapshot on account of a larger number of columns. However, you can view these columns one-by-one by using the arrowhead options or by using the mouse pointer to scroll up and down.

Simply hold the shift key to select multiple columns.

Equity & Mutual Funds.

This is because of the higher number of columns present. You would be required to scroll towards the right hand side of the screen using the right arrow pointer placed at the Centre of the screen. You can also use the scroll right option highlighted in yellow to view additional columns.

You can save, reset or cancel.

Yes. Simply click on “Export” option.

Yes. Simply use drag and drop option on the column headers to arrange the columns as per your discretion.

“EQ” stands for Equity.        

Grid view and detailed views are available. Grid view is a tabular representation of the scrip-related data, whereas detailed view is a pictorial or a graphical representation of the scrip-related data.

“MF” stands for Mutual Fund.

EQ stands for Equity.

IL is a series type under which only FII's can trade among themselves. It is permissible only in those securities where a maximum permissible limit for FII's is not breached.

- Symbol i.e. Scrip name (along with Buy and Sell circled options)

- Last Traded Price (LTP)

- Price change

- Volume

- Bid Quantity

- Instrument

- Bid Size

- Exchange

- Offer Size

- Open

- Low

- High

- Previous Close

Yes. Simply drag and drop the concerned header at the preferred location i.e. either to the left or to the right of the screen.

Since the number of header columns is large, a single view snapshot of all the header columns is not possible. Use the mouse pointer to scroll towards the right hand side to view the rest of the columns.

You can view a pictorial/graphical representation of your scrips and the volumes per scrip. Corresponding to each scrip, you have 2 circled options – B (Buy) & S (Sell).

Categories available are:-Top rated, Top performers and My Watchlist.

Further sub-categories available are equity, debt, and hybrid. Type of MF could be through normal (direct) route or SIP route.

-  Ranking of the scheme (generally vis-a-vis other schemes in the same category)

-  Scheme name (along with type of scheme – Growth or Dividend option)

-  Category of the scheme (i.e. equity, debt, hybrid)

-  Net Asset Value or NAV of the scheme as on date

-  % returns over varying time periods of 1 year, 3 years and 5 years

-  Type of scheme (e.g. online)

-  Star rating of the mutual fund

-  Current Mutual Fund Manager

“My Watchlist” enables you to create your own customized Watchlist based upon your individual preferences.

Use the following simple steps in sequential order to create a Watchlist:-

• Click on “Manage Watchlist”.
• Select the relevant market watch which is no longer required by you.
• Click on “Delete” option (indicated in red).

• -Go To “Manage Watchlist” option
• -Create a new market watch and assign it a particular name
• -To add scrips, Go to “Add to Watchlist” and enter the scrip name which you would like to add
• -To delete scrips, click on the individual scrip, and use delete option, which is represented by a circled X.

Under “symbol” option, corresponding to each scrip, there are two circled optionsthrough which you can either buy or sell a scrip:-

 Green circle represented by alphabet “B”- BUY.

  Red circle represented by alphabet “S”- SELL.

Yes. Under detailed view, you can view charts for individual selected scrips.

No. There is no such functionality to this effect.

Currently, there is no functionality wherein you can view your demat holdings or portfolio from the watchlist.

• Order Trail = This gives you comprehensive details about the order 
• Modify = any change you wish to make in the order 
• Cancel = This enables you to cancel the order 
• Buy  = In case if you wish to buy more quantity 
• Sell = In case if you wish to sell some shares 

In case you have clicked on the left hand side icon arrow in the middle of the order book, the filter column on the left hand side disappears, to enable the same – click on the left hand side arrow again.

In case you have clicked on the right hand side icon arrow in the middle of the order book, the “From and To Date” column on the right hand side disappears, to enable the same – click on the right hand side arrow again.

Simply click on each individual news announcement to view the complete details.

Options  through which you can either buy or sell a scrip.

-   Green circle represented by alphabet “B”- BUY.

-   Red circle represented by alphabet “S”- SELL.

No.

- Client Profile

- Research Report

- Demat Report (SSL DP View)

- Fayde Ka Sauda (FKS)

- Offer For Sale (OFS)

- Change Password

- DP Lien

- Ledger

- Digital Contract

- Trade Log

“Click” facility is present under each of the Back Office options. For accessing any of the facility, simply click on each individual option.

Yes.

• - You can view your portfolio value over a specified period of time and see news, block deals etc that occurred in that period.
• - Specify “From” and “To” date ranges for the period required by you.
• - Select the relevant option (News, Block deals, Bulk deals, MF Activity, etc) under which you wish to  view the data or the values over the specified time period.
• - A grid representation is displayed on the screen with horizontal and vertical axis.
• - On the horizontal axis, you can view the dates/months.
• - On the vertical axis, you can view the values.

No. All the options appear in a pre-defined sequence and cannot be interchanged.

This section provides a snapshot of all the client details as have been updated in the Back Office records. Following details can be viewed by you:-

• -     Personal details (Client code, PAN, full name, DOB, gender and marital status)
• -     Contact details (Landline number, mobile number and e-mail id)

-     Bank details (Bank name, branch, account number and MICR code)

-     Additional details (Educational qualifications and occupation)

-     Demat account details (DP ID and Client ID)

-     Correspondence address details

If there has been any change in your profile details such as address, bank details and demat details post account opening, you can contact us for making the relevant modifications / updations by following these simple steps:-

- Visit the 'Downloads' option on the home page

- Fill the required / relevant modification form and sign the same

- Submit the duly filled modification form to the nearest servicing branch or call our customer care numbers for further assistance.

It is made based on the percentage change in price with respect to the last closing price of the scrip. Depending on the value of the percentage change, the scrips have been marked from dark green to dark red background.

Heat Map, just like a bubble map, is a “Data Visualization” facility. Heat Map is an option to study and analyze the stock/index movements. It is basically a graphical representation of data where the individual values contained in a matrix are represented as colours. The significant feature of a heat map is that it prominently highlights changes in scrip prices for the benefit and information of the client.

Heat Map employs only 2 colours – Green & Red.

Green colour indicates a positive change in the scrip price.

Red colour indicates a negative change in the scrip price.

The research report may focus on a specific stock or industry sector, a currency, commodity or fixed-income instrument, or even on a geographic region or country. Research reports also provide recommendations on individual stocks such as “BUY”, “SELL” or “HOLD”. Research analysts use a wide range of both fundamental and technical parameters.

A total of 30 days reports will be generated under this section. These reports are arranged in a chronological order with the latest report getting displayed on top.

Here, you can view holding, transaction and billing reports for your Demat account number as on a specific date.

Yes. You cannot buy or sell a scrip through the Heat Map facility. To do this, click on the call corresponding to the scrip in the heat map. The details of the scrip will appear below the heat map.

Just beside the scrip details, you will find the familiar  and  icon clicking which you could buy or sell that scrip respectively.

Fayde Ka Sauda is an innovative scheme which enables you to buy on discount sales. You can now enjoy an all year round sale with up to 25% cash back on the total brokerage on trades done through your online trading account. The registration fee for this scheme is Rs. 500/- only. Higher volumes would translate into higher savings for you.

Tabulated below are the various scheme offerings:-

Note: Cashback is valid only if your brokerage in a month is above Rs. 1,500/-.

The scheme shall be applicable for a minimum period of 1 calendar month with upfront fees of Rs. 500/- per month. Benefits of this scheme cannot be clubbed with any other scheme. This scheme can be availed of by registered users only.

You have to click on ‘I agree to the terms and conditions’ to subscribe to this scheme. You will get an e-mail confirmation for subscribing to the scheme.

Under this section, you can bid for an OFS and also view the bid details. You will have to enter the name of the scrip, the buy price and the buy quantity.

This option allows to you to change your password for your trading account.

You can view your ledger balances for up to 10 years (beginning from the current financial year). The same can be downloaded in excel format at your discretion. The various column headers are:-

- Voucher date

- Voucher type

- Particulars of the transaction

- Debit amount

- Credit amount

- Balance

Use scroll down option highlighted in gray at the right-hand corner of the screen to view the details of transactions.

Here, you can view your digital contract note for the current financial year or the previous financial year.

You would be directed to the broking back office module site of the vendor – Financial Technologies Ind. Ltd., wherein you would be prompted for your client code and password.

You can view your trade logs for up to 10 years (beginning from the current financial year). The same can be downloaded in excel format at your discretion. The following reports are available:-

- Trade summary

- Trade details

- Trade log

- Trade portfolio

- Trade derivative

You need to specify the scrip name and the period for which you wish to view the Trade Log details.

Under “symbol” option, corresponding to each scrip, there are three circled options

through which you can buy, sell or square off a scrip:-

: Green circle represented by alphabet “B”- BUY

: Red circle represented by alphabet “S”- SELL

: Blue circle represented by alphabet “Q”- SQUARE OFF

Only “Equity” series is available. 

Equity option is represented by the abbreviation “EQ”. 

- Select either “BUY” option or “SELL” option depending upon your choice of trade

- Select the segment / benchmark index in which you wish to trade

- Select the exchange in which the scrip is to be traded in i.e. NSE or BSE

- Type the name of the scrip (security).

_____________________________________________________________________

- For Equity: - Series will get automatically selected. “EQ” for NSE orders. For BSE orders, the series option gets disabled.

- For Futures: - Type company name & click on 'Get Futures'. On clicking, you will then have to select the expiry for which you wish to place the order.

- For Options: - Type company name & click on 'Get Option'. On clicking, you will then have to select expiry for which you wish to place the order, Option i.e. Call (CE) or Put (PE) and Strike Price for which you wish to place the order.

_____________________________________________________________________

- Press "Go" button to select the scrip for the transaction and proceed further.

- Select Product type:

a.) For Equity, select Delivery / Intraday. For Delivery, you need to have 100% limits for a purchase transaction or securities in your demat account for a sale transaction. For Intraday, positions are squared off within the same settlement.

b.) For Futures and Options, default is 'Normal'. Intraday means that the positions are squared off within the same settlement.

_____________________________________________________________________

- Select Order Type: Market, Limit or Stop Loss (Limit or Market).

- If Order Type is 'Limit', enter the limit price.

