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.

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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.

  4. Abdul Majeed

    hello TOS team,
    I placed a CO from Sine. I want to place a take profit order. How is that possible? consider my Trade price is 190 stop loss is 188 and i want a take profit order to be placed at 191. Please advice

    1. Trade Smart Online

      Hi Abdul,
      In case you want to place profit order separately then you would be charged margin again as the profit order is considered as a new order. We would suggest you to place Bracket order wherein you can place your buy/sell order along with the stop loss as well as target order simultaneously. According to your example, Bracket order will help you to place all the three order simultaneously i.e your buy order at 190, stop loss at 188 and also a target profit order at 191.

      1. Abdul Majeed

        Hello TOS team,
        Thank you for your reply.

        My enquiry is regarding MCX. And I suppose there is no BO for MCX. So to place a Take Profit order for a cover order, for example Zinc or Lead, how much margin should I have?

        Suppose, I place a buy order CO for Lead at 144.0 with a SL @ 143. Then i have to place a new order right? What type of order is that? Can you please eloborate?

        Your response highly appreciated.

        Thanks and regards
        Abdul

        1. Trade Smart Online

          Hi Abdul,
          Firstly, we would like to inform you that Cover order(CO) is the 2 leg order where in you can place only 2 orders ie. Buy/sell in first leg and stop loss in second leg. You cannot place profit order along with CO. In case of CO if the market is at your expected profit level then you can always exit your CO. By exiting your CO, second leg will execute at market price instead of 143 stop loss and you could book profits. Just want to inform you that we are working on Bracket Order for MCX too and soon will be launching the same. Hope your query is addressed.

          1. Abdul Majeed

            Hello TOS Team,
            Greetings of the day!

            I appreciated your quick response. But please study the context and understand my question. Please find the brief below.

            My Question :
            hello TOS team,
            I placed a CO from Sine. I want to place a take profit order. How is that possible? consider my Trade price is 190 stop loss is 188 and i want a take profit order to be placed at 191. Please advice

            Your Reply:
            Hi Abdul,
            In case you want to place profit order separately then you would be charged margin again as the profit order is considered as a new order. We would suggest you to place Bracket order wherein you can place your buy/sell order along with the stop loss as well as target order simultaneously. According to your example, Bracket order will help you to place all the three order simultaneously i.e your buy order at 190, stop loss at 188 and also a target profit order at 191.

            My followup:

            Hello TOS team,
            Thank you for your reply.

            My enquiry is regarding MCX. And I suppose there is no BO for MCX. So to place a Take Profit order for a cover order, for example Zinc or Lead, how much margin should I have?

            Suppose, I place a buy order CO for Lead at 144.0 with a SL @ 143. Then i have to place a new order right? What type of order is that? Can you please eloborate?

            Your response highly appreciated.

            Thanks and regards
            Abdul

            Your reply:
            Hi Abdul,
            Firstly, we would like to inform you that Cover order(CO) is the 2 leg order where in you can place only 2 orders ie. Buy/sell in first leg and stop loss in second leg. You cannot place profit order along with CO. In case of CO if the market is at your expected profit level then you can always exit your CO. By exiting your CO, second leg will execute at market price instead of 143 stop loss and you could book profits. Just want to inform you that we are working on Bracket Order for MCX too and soon will be launching the same. Hope your query is addressed.

            My query is not addressed.
            As you said since there is no BO available at the moment for MCX, you can place a Take Proft order by using my margin. Please eloborate what order is this. and what is the margin required.

            Suppose, I place a buy order CO for Lead at 144.0 with a SL @ 143. Then i have to place a new order right? What type of order is that? Can you please eloborate?

            Hope you understand.

            Thanks in advance.

            Abdul

          2. admin Article Author

            Hi Abdul
            Apologies for the confusion. Request you to please ignore our earlier comment about another order type. We should have explained that in a better way. Hope we do a better job this time.

            The cover order is a 2 leg order where in 1st leg will be your buy or sell order and 2nd leg will be a stop loss order. Since, cover order is a 2 leg order, you cannot place a target or profit order. This is a limitation with Cover Order and you’ll need to manually square off the the open Cover Order position once it reaches your target.

            ​Your requirements shall be fulfilled with bracket order which we are going to launch very soon. This will help you to place all the three order simultaneously i.e your buy order, sell stop loss and target/profit sell orders.

            Using MIS or any other order type for this will not be advisable as
            1. MIS order will be considered as a new position and your Cover Order position will stay open. This will lead to additional margin getting blocked as if it was a fresh position.
            2. The MIS and the Cover Order positions both will need to be squared off separately.

            So the suggested options would be either of the below
            1. Square off your cover order position manually
            2. Wait for Bracket Order if you don’t wish to do that
            3. Use MIS for all 3 legs of the order. All 3 orders will need to be placed separately in this case. The margin requirement would be higher. And you’ll need to remember to manually cancel the other order leg if either of your target or SL order get executed.

            Hope we did a better job in explaining this time. Please let us know in case you still have any questions.

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