When placing an order, you need to select a product code. These product codes identify the category of the order. For example, you can place the below mentioned order types,

  1. CNC – For trading Equity in delivery
  2. MIS – For trading Equity & F&O in intraday
  3. NRML – For trading F&O, Currency and Commodities for overnight position. Since these positions are not intraday positions, the margin requirements for these will be as per the overnight margins. Also, they will not be squared off by our system at the end of the trading session.

    In case of equity delivery trades, NRML can be used in EquiMax product to get upto 4 times exposure in equity delivery. EquiMax (product code NRML for cash segment) is available only with NEST and now available with NOW. To learn more about EquiMax please visit our article on EquiMax.

To learn how to place the orders you may refer to our video tutorials.

  • Was this Helpful ?
  • Yes   No

Comments

  1. Ninad

    What is the charges for Nifty Future Intraday? In brokerage calculator its only given for delivery. And I feel the brokerage is too much for an intraday.

    1. admin Article Author

      Hello Ninad,
      We have 3 pricing plans. For F&O, we’d suggest Rs 15 per order or the unlimited trading per month plan. For Rs 1899 per month you can trade unlimited in cash and F&O.

      If you could let us know your contact details on our website we can arrange a call back for you.

  2. Trade Smart Online

    Hi Mekala,
    Please follow the below link for Brokerage change request form:

    http://help.tradesmartonline.in/list-of-forms/

    Copy paste it in your email body> Fill the details > Write your name in front of the plan you wish to choose > Mail it to [email protected]

    1. admin Article Author

      Hi Mukesh,
      When placing an order, you need to select a product code. NRML is one of the product codes. These product codes identify the category of the order. The order could be intraday (MIS), equity delivery (CNC – Cash and Carry), NRML (Normal) etc.

      NRML is used for F&O, Currency and Commodities for overnight positions only. Since these positions are not intraday positions, the margin requirements for these will be as per the overnight margins. Also, they will not be squared off by our system at the end of the trading session.

      In case of equity (cash segment), normally NRML is not available with most other brokers. However, we’ve introduced a facility where you can get a higher exposure for delivery too. We’ve named this product EquiMax. To learn more about EquiMax please visit our article on EquiMax.

      EquiMax (product code NRML for cash segment) is available only with NEST and now available with NOW.

      In case you still have any query please do let us know.

    1. Trade Smart Online

      Hello Mahesh,
      You can send an email to [email protected] for amount refund. This will be processed by weekend. Alternatively, you can also link the bank account to get the credits into your trading account.

    1. Trade Smart Online

      Hello Rao,
      The EquiMax funding facility is available for value (0.07 paise) and power (Rs.15 per executed order) plans only. We request you to select brokerage plan based or your turnover and trading pattern. For a better idea of the statutory charges applicable, please refer to our brokerage calculator.

    1. Trade Smart Online

      Hello Vikarm
      It seems that you are referring to an intraday trade. While selling you can place a sell order and need to select the same product type(MIS, CNC or NRML) in which you bought. This will square off your position. If the sell order product type is different then system considers as different order and blocks your extra margin. You can also square off your position from admin position > select the trade that you placed > click on square of button at the bottom right corner of desktop trading software. You may also use our online chat support available on our website for further assistance.

  3. Jk Sharma

    Suppose that I buy 1 lot of NIFTy future at price 8800 after 10 days sell the position at 8900. How many pay to brokerage and if any interest cost for 10 days
    Please send answer

    1. Trade Smart Online

      Hello Mr. Sharma,
      For futures contracts you are required to maintain margin when you buy any lots. Suppose Nifty future contract carry forward margin for 1 lot is Rs.50,000 then you are required to have full amount of Rs.50,000 to enter into the contract for 10 days ad per your example. Future contracts settles on daily basis and MTM(Mark-to-market or P&L) will be booked in your trading account on each day till next 10 days. By any means if your account is in negative balance then you are required to pay margin shortfall charge.
      For the better understanding, you may refer our knowledge base article on Margin shortfall penalty.

      To know how much is the brokerage charged, please refer Brokerage calculator.

    2. admin Article Author

      To add, it is mandatory to maintain the margin as per the SEBI guidelines. In case of a margin shortfall there are huge margin shortfall penalties.

      As far as the brokerage is concerned, you may refer to the brokerage calculator as mentioned above. However, for an example, if you’ve chosen the Rs 15 per order brokerage plan then the brokerage would be Rs 30 (Rs 15 for buy + Rs 15 when you sell).

      Please let us know in case you have any other queries.

    1. Trade Smart Online

      Hi Kalpesh,
      You can place Sl order in MIS in Sine mobile app.
      Below example lets you know the difference between SL and SL-M.
      Example: If you bought abc share at Rs.100 and placed SL sell order at 98(Trigger price at 98.10), in this case once the market hits to 98.10 then your sell SL order will get triggered and complete order at the price between 98 and 98.10.
      In case of SL-M, you are required to mention only the trigger price for sell order. If the market touches to trigger price then your order will get execute at next best price in the market.

Ask a question