- Enter quantity under 'Qty' option.

- Enter Disc Qty. (this is optional)

 ____________________________________________________________________

- If you have selected Order Type as 'SL-L' or 'SL-M', Select SLTP or SLTP %.:-

a.) If you prefer to place your market or limit order subsequent to the price reaching a trigger price, then select SLTP.

b.) Enter Trigger price or SLTP % under the 'Trigger Price' column.

- Select Validity.

- Tick AMO (After Market Order) if the order is placed during non market hours.

- Click on Submit option. Similarly, you can place orders in the Bracket Segment too. (Bracket order gives you a facility to place 3 orders simultaneously).

_____________________________________________________________________

              - Select “Buy” or “Sell” option according to the position that you wish to create.

- Enter the name of the scrip. Click on “Go” option to select scrip for transaction and to get LTP of that scrip.

- Enter Quantity (and Disclosed quantity) if desired.

- Enter the price at which you wish to square off the order and book your profit using the “Profit Book” field.

- Enter the price at which you wish to square off the order and limit your loss using the “Stop Loss” field.

               - Click on “Submit” option

You can view scrip details only for one particular scrip at any given point of time. Simply enter the name of the scrip in the rectangular box provided.

- It is a rectangular grid representation with each grid comprising of a particular constituent as tabulated below:-

An illustrative example is as follows:-

Under the “Order Entry” option, you can place orders under the following segments – Normal, Equity SIP, Strategy, IPO, OFS, MF, NCD & NFO.

Broad column headers are present for each of these options. It is to be noted that the column headers appear in a pre-defined sequence and cannot be interchanged. There is no drag and drop option available for the column headers.

At the top right hand corner of the screen, there is an option called “LIMITS” represented as: -    wherein you can view your available and blocked amounts for trading as have been updated in the Back Office system by the Risk Management team. A “MANAGE” facility has been provided wherein you can lien / unlien the funds depending upon your limits.

Separate / different limits are set for each segment on a daily basis based upon the scrip margins.

“MANAGE” option can therefore be used to allocate or deallocate your funds provided in the Limits window.  

To the right of the “LIMITS” facility, you can avail of the following options:-

- Know Your Margin: represented as 

- Positions: represented as 

- Quotes: represented as 

- Portfolio: represented as  

- News: represented as  

- Call: represented as   

(*All of the options are scrip specific and the output corresponding to each of these headers can be obtained only after entering the scrip name in the space provided for the same).

“Quote” option is represented as follows:-. It is placed on the top right-hand corner of the screen.

Upon clicking of this option and specifying the scrip name, you can view a detailed quote of the scrip that you are ordering, complete with a company profile alongwith several performance indicators (Examples of data points are:-company profile, snapshot, quotes, risk return analysis, shareholding pattern, stock-specific latest news, etc.)

“Quotes” icon comprises of several sections, hence it would not be possible for you to view all of these sections under a single window snapshot. Use the scroll down option highlighted in yellow at the right-hand corner of the screen to view particulars or details of additional sections.

- Enter the scrip name of your choice and click on “GO” button.

- A rectangular grid will be displayed on the screen with each grid comprising of a particular financial parameter along with metrics which aid in comparison.

- Each grid is represented by a colour.

- You can also avail of the facility of a “Comparison Chart”.

It is an in-depth commentary or description of the company which provides valuable insights to the customer, regarding the firm's history, number and quality of its human, financial, and physical resources, organizational and management structure, past, current and anticipated performance, its reputation, the standing of its goods or services and recent developments, among other details.

Corresponding to each scrip, there are two circled options  through which you can either buy or sell a scrip:-

- : Green circle represented by alphabet “B”- BUY

- : Red circle represented by alphabet “S”- SELL 

The data is provided on a yearly (annual) basis – current year and preceding 4 years which enables you to see data over a total period of 5 years.

1. White – No change

2. Green – Positive change

3. Red – Negative change

No. The boxes appear in a pre-defined sequence and you cannot use drag and drop option to interchange the same.

It indicates an overall consistent positive change in performance on the financial parameter for the individual scrip (on a standalone basis), for the particular sector (on an overall basis) as well as for the company vis-a-vis the industry or sector.

(*Depending on the box number from 1 to 5 as tabulated above)

It indicates an overall consistent negative change in performance on the financial parameter for the individual scrip (on a standalone basis), for the particular sector (on an overall basis) as well as for the company vis-a-vis the industry or sector.

(*Depending on the box number from 1 to 5 as tabulated above)

It indicates that there is virtually no change observed either in the scrip or in the industry as a whole for the particular financial parameter under consideration.

(*Depending on the box number from 1 to 5 as tabulated above)

Values corresponding to each financial parameter are depicted in the large rectangular box at the top of the grid just below the name of the parameter.

You can compare a maximum of 3 scrips at a time. Enter the symbol of the company in the spaces provided.

Comparison is done on both fundamental and technical parameters to provide a holistic view.

Yes. You can view fundamental growth ratios for individual companies as well as for the sector / industry as a whole.

No. All the row headings are pre-defined and cannot be interchanged.

You can also see peer comparison under the “Financial Maps” section. Simply click on “Peer Comparison” chart to view the details in a chart / graphical format.

EMA stands for Exponential Moving Average.

An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. It's also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Traders who employ technical analysis find moving averages very useful and insightful when applied correctly but create havoc when used improperly or are misinterpreted. All the moving averages commonly used in the technical analysis are, by their very nature, lagging indicators. Consequently, the conclusions drawn from applying a moving average to a particular market chart should be to confirm a market move or to indicate its strength. Very often, by the time a moving average indicator line has made a change to reflect a significant move in the market, the optimal point of market entry has already passed. An EMA does serve to alleviate this dilemma to some extent. Because the EMA calculation places more weight on the latest data, it “hugs” the price action a bit tighter and therefore reacts quicker. This is desirable when an EMA is used to derive a trading entry signal.

Like all moving average indicators, they are much better suited for trending markets. When the market is in a strong and sustained uptrend, the EMA indicator line will also show an uptrend and vice-versa for a down trend. A vigilant trader will not only pay attention to the direction of the EMA line but also the relation of the rate of change from one bar to the next. For example, as the price action of a strong uptrend begins to flatten and reverse, the EMA’s rate of change from one bar to the next will begin to diminish until such time that the indicator line flattens and the rate of change is zero.

Types of EMA’s:-

• 10 day SMA above 30 day EMA - This is a technical indicator which advises you to focus on long positions only.
• 10 day SMA below 30 day EMA - This is a technical indicator which advises you to focus on short positions only.

The relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula:

RSI = 100 - 100/ (1 + RS*)

*Where RS = Average of x days' up closes / Average of x days' down closes.

As you can see from the chart above, the RSI ranges from 0 to 100. An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued.

A trader using RSI should be aware that large surges and drops in the price of an asset will affect the RSI by creating false buy or sell signals. The RSI is best used as a valuable complement to other stock-picking tools.

RSI<30: - If the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued.​

RSI>70: - An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback.

MACD, also known as Moving Average Convergence / Divergence, is a trading indicator used in technical analysis of stock prices and it is supposed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.

It is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.

There are three common methods used to interpret the MACD:-

a. Crossovers - As shown in the chart above, when the MACD falls below the signal line, it is a bearish signal, which indicates that it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a bullish signal, which suggests that the price of the asset is likely to experience upward momentum. Many traders wait for a confirmed cross above the signal line before entering into a position to avoid getting "faked out" or entering into a position too early, as shown by the first arrow.

b. Divergence - When the security price diverges from the MACD. It signals the end of the current trend.

c. Dramatic rise - When the MACD rises dramatically - that is, the shorter moving average pulls away from the longer-term moving average - it is a signal that the security is overbought and will soon return to normal levels.

Traders also watch for a move above or below the zero line because this signals the position of the short-term average relative to the long-term average. When the MACD is above zero, the short-term average is above the long-term average, which signals upward momentum. The opposite is true when the MACD is below zero. As you can see from the chart above, the zero line often acts as an area of support and resistance for the indicator.

Three lines compose the Directional Movement Indicators (DMI): ADX, DI+ and DI-. The Average Directional Index (ADX) line shows the strength of the trend. The higher the ADX value, the stronger is the trend. The Plus Direction Indicator (DI+) and Minus Direction Indicator (DI-) show the current price direction. When the DI+ is above DI-, current price momentum is up. When the DI- is above DI+, current price momentum is down.

The Directional Movement Indicator (also known as the Directional Movement Index - DMI) is a valuable tool for assessing price direction and strength. This indicator was created in 1978 by J. Welles Wilder, who also created the popular relative strength index. DMI tells you when to be long or short. It is especially useful for trend trading strategies because it differentiates between strong and weak trends, allowing the trader to enter only the strongest trends. DMI works on all time frames and can be applied to any underlying vehicle (stocks, mutual funds, exchange-traded funds, futures, commodities and currencies).

According to Wilder, a trend is present when the ADX is above 25.If DI+ is above DI-, an ADX reading of 25 or higher indicates a strong uptrend. If DI- is above DI+, an ADX reading of 25 or higher indicates a strong downtrend. The ADX may stay above 25 even when the trend reverses. Since ADX is non-directional, this shows the reversal is as strong as the prior trend. Many traders use 20 to indicate a trend, instead of 25.

DMI is a moving average of range expansion over a given period (default 14). The positive directional movement indicator (+DMI) measures how strongly price moves upward; the negative directional movement indicator (-DMI) measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears. Each DMI is represented by a separate line. First, look to see which of the two DMI lines is on top. Some short-term traders refer to this as the dominant DMI. The dominant DMI is stronger and more likely to predict the direction of price. For the buyers and sellers to change dominance, the lines must cross over.

A crossover occurs when the DMI on bottom crosses up through the dominant DMI on top. Crossovers may seem like an obvious signal to go long/short, but many short-term traders will wait for other indicators to confirm the entry or exit signals to increase their chances of making a profitable trade. Crossovers of the DMI lines are often unreliable because they frequently give false signals when volatility is low and late signals when volatility is high. Think of crossovers as the first indication of a potential change in direction.

“Risk” is the standard deviation of the daily returns of the scrip, whereas “Returns” is the average daily return of that scrip in the last 365 calendar days}. 

- This is a graphical risk-reward/returns analysis and comparison of the selected scrip versus its peers (i.e. competitors generally from the same sector or industry).

- On the horizontal axis, “Risk” parameter is plotted, whereas on the vertical axis, “Returns” parameter is plotted.

- Output values are depicted in red and blue coloured circles on the grid. The selected scrip is represented by a larger circle, whereas the peer group companies are represented by smaller circles. Upon clicking on each circle, you can view the Standard Deviation and the Returns for that scrip.

Stocks with a lower Standard Deviation (risk) and higher returns can be termed as relatively safe performing / consistent performing stocks.

Corresponding to each scrip, there are two circled options  through which you can either buy or sell a scrip:-

: Green circle represented by alphabet “B”- BUY

 Red circle represented by alphabet “S”- SELL

• Oscillator used in technical analysis to help determine when an investment vehicle has been overbought and oversold. The Commodity Channel Index, first developed by Donald Lambert, quantifies the relationship between the asset's price, a moving average (MA) of the asset's price, and normal deviations (D) from that average.
• It is computed with the following formula: - CCI= Price –MA/0.015*D
• CCI has seen substantial growth in popularity amongst technical investors; today's traders often use the indicator to determine cyclical trends in not only commodities but also equities and currencies.
• The CCI, when used in conjunction with other oscillators, can be a valuable tool to identify potential peaks and valleys in the asset's price, and thus provide investors with reasonable evidence to estimate changes in the direction of price movement of the asset.
• The CCI compares the current price to an average price over a period of time. The indicator fluctuates above or below zero, moving into positive or negative territory. While most values, approximately 75%, will fall between -100 and +100, about 25% of the values will fall outside this range, indicating a lot of weakness or strength in the price movement.
• Following chart/graph is an illustrative example of a stock chart with CCI indicator:-

The chart above uses 30 periods in the CCI calculation; since the chart is a monthly chart, each new calculation is based on the most recent 30 months. CCIs of 20 and 40 periods are also common. A period refers to the number of price bars the indicator will include in its calculation. The price bars can be one-minute, five-minute, daily, weekly, monthly or any time frame you have accessible on your charts.

The longer the period chosen (the more bars in the calculation), the less often the indicator will move outside -100 or +100. Short-term traders prefer a shorter period (fewer price bars in the calculation) since it will provide more signals, while longer-term trades and investors prefer a longer period such as 30 or 40. Using a daily or weekly chart is recommended for longer-term traders, while short-term trades can apply the indicator to an hourly chart or even a one-minute chart.

When the CCI is above +100, the price is well above the average price as measured by the indicator. When the indicator is below -100, the price is well below the average price.

A basic CCI strategy is to watch for the CCI to move above +100 to generate buy signals and move below -100 to generate sell or short trade signals. Investors may only wish to take the buy signals, exit when the sell signals occurs and then re-invest when the buy signal occurs again.

Commodity Channel Index < -100: - A security would be deemed oversold when the CCI dips below −100.

Commodity Channel Index > +100: - A security would be deemed overbought when it exceeds +100.

The Shareholding pattern tells us the detailed ownership of a particular business i.e. company. Most importantly many a times, shareholding pattern indicates future stock price movement. In a nutshell, shareholding pattern indicates how much amount of shares is held by each and every set of investors. In equity markets, there are many types of investors like retail, high net worth individuals, promoters, foreign institutional investors and so on.

Promoters are the founders (or initial investors) of the company. Promoter holding is the total number of shares held by the promoters and the promoters group out of the total outstanding shares of the company. Generally, promoter’s movements are followed to predict the future outcome of the company. If a promoter raises his stake, it is comprehended that he has high confidence in the business and may get positive results. But this does not always hold true. Now, what if the promoter holding is low or promoters are selling their share? Lower stake means low confidence in the company i.e. the promoters are not optimistic about the future prospects.

A higher FII stake is interpreted as positive and a lower FII stake means low confidence of FII’s in the company. If FII’s increase their stake, it is considered positive as they invest funds only when they are totally optimistic and confident about the future of the company. Just like promoters, if FII’s sell their shares, then it does not mean that the company is fundamentally weak. Their selling may be due to the economic or political changes, legal problems in their home country or it’s just that they want to enjoy their profit. Whatever be the reason, if they offload huge quantities then a huge fall in stock price is witnessed.

Individuals like us are many in numbers (even lakhs and crores) forming a part of the shareholding pattern. But stock prices don’t get affected by our transactions as shares owned by us is very small when compared to the whole. You need to be careful if you find a stock where individual shareholding is increasing while decreasing promoters/institutional shareholding. This may be an early sign of stock price crash.

- The number of shares held by each individual/entity is depicted along with the percentage of shareholding. You can also view a circular/graphical representation of the shareholding pattern wherein each % share is depicted by a different colour code for identification purposes.

- Use scroll right and scroll down options highlighted in yellow to view complete details of the shareholding pattern.

Corresponding to each scrip, there are two circled options  through which you can either buy or sell a scrip:-

-  Green circle represented by alphabet “B”- BUY

-  Red circle represented by alphabet “S”- SELL 

Bollinger Bands are technical indicators which can be used to measure the "highness" or "lowness" of the price relative to previous trades.

Bollinger Bands consist of a center line and two price channels (bands) above and below it. The center line is an exponential moving average; the price channels are the standard deviations of the stock being studied. The bands will expand and contract as the price action of an issue becomes volatile (expansion) or becomes bound into a tight trading pattern (contraction).

A Bollinger Band is a band plotted two standard deviations away from a simple moving average, developed by famous technical trader John Bollinger.

In this example of Bollinger Bands, the price of the stock is banded by an upper and lower band along with a 21-day simple moving average.

Because standard deviation is a measure of volatility, Bollinger Bands adjust themselves to the market conditions. When the markets become more volatile, the bands widen (move further away from the average), and during less volatile periods, the bands contract (move closer to the average). The tightening of the bands is often used by technical traders as an early indication that the volatility is about to increase sharply. This is one of the most popular technical analysis techniques. The closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market.

While every strategy has its drawbacks, Bollinger Bands have become one of the most useful and commonly used tools in spotlighting extreme short-term prices in a security. Buying when stock prices cross below the lower Bollinger Band often helps traders take advantage of oversold conditions and profit when the stock price moves back up toward the center moving average line.

Above upper 2 sigma Bollinger Band: - Above Upper 2 Sigma would represent “highness” of the price relative to previous trades.

Below lower 2 sigma Bollinger Band: - Below Upper 2 Sigma would represent “lowness “of the price relative to previous trades.

The Stochastic Indicator is based on the observation that as the price of an instrument increases, the daily closes tend to be closer to the upper end of the recent price range. Conversely, as the price decreases, the daily closes tend to be closer to the lower end of the recent price range.

There are three primary stochastic values:-

(a) Raw stochastic - the most basic value representing the stochastic value for each period. Also known as raw K.

(b) %k - the first smoothing of the raw stochastic, usually with a 3-period moving average.

(c) %d - the smoothing of the %k value, usually with another 3-period moving average. Also known as slow K.

There are two parameters for stochastics:-

(a) The number of periods over which the raw stochastic is calculated (14).

(b) The smoothing factor for the calculation of %k and %d (3).

The Slow Stochastic is a chart of the %k and the %d values.​

There are three versions of the Stochastic Oscillator:-

The Fast Stochastic Oscillator is based on George Lane's original formulas for %K and %D. %K in the fast version that appears rather choppy. %D is the 3-day SMA of %K. In fact, Lane used %D to generate buy or sell signals based on bullish and bearish divergences. Lane asserts that a %D divergence is the “only signal which will cause you to buy or sell.”

Because %D in the Fast Stochastic Oscillator is used for signals, the Slow Stochastic Oscillator was introduced to reflect this emphasis. The Slow Stochastic Oscillator smooths %K with a 3-day SMA, which is exactly what %D is in the Fast Stochastic Oscillator. Notice that %K in the Slow Stochastic Oscillator equals %D in the Fast Stochastic Oscillator (chart 2).

Fast Stochastic Oscillator:

§  Fast %K = %K basic calculation

§  Fast %D = 3-period SMA of Fast %K

Slow Stochastic Oscillator:

§  Slow %K = Fast %K smoothed with 3-period SMA

§  Slow %D = 3-period SMA of Slow %K

The Full Stochastic Oscillator is a fully customizable version of the Slow Stochastic Oscillator. Users can set the look-back period, the number of periods to slow %K and the number of periods for the %D moving average. The default parameters were used in these examples: Fast Stochastic Oscillator (14,3), Slow Stochastic Oscillator (14,3) and Full Stochastic Oscillator (14,3,3).

Full Stochastic Oscillator:

§  Full %K = Fast %K smoothed with X-period SMA

§  Full %D = X-period SMA of Full %K

Developed by Larry Williams, Williams %R is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Also referred to as %R, Williams %R reflects the level of the close relative to the highest high for the look-back period. In contrast, the Stochastic Oscillator reflects the level of the close relative to the lowest low. %R corrects for the inversion by multiplying the raw value by -100. As a result, the Fast Stochastic Oscillator and Williams %R produce the exact same lines, only the scaling is different. Williams %R oscillates from 0 to -100. Readings from 0 to -20 are considered overbought. Readings from -80 to -100 are considered oversold.

Unsurprisingly, signals derived from the Stochastic Oscillator are also applicable to Williams %R.

The calculation is as tabulated below:-

An illustrative example is depicted below:-

As with the Stochastic Oscillator, Williams %R reflects the level of the close relative to the high-low range over a given period of time. Assume that the highest high equals 110, the lowest low equals 100 and the close equals 108. The high-low range is 10 (110 - 100), which is the denominator in the %R formula. The highest high less the close equals 2 (110 - 108), which is the numerator 0.2 divided by 10 equals 0.20. Multiply this number by -100 to get -20 for %R. If the close was 103, Williams %R would be -70 (((110-103)/10) x -100).

The centreline, -50, is an important level to watch. Williams %R moves between 0 and -100, which makes -50 the midpoint. Think of it as the 50-yard line in football. The offense has a higher chance of scoring when it crosses the 50-yard line. The defense has an edge as long as it prevents the offense from crossing the 50-yard line. A Williams %R cross above -50 signals that prices are trading in the upper half of their high-low range for the given look-back period. This suggests that the cup is half full. Conversely, a cross below -50 means prices are trading in the bottom half of the given look-back period. This suggests that the cup is half empty.

Low readings (below -80) indicate that price is near its low for the given time period. High readings (above -20) indicate that price is near its high for the given time period. The IBM example above shows three 14-day ranges (yellow areas) with the closing price at the end of the period (red dotted) line. Williams %R equals -9 when the close was at the top of the range. The Williams %R equals -87 when the close was near the bottom of the range. The close equals -43 when the close was in the middle of the range.

This section is dedicated to stock specific news/announcements which will assist you to make an investing decision by providing all relevant news and updates regarding that particular stock.

- Stock News: - Refers to any updates/announcements on the particular scrip counter. A detailed description can be obtained by clicking on each individual news.

- Events: - Refers to details of the forthcoming events lined up for a particular company. E.g. board meetings, annual general meetings, etc.

- Appear In: - Refers to specific trends noticed on the particular scrip counter such as volume toppers, most active, etc.

Corresponding to each scrip, there are two circled options  through which you can either buy or sell a scrip:-

- Green circle represented by alphabet “B”- BUY

- Red circle represented by alphabet “S”- SELL

This section is dedicated to additional analysis statements / reports for a particular scrip. Features include financial map, financial reports, research and recommendation, peer comparison and company profile.

You can compare a maximum of 3 scrips at a time. Enter the symbol of the company in the spaces provided.

Comparison is done on both fundamental and technical parameters to provide a holistic view.

Yes. You can view fundamental growth ratios for individual companies as well as for the sector / industry as a whole.

No. All the row headings are pre-defined and cannot be interchanged.

This section provides news announcements for the selected scrip arranged in a chronological order with the latest news getting displayed on the top of the screen. You need to click on each individual news announcement to view the complete details. Use scroll down option highlighted in yellow to view further announcements situated at the bottom of the screen. E.g. updates regarding financial results, board meetings, annual general meetings, etc.

You can also see peer comparison under the “Financial Maps” section. Simply click on “Peer Comparison” chart to view the details in a chart / graphical format.

EMA stands for Exponential Moving Average.

An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. It's also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Traders who employ technical analysis find moving averages very useful and insightful when applied correctly but create havoc when used improperly or are misinterpreted. All the moving averages commonly used in technical analysis are, by their very nature, lagging indicators. Consequently, the conclusions drawn from applying a moving average to a particular market chart should be to confirm a market move or to indicate its strength. Very often, by the time a moving average indicator line has made a change to reflect a significant move in the market, the optimal point of market entry has already passed. An EMA does serve to alleviate this dilemma to some extent. Because the EMA calculation places more weight on the latest data, it “hugs” the price action a bit tighter and therefore reacts quicker. This is desirable when an EMA is used to derive a trading entry signal.

Like all moving average indicators, they are much better suited for trending markets. When the market is in a strong and sustained uptrend, the EMA indicator line will also show an uptrend and vice-versa for a down trend. A vigilant trader will not only pay attention to the direction of the EMA line but also the relation of the rate of change from one bar to the next. For example, as the price action of a strong uptrend begins to flatten and reverse, the EMA’s rate of change from one bar to the next will begin to diminish until such time that the indicator line flattens and the rate of change is zero.

Types of EMA’s:-

10 day SMA above 30 day EMA - This is a technical indicator which advises you to focus on long positions only.

10 day SMA below 30 day EMA- This is a technical indicator which advises you to focus on short positions only.

“Call” option enables you to seek help or assistance in case of any queries or clarifications or difficulties at the time of order placement for particular scrip. It is further divided into 3 options:-

- Call & Trade: Call on our Helpdesk toll-free numbers 1800 209 9345 (Private Telecom Operator’s Numbers) or 1800-22-3345 (MTNL/BSNL Numbers) and place a trade(s).

- Get a Call Back: Our authorized helpdesk representative will call you back for resolving your queries or for placing a trade.

- Other Queries: This refers to solutions to any other queries that you may be having.

You can view Messages and Research Recommendations under the “MORE” option at the extreme bottom of the grid. Such functionalities would greatly assist your investing decision regarding particular scrip by providing you with all the latest news/updates, etc.

- Messages are arranged in a chronological order (starting with the latest or most recent message on top). You can view up to a maximum of 50 messages at a time. Use the scroll down option highlighted in yellow at the bottom of the screen to view additional messages. For e.g. individual company announcements, general market trends, domestic or international news impacting the stock markets or individual scrips, etc.

- Research Recommendations are recommendations on individual stocks by our research analysts who track and analyze stocks on the basis of both fundamental and technical parameters. Recommendations could be “BUY”, “SELL” or “HOLD” with a series of target prices and stop loss targets also being clearly indicated corresponding to each scrip.

-  Select any one (i.e. Equity or F & O contracts) from the drop down facility.

-  Select either NSE or BSE exchange

-  Enter the name of the scrip

-  For buying, click on “BUY” option depicted in green -  

-  For selling, click on “SELL” option depicted in red - 

-  Select product type and order type from the drop-down options

-  Enter price, quantity and disc quantity

-  Click on any one validity option – Day Order or IOC order

-  In case you wish to place an After Market Order, tick AMO option

-  Select any one (i.e. Equity or F & O contracts) from the drop down facility.

-  Select either NSE or BSE exchange

-  Enter the name of the scrip

-  For buying, click on “BUY” option depicted in green - 

-  Product type is “DELIVERY” by default

-  Order type is “MARKET” by default

-  Enter amount and quantity

-  Enter the “Start Date” for the SIP

-  Select any one frequency option – Daily, Weekly or Monthly

-  Select period of the SIP (should be < 60)

-  Minimum SIP period is 1 month. This is prominently displayed at the bottom of the screen or grid.

The relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula:

RSI = 100 - 100/ (1 + RS*)

*Where RS = Average of x days' up closes / Average of x days' down closes.

As you can see from the chart above, the RSI ranges from 0 to 100. An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued.

A trader using RSI should be aware that large surges and drops in the price of an asset will affect the RSI by creating false buy or sell signals. The RSI is best used as a valuable complement to other stock-picking tools.

RSI<30: - If the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued.​

RSI>70: - An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback.

Here, you can select between Bracket Order and Cover Order.

Bracket Order:-

-  Select any one (i.e. Equity or F & O contracts) from the drop down facility.

-  Select either NSE or BSE exchange

-  Enter the name of the scrip

-  For buying, click on “BUY” option depicted in green - 

-  For selling, click on “SELL” option depicted in red -

-  Product type will be “BRACKET” by default

-  Order type will be “LIMIT” by default

-  Enter price, quantity and disc quantity

-  Under “SELL” option, there are two headers – Book Profit / Stop Loss

-  Click on any one validity option – Day Order or IOC order

Cover Order:-

-  Select any one (i.e. Equity or F & O contracts) from the drop down facility.

-  Select either NSE or BSE exchange

-  Enter the name of the scrip

-  For buying, click on “BUY” option depicted in green - 

-  For selling, click on “SELL” option depicted in red - 

-  Product type will be “COVER” by default

-  Order type will be “MARKET” by default

-  Enter quantity and disc. quantity

-  Enter the trigger price in the relevant space provided

-  Click on any one validity option – Day Order or IOC order

There is a separate link named "Offer for Sale (OFS)" available under the Back Office section through which you can place Buy order(s) under this facility. 

- Select category

- Enter scrip name

- Select type

- Enter the Buy Price and the Buy Quantity

- Total Buy amount = Buy Price * Buy Quantity

- Enter Order date

- Enter the name of the particular MF scheme that you have invested in or would like to invest in

- There are 2 exchange options – Online & Demat

- Select transaction type

- Select folio and enter the amount

- Following details will be populated – scheme rating (depicted by stars), NAV, amounts invested, cut-off time, units held, details of joint holder & nominee, current value of the holdings, etc.

- Click on T&C (Terms & Conditions) and accept the same. Finally, click on Submit option.

- A short one line description of a particular mutual fund scheme would also get displayed at the bottom of the grid which is for information purposes.

MACD, also known as Moving Average Convergence / Divergence, is a trading indicator used in technical analysis of stock prices and it is supposed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.

It is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.

There are three common methods used to interpret the MACD:-

a. Crossovers - As shown in the chart above, when the MACD falls below the signal line, it is a bearish signal, which indicates that it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a bullish signal, which suggests that the price of the asset is likely to experience upward momentum. Many traders wait for a confirmed cross above the signal line before entering into a position to avoid getting "faked out" or entering into a position too early, as shown by the first arrow.

b. Divergence - When the security price diverges from the MACD. It signals the end of the current trend.

c. Dramatic rise - When the MACD rises dramatically - that is, the shorter moving average pulls away from the longer-term moving average - it is a signal that the security is overbought and will soon return to normal levels.

Traders also watch for a move above or below the zero line because this signals the position of the short-term average relative to the long-term average. When the MACD is above zero, the short-term average is above the long-term average, which signals upward momentum. The opposite is true when the MACD is below zero. As you can see from the chart above, the zero line often acts as an area of support and resistance for the indicator.

Three lines compose the Directional Movement Indicators (DMI): ADX, DI+ and DI-. The Average Directional Index (ADX) line shows the strength of the trend. The higher the ADX value, the stronger the trend. The Plus Direction Indicator (DI+) and Minus Direction Indicator (DI-) show the current price direction. When the DI+ is above DI-, current price momentum is up. When the DI- is above DI+, current price momentum is down.

The Directional Movement Indicator (also known as the Directional Movement Index - DMI) is a valuable tool for assessing price direction and strength. This indicator was created in 1978 by J. Welles Wilder, who also created the popular relative strength index. DMI tells you when to be long or short. It is especially useful for trend trading strategies because it differentiates between strong and weak trends, allowing the trader to enter only the strongest trends. DMI works on all time frames and can be applied to any underlying vehicle (stocks, mutual funds, exchange-traded funds, futures, commodities and currencies).

According to Wilder, a trend is present when the ADX is above 25.If DI+ is above DI-, an ADX reading of 25 or higher indicates a strong uptrend. If DI- is above DI+, an ADX reading of 25 or higher indicates a strong downtrend. The ADX may stay above 25 even when the trend reverses. Since ADX is non-directional, this shows the reversal is as strong as the prior trend. Many traders use 20 to indicate a trend, instead of 25.

DMI is a moving average of range expansion over a given period (default 14). The positive directional movement indicator (+DMI) measures how strongly price moves upward; the negative directional movement indicator (-DMI) measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears. Each DMI is represented by a separate line. First, look to see which of the two DMI lines is on top. Some short-term traders refer to this as the dominant DMI. The dominant DMI is stronger and more likely to predict the direction of price. For the buyers and sellers to change dominance, the lines must cross over.

A crossover occurs when the DMI on bottom crosses up through the dominant DMI on top. Crossovers may seem like an obvious signal to go long/short, but many short-term traders will wait for other indicators to confirm the entry or exit signals to increase their chances of making a profitable trade. Crossovers of the DMI lines are often unreliable because they frequently give false signals when volatility is low and late signals when volatility is high. Think of crossovers as the first indication of a potential change in direction.

- Under type of issues, select any one – Current, Closed or Future issues

- From the available options, select any one issue

- For every issue, there is a “BUY” option

- Ratings, as assigned by the credit rating agencies, is displayed

- Multiples of, opening date and closing date of the NCD is displayed

- Time of the NCD (“From” and “To”) is highlighted

- Demat status (Y or N)

- Click on “NEXT” option to proceed

- A small news announcement regarding a particular MF scheme gets displayed at the bottom of the screen

• Oscillator used in technical analysis to help determine when an investment vehicle has been overbought and oversold. The Commodity Channel Index, first developed by Donald Lambert, quantifies the relationship between the asset's price, a moving average (MA) of the asset's price, and normal deviations (D) from that average.
• It is computed with the following formula: - CCI= Price –MA/0.015*D
• CCI has seen substantial growth in popularity amongst technical investors; today's traders often use the indicator to determine cyclical trends in not only commodities but also equities and currencies.
• The CCI, when used in conjunction with other oscillators, can be a valuable tool to identify potential peaks and valleys in the asset's price, and thus provide investors with reasonable evidence to estimate changes in the direction of price movement of the asset.
• The CCI compares the current price to an average price over a period of time. The indicator fluctuates above or below zero, moving into a positive or negative territory. While most values, approximately 75%, will fall between -100 and +100, about 25% of the values will fall outside this range, indicating a lot of weakness or strength in the price movement.

Following chart/graph is an illustrative example of a stock chart with CCI indicator:-

The chart above uses 30 periods in the CCI calculation; since the chart is a monthly chart, each new calculation is based on the most recent 30 months. CCIs of 20 and 40 periods are also common. A period refers to the number of price bars the indicator will include in its calculation. The price bars can be one-minute, five-minute, daily, weekly, monthly or any time frame you have accessible on your charts.

The longer the period chosen (the more bars in the calculation), the less often the indicator will move outside -100 or +100. Short-term traders prefer a shorter period (fewer price bars in the calculation) since it will provide more signals, while longer-term trades and investors prefer a longer period such as 30 or 40. Using a daily or weekly chart is recommended for longer-term traders, while short-term trades can apply the indicator to an hourly chart or even a one-minute chart.

When the CCI is above +100, the price is well above the average price as measured by the indicator. When the indicator is below -100, the price is well below the average price.

A basic CCI strategy is to watch for the CCI to move above +100 to generate buy signals and move below -100 to generate sell or short trade signals. Investors may only wish to take the buy signals, exit when the sell signals occur and then re-invest when the buy signal occurs again.

Commodity Channel Index < -100: - A security would be deemed oversold when the CCI dips below −100.

What is Commodity Channel Index > +100: - A security would be deemed overbought when it exceeds +100.

Under the NFO segment, you can view the following broad column headers:-

- Scheme

- Category

- Fund Manger

- Start Date

- End Date

- Minimum Initial Amount

- Mode

The aforesaid columns are interchangeable and can be arranged as per your discretion. “Click” option is provided on each of the header columns which will enable you to scroll up and down to view further additional details.

- Select folio and enter the amount

- Click on T&C (Terms & Conditions) and accept the same.

- A short one line description of a particular mutual fund scheme would also get displayed at the bottom of the grid which is for information purposes.

Bollinger Bands are technical indicators which can be used to measure the "highness" or "lowness" of the price relative to previous trades.

Bollinger Bands consist of a center line and two price channels (bands) above and below it. The center line is an exponential moving average; the price channels are the standard deviations of the stock being studied. The bands will expand and contract as the price action of an issue becomes volatile (expansion) or becomes bound into a tight trading pattern (contraction).

A Bollinger Band is a band plotted two standard deviations away from a simple moving average, developed by famous technical trader John Bollinger.

In this example of Bollinger Bands, the price of the stock is banded by an upper and lower band along with a 21-day simple moving average.

Because standard deviation is a measure of volatility, Bollinger Bands adjust themselves to the market conditions. When the markets become more volatile, the bands widen (move further away from the average), and during less volatile periods, the bands contract (move closer to the average). The tightening of the bands is often used by technical traders as an early indication that the volatility is about to increase sharply. This is one of the most popular technical analysis techniques. The closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market.

While every strategy has its drawbacks, Bollinger Bands have become one of the most useful and commonly used tools in spotlighting extreme short-term prices in a security. Buying when stock prices cross below the lower Bollinger Band often helps traders take advantage of oversold conditions and profit when the stock price moves back up toward the center moving-average line.

Above upper 2 sigma Bollinger Band: - Above Upper 2 Sigma would represent “highness” of the price relative to previous trades.

Below lower 2 sigma Bollinger Band: - Below Upper 2 Sigma would represent “lowness “of the price relative to previous trades.

The Stochastic Indicator is based on the observation that as the price of an instrument increases, the daily closes tend to be closer to the upper end of the recent price range. Conversely, as the price decreases, the daily closes tend to be closer to the lower end of the recent price range.

There are three primary stochastic values:-

(a) Raw stochastic - the most basic value representing the stochastic value for each period. Also known as raw K.

(b) %k - the first smoothing of the raw stochastic, usually with a 3-period moving average.

(c) %d - the smoothing of the %k value, usually with another 3-period moving average. Also known as slow K.

There are two parameters for stochastics:-

(a) The number of periods over which the raw stochastic is calculated (14).

(b) The smoothing factor for the calculation of %k and %d (3).

The Slow Stochastic is a chart of the %k and the %d values.

There are three versions of the Stochastic Oscillator:-

The Fast Stochastic Oscillator is based on George Lane's original formulas for %K and %D. %K in the fast version that appears rather choppy. %D is the 3-day SMA of %K. In fact, Lane used %D to generate buy or sell signals based on bullish and bearish divergences. Lane asserts that a %D divergence is the “only signal which will cause you to buy or sell.”

Because %D in the Fast Stochastic Oscillator is used for signals, the Slow Stochastic Oscillator was introduced to reflect this emphasis. The Slow Stochastic Oscillator smooths %K with a 3-day SMA, which is exactly what %D is in the Fast Stochastic Oscillator. Notice that %K in the Slow Stochastic Oscillator equals %D in the Fast Stochastic Oscillator (chart 2).

Fast Stochastic Oscillator:

§  Fast %K = %K basic calculation

§  Fast %D = 3-period SMA of Fast %K

Slow Stochastic Oscillator:

§  Slow %K = Fast %K smoothed with 3-period SMA

§  Slow %D = 3-period SMA of Slow %K

The Full Stochastic Oscillator is a fully customizable version of the Slow Stochastic Oscillator. Users can set the look-back period, the number of periods to slow %K and the number of periods for the %D moving average. The default parameters were used in these examples: Fast Stochastic Oscillator (14,3), Slow Stochastic Oscillator (14,3) and Full Stochastic Oscillator (14,3,3).

Full Stochastic Oscillator:

§  Full %K = Fast %K smoothed with X-period SMA

§  Full %D = X-period SMA of Full %K

Developed by Larry Williams, Williams %R is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Also referred to as %R, Williams %R reflects the level of the close relative to the highest high for the look-back period. In contrast, the Stochastic Oscillator reflects the level of the close relative to the lowest low. %R corrects for the inversion by multiplying the raw value by -100. As a result, the Fast Stochastic Oscillator and Williams %R produce the exact same lines, only the scaling is different. Williams %R oscillates from 0 to -100. Readings from 0 to -20 are considered overbought. Readings from -80 to -100 are considered oversold.

Unsurprisingly, signals derived from the Stochastic Oscillator are also applicable to Williams %R.

The Calculation is as tabulated below:-

An illustrative example is depicted below:-

As with the Stochastic Oscillator, Williams %R reflects the level of the close relative to the high-low range over a given period of time. Assume that the highest high equals 110, the lowest low equals 100 and the close equals 108. The high-low range is 10 (110 - 100), which is the denominator in the %R formula. The highest high less the close equals 2 (110 - 108), which is the numerator 0.2 divided by 10 equals 0.20. Multiply this number by -100 to get -20 for %R. If the close was 103, Williams %R would be -70 (((110-103)/10) x -100).

The center line, -50, is an important level to watch. Williams %R moves between 0 and -100, which makes -50 the midpoint. Think of it as the 50-yard line in football. The offense has a higher chance of scoring when it crosses the 50-yard line. The defense has an edge as long as it prevents the offense from crossing the 50-yard line. A Williams %R cross above -50 signals that prices are trading in the upper half of their high-low range for the given look-back period. This suggests that the cup is half full. Conversely, a cross below -50 means prices are trading in the bottom half of the given look-back period. This suggests that the cup is half empty.

Low readings (below -80) indicate that price is near its low for the given time period. High readings (above -20) indicate that price is near its high for the given time period. The IBM example above shows three 14-day ranges (yellow areas) with the closing price at the end of the period (red dotted) line. Williams %R equals -9 when the close was at the top of the range. The Williams %R equals -87 when the close was near the bottom of the range. The close equals -43 when the close was in the middle of the range.

• -Equities
  -Derivatives
  -Technical Ratio
   
  You can view data for either of the exchanges (BSE or NSE) and for any benchmark index as per your preference.

You can view 5,10,15,20 or 25 items at a time under each metric / header.

• Manner of display is – “Cylinder Bar Chart”
• List of scrips is displayed in a vertical manner
• Each cylindrical bar chart is represented by a unique colour and the colour remains unique for all the scrips under a particular metric / header
• Additional details can be viewed by clicking on the right-circled option

It would not be possible to view all headers under a single window screenshot as the number of broad headers is on the higher side. You may, however, use the scroll down option highlighted in yellow to view additional headers.

“Click” option has not been provided for the scrips. You can only view the details.

Yes. There is no separate drag-and-drop option available.

No. There is no functionality to this effect.

Scrips where there is a difference in the price of the stock and its future after accounting shows an arbitrage opportunity between stock and future for cost of carry.

Cash-and-carry-arbitrage is a combination of a long position in an asset such as a stock or commodity and a short position in the underlying futures. This arbitrage strategy seeks to exploit pricing inefficiencies for the same asset in the cash (or spot) and futures markets, in order to make riskless profits. The arbitrageur would typically seek to "carry" the asset until the expiration date of the futures contract, at which point it would be delivered against the futures contract. Therefore, this strategy is only viable if the cash inflow from the short futures position exceeds the acquisition cost and carrying costs on the long asset position.

An arbitrage opportunity wherein the closing price of the scrip on the NSE is   greater than its closing price on the BSE.

In this case, the market arbitrageur would profit by buying a security in the BSE at a lower price and selling the same in the NSE at a higher price.

An arbitrage opportunity wherein the closing price of the scrip on the NSE is lesser than its closing price on the BSE.
In this case, the market arbitrageur would profit by buying a security in the NSE at a lower price and selling the same in the BSE at a higher price.

Open interest is the total number of open or outstanding (not closed or delivered) options and/or futures contracts that exist on a given day, delivered on a particular day. Open interest is commonly associated with the futures and options markets, where the number of existing contracts changes from day to day – unlike the stock market, where the outstanding shares of a company's stock remain constant once a stock issue is completed. However, the term "open interest" is also sometimes used to refer to the number of buy market orders that exist before the stock market opens.

For every seller of a futures or option contract, there must also be a buyer of the contract. One seller and one buyer together create one contract. Therefore, the total open interest in the market for a specified futures or option market equals the total number of buyers or the total number of sellers, not the total of both added together.

Open interest is a measure of the flow of money into a futures or options market. Increasing open interest represents new or additional money coming into the market while decreasing open interest indicates money flowing out of the market. An increase in open interest is typically interpreted as a bullish signal while decreasing open interest figures are generally interpreted as a bearish sign.

Open interest is also used as a momentum indicator of trend strength. Since rising open interest represents additional money coming into a market, indicating increased interest in the market by investors, it is generally interpreted to be an indication that the existing market trend is gaining momentum and is likely to continue. Conversely, decreasing open interest reflects declining interest on the part of investors and waning momentum, indicating that the existing trend may soon be exhausted, leading to a trend change.

Open Interest gainers refer to scrips which are gaining in open interest positions which implies a rising interest in these scrips by investors.

Open Interest losers refer to scrips which are reducing in open interest positions which implies a declining interest in these scrips by investors.

Future price decrease and open interest decrease are signs that the market trend is negative and there is declining interest on the part of the investors.

Future price increase and open interest increase are signs that the market trend is positive and there is rising interest on the part of the investors.

Rollover means that assuming an option about to expire is favourable to hold, you may decide to buy or sell the later expiring option. Rollover%: Only for 5 days from Curr Exp implies 5 days before current expiry compared with 5 days before of last expiry. 

This is when the futures price is above the expected future spot price. Because the futures price must converge on the expected future spot price, it implies that futures prices are falling over time as new information brings them into line with the expected future spot price.

The arbitrageur is willing to pay more [now] for the underlying at some point in the future than the actual expected price of the commodity [at that future point]. This may be due to people's desire to pay a premium to have the underlying in the future rather than paying the costs of buying the underlying today.

This is when the futures price is below the expected future spot price. This is desirable for speculators who are "net long" in their positions ; they want the futures price to increase. So, normal backwardation is when the futures prices are increasing.

PCR stands for Put Call ratio.

A put-call ratio is a popular tool specifically designed to help individual investors gauge the overall sentiment (mood) of the market. The ratio is calculated by dividing the number of traded put options by the number of traded call options. As this ratio increases, it can be interpreted to mean that investors are putting their money into put options rather than call options. An increase in traded put options signals that investors are either starting to speculate that the market will move lower, or starting to hedge their portfolios in case of a sell-off.

The put-call ratio is primarily used by traders as a contrarian indicator when the values reach relatively extreme levels. This means that many traders will consider a large ratio a sign of a buying opportunity because they believe that the market holds an unjustly bearish outlook and that it will soon adjust when those with short positions start looking for places to cover. There is no magic number that indicates that the market has created a bottom or a top, but generally, traders will anticipate this by looking for spikes in the ratio or for when the ratio reaches levels that are outside of the normal trading range.

India VIX is India’s volatility Index which is a key measure of market expectations of near-term volatility conveyed by NIFTY stock index option prices. This volatility index is computed by NSE based on the order book of NIFTY Options. For this, the best bid-ask quotes of near and next-month NIFTY options contracts which are traded on the F&O segment of NSE are used.

India VIX indicates the investor’s perception of the market’s volatility in the near term i.e. it depicts the expected market volatility over the next 30 calendar days. Higher the India VIX values, higher the expected volatility and vice-versa.

These refer to scrips wherein a consistent positive upward trend in prices is witnessed over a time period (It refers to higher closing price of the scrip as compared to previous day’s closing levels).

These refer to scrips wherein a consistent negative downward trend in prices is witnessed over a time period (It refers to lower closing price of the scrip as compared to previous day’s closing levels).

EMA stands for Exponential Moving Average.

An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. It's also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Traders who employ technical analysis find moving averages very useful and insightful when applied correctly but create havoc when used improperly or are misinterpreted. All the moving averages commonly used in the technical analysis are, by their very nature, lagging indicators. Consequently, the conclusions drawn from applying a moving average to a particular market chart should be to confirm a market move or to indicate its strength. Very often, by the time a moving average indicator line has made a change to reflect a significant move in the market, the optimal point of market entry has already passed. An EMA does serve to alleviate this dilemma to some extent. Because the EMA calculation places more weight on the latest data, it “hugs” the price action a bit tighter and therefore reacts quicker. This is desirable when an EMA is used to derive a trading entry signal.

Like all moving average indicators, they are much better suited for trending markets. When the market is in a strong and sustained uptrend, the EMA indicator line will also show an uptrend and vice-versa for a down trend. A vigilant trader will not only pay attention to the direction of the EMA line but also the relation of the rate of change from one bar to the next. For example, as the price action of a strong uptrend begins to flatten and reverse, the EMA’s rate of change from one bar to the next will begin to diminish until such time that the indicator line flattens and the rate of change is zero.

Types of EMA’s:-

10 day SMA above 30 day EMA - This is a technical indicator which advises you to focus on long positions only. ​​

10 day SMA below 30 day EMA - This is a technical indicator which advises you to focus on short positions only.

The relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula:

RSI = 100 - 100/ (1 + RS*)

*Where RS = Average of x days' up closes / Average of x days' down closes.

As you can see from the chart above, the RSI ranges from 0 to 100. An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued.

A trader using RSI should be aware that large surges and drops in the price of an asset will affect the RSI by creating false buy or sell signals. The RSI is best used as a valuable complement to other stock-picking tools.
 

RSI<30: - If the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued.

RSI>70: - An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback.

MACD, also known as Moving Average Convergence / Divergence, is a trading indicator used in technical analysis of stock prices and it is supposed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.

It is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.

There are three common methods used to interpret the MACD:-

a. Crossovers - As shown in the chart above, when the MACD falls below the signal line, it is a bearish signal, which indicates that it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a bullish signal, which suggests that the price of the asset is likely to experience upward momentum. Many traders wait for a confirmed cross above the signal line before entering into a position to avoid getting "faked out" or entering into a position too early, as shown by the first arrow.

b. Divergence - When the security price diverges from the MACD. It signals the end of the current trend.

c. Dramatic rise - When the MACD rises dramatically - that is, the shorter moving average pulls away from the longer-term moving average - it is a signal that the security is overbought and will soon return to normal levels.

Traders also watch for a move above or below the zero line because this signals the position of the short-term average relative to the long-term average. When the MACD is above zero, the short-term average is above the long-term average, which signals upward momentum. The opposite is true when the MACD is below zero. As you can see from the chart above, the zero line often acts as an area of support and resistance for the indicator.

Three lines compose the Directional Movement Indicators (DMI): ADX, DI+ and DI-. The Average Directional Index (ADX) line shows the strength of the trend. The higher the ADX value, the stronger is the trend. The Plus Direction Indicator (DI+) and Minus Direction Indicator (DI-) show the current price direction. When the DI+ is above DI-, current price momentum is up. When the DI- is above DI+, current price momentum is down.

The Directional Movement Indicator (also known as the Directional Movement Index - DMI) is a valuable tool for assessing price direction and strength. This indicator was created in 1978 by J. Welles Wilder, who also created the popular relative strength index. DMI tells you when to be long or short. It is especially useful for trend trading strategies because it differentiates between strong and weak trends, allowing the trader to enter only the strongest trends. DMI works on all time frames and can be applied to any underlying vehicle (stocks, mutual funds, exchange-traded funds, futures, commodities and currencies).

According to Wilder, a trend is present when the ADX is above 25.If DI+ is above DI-, an ADX reading of 25 or higher indicates a strong uptrend. If DI- is above DI+, an ADX reading of 25 or higher indicates a strong downtrend. The ADX may stay above 25 even when the trend reverses. Since ADX is non-directional, this shows the reversal is as strong as the prior trend. Many traders use 20 to indicate a trend, instead of 25.

DMI is a moving average of range expansion over a given period (default 14). The positive directional movement indicator (+DMI) measures how strongly price moves upward; the negative directional movement indicator (-DMI) measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears. Each DMI is represented by a separate line. First, look to see which of the two DMI lines is on top. Some short-term traders refer to this as the dominant DMI. The dominant DMI is stronger and more likely to predict the direction of price. For the buyers and sellers to change dominance, the lines must cross over.

A crossover occurs when the DMI on bottom crosses up through the dominant DMI on top. Crossovers may seem like an obvious signal to go long/short, but many short-term traders will wait for other indicators to confirm the entry or exit signals to increase their chances of making a profitable trade. Crossovers of the DMI lines are often unreliable because they frequently give false signals when volatility is low and late signals when volatility is high. Think of crossovers as the first indication of a potential change in direction.

• An oscillator used in technical analysis to help determine when an investment vehicle has been overbought and oversold. The Commodity Channel Index, first developed by Donald Lambert, quantifies the relationship between the asset's price, a moving average (MA) of the asset's price, and normal deviations (D) from that average.
• It is computed with the following formula: - CCI= Price –MA/0.015*D
• CCI has seen substantial growth in popularity amongst technical investors; today's traders often use the indicator to determine cyclical trends in not only commodities but also equities and currencies.

The CCI, when used in conjunction with other oscillators, can be a valuable tool to identify potential peaks and valleys in the asset's price, and thus provide investors with reasonable evidence to estimate changes in the direction of price movement of the asset.
The CCI compares the current price to an average price over a period of time. The indicator fluctuates above or below zero, moving into the positive or negative territory. While most values, approximately 75%, will fall between -100 and +100, about 25% of the values will fall outside this range, indicating a lot of weakness or strength in the price movement.

Following chart/graph is an illustrative example of a stock chart with CCI indicator:-

The chart above uses 30 periods in the CCI calculation; since the chart is a monthly chart, each new calculation is based on the most recent 30 months. CCIs of 20 and 40 periods are also common. A period refers to the number of price bars the indicator will include in its calculation. The price bars can be one-minute, five-minute, daily, weekly, monthly or any time frame you have accessible on your charts.

The longer the period was chosen (the more bars in the calculation), the less often the indicator will move outside -100 or +100. Short-term traders prefer a shorter period (fewer price bars in the calculation) since it will provide more signals, while longer-term traders and investors prefer a longer period such as 30 or 40. Using a daily or weekly chart is recommended for longer-term traders, while short-term trades can apply the indicator to an hourly chart or even a one-minute chart.

When the CCI is above +100, the price is well above the average price as measured by the indicator. When the indicator is below -100, the price is well below the average price.

A basic CCI strategy is to watch for the CCI to move above +100 to generate buy signals and move below -100 to generate sell or short trade signals. Investors may only wish to take the buy signals, exit when the sell signal occurs and then re-invest when the buy signal occurs again.

Commodity Channel Index < -100: - A security would be deemed oversold when the CCI dips below −100.

Commodity Channel Index > +100: - A security would be deemed overbought when it exceeds +100.

Bollinger Bands are technical indicators which can be used to measure the "highness" or "lowness" of the price relative to previous trades.

Bollinger Bands consist of a center line and two price channels (bands) above and below it. The center line is an exponential moving average; the price channels are the standard deviations of the stock being studied. The bands will expand and contract as the price action of an issue becomes volatile (expansion) or becomes bound into a tight trading pattern (contraction).

A Bollinger Band is a band plotted two standard deviations away from a simple moving average, developed by famous technical trader John Bollinger.

In this example of Bollinger Bands, the price of the stock is banded by an upper and lower band along with a 21-day simple moving average.

Because standard deviation is a measure of volatility, Bollinger Bands adjust themselves to the market conditions. When the markets become more volatile, the bands widen (move further away from the average), and during less volatile periods, the bands contract (move closer to the average). The tightening of the bands is often used by technical traders as an early indication that the volatility is about to increase sharply. This is one of the most popular technical analysis techniques. The closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market.

While every strategy has its drawbacks, Bollinger Bands have become one of the most useful and commonly used tools in spotlighting extreme short-term prices in a security. Buying when stock prices cross below the lower Bollinger Band often helps traders take advantage of oversold conditions and profit when the stock price moves back up toward the center moving-average line.

Above upper 2 sigma Bollinger Band: - Above Upper 2 Sigma would represent “highness” of the price relative to previous trades.

Below lower 2 sigma Bollinger Band: -Below Upper 2 Sigma would represent “lowness “of the price relative to previous trades.

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• Kindly follow below mentioned steps for lien marking of funds/ fund transfer to your trading account.
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Note: You can follow the below mentioned path to view demos for the Lien mark of funds. 

Home Page > Education > Demo

You can check the Lien amount under Home tab > Under Limits option. Here you can view the details of the lien amount marked by you.

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NFO Scheme: Select from the various NFO Schemes you wish to invest in.
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Amount:Fill in the total amount you wish to invest based on the Minimum Initial Amount and subsequent multiples.

NFO – New Fund Offer

A new fund offer occurs when a mutual fund is launched, allowing the firm to raise capital for purchasing securities .A new fund offer is similar to an initial public offering. It is available for a limited period.
NFO Scheme: Select from the various NFO Schemes you wish to invest in.
AMC (Asset Management Company): Based on the NFO Scheme selected, the AMC will automatically be reflected.
Category: Based on the NFO Scheme selected, the category will automatically be reflected.
NFO Start Date: Date on which the NFO has started.
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Minimum Initial Amount: Minimum amount required initially to place an order in a particular AMC for the particular scheme
Subsequent Amount (In multiples of): This indicates the smallest permissible additional purchase a fund will accept.
Folio Number: For placing fresh orders, it will be a New Folio. For the existing holding of a particular scheme, the existing folio number will be displayed.
Amount:Fill in the total amount you wish to invest based on the Minimum Initial Amount and subsequent multiples.

NFO – New Fund Offer

A new fund offer occurs when a mutual fund is launched, allowing the firm to raise capital for purchasing securities .A new fund offer is similar to an initial public offering. It is available for a limited period.
NFO Scheme: Select from the various NFO Schemes you wish to invest in.
AMC (Asset Management Company): Based on the NFO Scheme selected, the AMC will automatically be reflected.
Category: Based on the NFO Scheme selected, the category will automatically be reflected.
NFO Start Date: Date on which the NFO has started.
NFO End Date: Date on which the NFO will end.
Minimum Initial Amount: Minimum amount required initially to place an order in a particular AMC for the particular scheme
Subsequent Amount (In multiples of): This indicates the smallest permissible additional purchase a fund will accept.
Folio Number: For placing fresh orders, it will be a New Folio. For the existing holding of a particular scheme, the existing folio number will be displayed.
Amount:Fill in the total amount you wish to invest based on the Minimum Initial Amount and subsequent multiples.

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Yes. It varies for delivery and intraday/square off trade.

SSL Card Rate: 

**** STT In Case of Expiry / Exercise by Exchange is 0.125% on the gross value of the sell trade. Normal STT is applied if the client is squaring off his position on Expiry of the contract.

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Note :You can follow below mention path to view demos for the Lien mark of funds 

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You can check the Lien amount under Home tab >  Under Limits option you can view the details of the lien amount marked by you.

If there is an error “E-broking registration not available, Please contact customer care” while marking Fund Lien,

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If there is an error “E-broking registration not available, Please contact customer care” while marking Fund Lien.

Please check whether Internet Banking Facility & Third Party Transaction Rights of your linked bank account is active.

In case if the rights are not active please approach the linked Bank.

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• You will be redirected to your linked bank website, Put in your password and Click on Submit.
• Please click on Confirm option after verifying the details of your transaction.
• The window will show “Your Funds are successfully marked as Unlien for Trading”.

Note: You can follow below mentioned path to view demos for the Lien mark of funds. 

Home Page > Education > Demo

You can check the Lien amount under Home tab >  Under Limits option. Here, you can view the details of the lien amount marked by you.

You can only unlien those funds which are reflecting in your lien amount.

This happens when the unlien process is left incomplete and the same gets updated after 8:30 PM in your lien amount.

Please follow below mention path to get Client code :-

Go to Trade login > Forget Client code > Enter your Registered Email Id and PAN Card Number > Click on search. *You will receive your Client code on your registered Email Id.

Click on Forget password get new password > Enter your User name(same as client code)> Click on Search > Enter PAN card number > Click on Verify PAN > Enter the OTP (You will receive OTP on Registered Email id and Contact number.) > Click on Verify OTP > Enter New Password > Confirm Password > Click on Submit.

Check your Client Code.

Enter the PAN card number in CAPITAL.

After 30mins Click on Forget password get new password > Enter your User name (same as client code)> Click on Search > Enter PAN card number > Click on Verify PAN > Enter the OTP (You will receive OTP on your Registered Email id and Contact number.) > Click on Verify OTP > Enter New Password > Confirm Password > Click on Submit.

The Login ID (client code) provided to you is unique and hence cannot be changed.

Only “Equity” series is available. There is no provision for Derivatives / Currency Derivatives.

Equity option is represented by the abbreviation “EQ”.

You can view scrip details only for one particular scrip at any given point of time. Simply enter the name of the scrip in the rectangular box provided.

- Cash Flow Statement

- Key Financial Ratios

- Profit And Loss Account

- Balance Sheet

1. Principal sub-headers are as follows:-

    a. Description: It is a summary of the particulars.

    b. Graph: It is a bar chart representation of the trend over 5 years (positive changes are indicated in green, whereas negative changes are indicated in red).

    c. Year: Statistics over a 5 year time horizon (I.e. current year + preceding 4 years) can be viewed beginning with the current or most recent year (a total of 5 columns) e.g Year 1 corresponds to the latest year and preceding years correspond to Year 2, Year 3, Year 4 and Year 5 respectively.

2. Scroll down option highlighted in yellow at the right-hand corner of the screen can be employed to view additional particulars.

3. Column headers are interchangeable and can be assigned at your discretion by using drag and drop option.

4. Important/main particulars (headings) under “Description” are highlighted in red.

As the number of particulars is on the higher side, you cannot view all the particulars in a single window. You would be required to use the scroll down option highlighted in yellow at the right-hand corner of the screen to view additional particulars.

Under the “T+5” concept, you can buy shares through our trading platform by paying a margin; you can either square off your position or can take delivery of the stocks (by paying additional funds) in this five day period till the square off time specified by SSL.

Salient features of T+5:

1. The client can buy shares and extend positions till T+5 day.

2. Clients can clear the debit balance resulting due to trades executed under this product not later than 5 days from the date of settlement.

Debit Balance outstanding for more than 5 days from settlement day will be considered for calculating the amount to be recovered from the client. A suitable markup (e.g. 3%) will be levied on such a debit balance to recover the brokerage and other statutory charges. A markup will also factor in a probable drop (e.g. 1%- 2%) in the share price on the day of the square off.

The T+5 facility is enabled for equity segment ONLY.

You can select your desired order type as Limit, Market, SL-L or SL-M.

Yes. While placing an order you can do so in the Order preview panel by clicking on CANCEL if you want to make some changes. Else, click on CONFIRM. Also, open orders can be modified from the order book.

Yes. On the day of order placement, the same can be viewed from Order Book.

To begin with, securities of the client lying in the hold/pool account (member beneficiary account where the securities of clients having debit balance are kept on hold) of SSL will be considered for selling. Securities lying in hold/pool account will be selected based on FIFO method to ensure that securities which were purchased first are sold first by SSL under auto square off process. Where more than 1 security is purchased on the same date, security for square off will be selected at random.

Once all the securities of a client are sold from the hold/pool account of SSL, we will consider the securities lying in DP account maintained by the client with SSL. Securities will be selected from the DP in the descending order of their holding value.

The client is liable to clear debit, if any, in his ledger immediately. However, SSL provides a facility to their clients to clear the debit within 5 working days from settlement day. If the client fails to clear the debit within the stipulated time, SSL may sell shares held on behalf of the client in Hold/Pool account or in his/her DP Beneficiary account to clear the debit.

The value of shares sold will be to the extent of the debit. Loss, if any, on account of selling of shares would be the sole responsibility of the client. Though SSL provides a facility to their clients to clear their debit within 5 days from settlement date, this does not absolve the client from their obligation to clear the debit in case of a fall in the price of the security.

SSL reserves the right to sell the shares in case where margin available with client falls below the threshold limit as prescribed by SSL from time to time within this period. SSL also reserves the right to demand from the client, additional margin or payment of debit balance during this period, failing which SSL may sell the shares of the client and reduce/clear the debit.

In case collateral benefit is enabled, you can place T+5 order against collateral also. You don’t require clear cash margin. Please note that the collateral value will be after applying the haircuts as prescribed by SSL from time to time.

Yes, Delayed Payment charges will be applicable on the debit balance from the day following the settlement day till the clearance of debit @ 17%  or any other rate as prescribed by SSL from time to time.

Delayed payment charges will be levied from T+2 day onwards (T being the trading day) till the total amount is cleared.

Yes, you can convert Delivery position to T+5 as it requires lesser margin than that of delivery provided the stock is in approved list of securities as prescribed by SSL.

Yes, you can convert intraday order/trade to T+5 provided the stock is in approved list of securities as prescribed by SSL.

You can place T+5 order through the website by using “T+5” option in product type.

You can place T+5 order through SBISMART XPRESS terminal by using “NRML” option in product type.

Click on Positions>Action >Product Conversion.

Click on Net position > Day Wise > Product Conversion.

Currently, the market participants (Broker) have to settle trades through the clearing corporation (CC) owned by the bourse on which the trade was executedviz. NSE Clearing (formerly the National Securities Clearing Corporation), a wholly-owned subsidiary of the NSE, is responsible for clearing and settlement of all trades executed on the NSE similarly, Indian Clearing Corporation, incorporated in 2007, handles the activity for the BSE; and Metropolitan Clearing Corporation of India settles transactions for the MSE. The CC also manages deposit and collateral management and risk management functions.

An expert Committee constituted by SEBI in November 2018, under the Chairmanship of Shri K V Kamath, had, inter alia, examined the ‘Viability of Interoperability between different Clearing Corporations’. Thereafter, SEBI Board approved suitable amendments to the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations to, inter alia, enable interoperability among clearing corporations vide SEBI circular No. CIR/MRD/DRMNP/CIR/P/2018/145 dated 27.11.2018. SEBI also mentioned “Stock Exchanges and Clearing Corporations shall adhere to aforesaid guidelines and accordingly, take all necessary steps to operationalize interoperability at the earliest.

The interoperability would permit trading members to clear trades through any one clearing corporation of their choice instead of going through the clearing corporation owned by the bourse. Hence,

1. It allows market participants to consolidate their clearing and settlement functions at a single CC, irrespective of the stock exchange on which the trade is executed.
2. It will help in optimal utilization of margin in the securities market by employing multilateral netting, which will enable them to participate in a wider range of trading platforms
3. It aims to protect the collateral that investors deposit with clearing corporations and shield them against systemic failures
4. It is envisaged that this proposal may lead to efficient allocation of capital for the market participants, thereby saving on cost as well as provide better execution of trades.
5. Interoperability also brings in a mechanism to separate the execution risk from the settlement risk, whereby market participants can seamlessly square off their positions in case of stock exchange outages, provided the product is available for trading on other stock exchanges.
6. In addition to the benefit of savings on cost, it enhances competition among CCPs in terms of price and services they offer.
7. Currently, margins are calculated on an individual client’s portfolio level in a given segment for a particular exchange, under the interoperability framework of an individual client’s portfolio would comprise of his net positions in securities across exchanges.

Products Eligible for Interoperability

1. Equity Cash Segment
2. Equity Derivatives Segment
3. Currency Derivatives Segment (including Interest Rate Derivatives)
4. ​Debt segment

• Products Not Eligible for Interoperability
•  

1. Commodity Derivatives Segment
2. Tri-party Repo
3. Securities Lending & Borrowing
4. Order Collection Mechanisms/Schemes:

•     Offer for Sale, 
•     Mutual Funds Service Schemes
•     Buy/Back/Tender Offer Schemes,

1. Non-competitive Bidding (G-Secs)
2. Primary Bidding of SGB, etc.

• SBICAP Securities Ltd has selected NSE Clearing Ltd as its Clearing Corporation.

• Yes. An investor trading through the same broker across exchanges will be eligible for netting benefits for his trades in a given security across exchanges.

The futures have to be the same underlying and same expiry.

The options have to be the same underlying, same type (Call/Put), same expiry and same strike.

Currently, margins are calculated on an individual client’s portfolio level in a given segment for a particular exchange. However, under interoperability, margin requirement shall be netted at level of individual client, for trades across exchanges, An individual client’s portfolio would comprise of his net positions in securities across exchanges in the case of the Equity Cash Segment. Similarly, the portfolio would include his net positions in all the futures and options contracts across exchanges in the case of Equity Derivatives and Currency Derivatives segments.

Currently, brokerage and charges (STT & Stamp Duty) are calculated in a given segment for a particular exchange based on client's net pnitian i.e. if the client has a purchases position in NSE CM and sell position in BSE CM the brokerage and charges (STT & Stamp Duty) are levied as per delivery. However, under interoperability it shall be netted at level of individual client for trades across exchanges and intra-day brokerage and charges (STT & Stamp Duty) will be charged.

CC will continue to levy margins upfront on an on-line real-time basis at the time of trade for all exchanges by adjusting against available common collateral limits of Clearing Members and common notional limits of the Trading Members.

There will be no change in the margin models or risk parameters.

No. There is no new margin being introduced specifically for Interoperability

No, the Clearing Member won’t be required to earmark collateral separately for each exchange.

Yes. All processes that are currently applicable under the current scenario will continue to be applicable for trades executed on another exchange

The Daily & Final Settlement price shall be common across Exchanges and CCPs.

Yes, The Clearing member has a choice to select different CC for different Segments. In other words, for one segment, Clearing Member can select only one CC. However, SSL has selected NCL for both Cash and Derivatives segment.

No. There will be no change in the settlement process of Equity cash & Derivatives segment. Settlement will be effected in accordance with the Settlement Calendar issued by CC from time to time for the respective segment, the settlement will be based on the consolidated position of the trades done by the trading members (settling through such Clearing member) across multiple Exchanges

Yes. The settlement will be netted except for trades in Trade for Trade securities.

There will be no changes to the existing settlement numbers. Settlement number of the respective CC shall prevail (If NCL is CC then Settlement No of NCL will prevail)

Yes, the position will be eligible for calendar spread margin benefit.

Yes, you will be charged Crystallised Loss Margin to the extent of the offsetting position.

(The loss arising on account of squaring off /closeout of open positions is intraday crystallised loss)?

Yes, you will be charged Crystallised Loss Margin to the extent of the offsetting position. However, all the other applicable margins (Initial Margin, ELM) will be released.

Yes, NOV of a portfolio is calculated as the Long Option Value minus the Short Option Value (irrespective of which exchange the options trades have been executed). A positive NOV will continue to reduce your SPAN Margin Requirement while, a negative NOV will continue to increase your SPAN Margin Requirement.

Yes

Yes. Put in RRM at 85% collateral utilisation & moved back to normal mode when utilisation goes below 80%.

With respect to Segments forming part of interoperability, Client financial ledgers will be prepared Segment wise and consolidated across Exchanges. (For instance, in case of CM, FO & CD Segment, Stock Broker shall maintain separate ledger for CM Segment across all Exchanges & separate ledger for FO segment across all Exchanges & separate ledger for CD segment across all Exchanges).

The bills posted shall mention the relevant Clearing Corporation’s (CC) settlement number, as available.  With respect to other Segments/products which are not part of interoperability of CCs, Stock Brokers shall continue to follow the existing practice

CC wise separate pool a/c in depository system will be required for settlement purpose.

No, NRIs cannot undertake intra-day transactions in cash segment.

Stock Brokers shall consider the free & unencumbered consolidated balance across all segments.