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Sharekhan Demat Trading Account
Updated 25-Jan-2015
Haircut - The percentage by which the market value of your shares is reduced for the purpose of calculating capital requirement, margin and collateral levels by your broker. e.g. If the market value of your shares is 5000 Rs and the haircut is 50% then you have a margin of 2500 Rs available for trading which can be used to buy more shares.
DP Balance - Stocks which are delivered to your Demat account. Sharekhan cannot sell them without your permission.
Receivable Balance - Shares which are going to come to your Demat account after T+2 days. This may be used for BTST ( Buy Today Sell Tommorow). Shares of some companies are not available for BTST trading.
DP Margin Balance - DP margin balance is the percentage value of shares against which you get a margin ( Read Haircut ). If you don't pay cash for the shares which you buy (new order) then Sharekhan can take shares from your DP Margin balance.
Net Available Balance - Shares which belong to you and you can hold them as long as you want or you can sell those shares.
SK Locked - If you place a Sell order for 5 Infosys shares, 5 shares from your Net Available Balance show up here. If your sell order is sucessful, Sharekhan will remove those 5 shares from SK Locked.
Market Order - An order to buy or sell stock immediately at the current market price. Market orders are used when certainty of execution is a priority over price of execution.
Limit Price Order - Price for the order has to be specified while entering the order into the system. This is different than Market Price Order where you don't specify the order price. The limit order gets executed only at the price which you have specified or at a better price (i.e. a price lower than the limit price in case of a purchase order and a price higher than the limit price in case of a sell order).
e.g : Limit Buy Order : Current Market Price is 455 and you want to buy at 450 then leave the trigger price blank and enter limit price as 450. The order will be executed once the price is equal to or less than 450. Vice-a-versa for Limit Sell Order.
Stop Loss (SL) Order - Gets activated when LTP (Last Traded Price) reaches the trigger price. The stop loss order is triggered and enters into the system as a market or limit order (depends on what you select) and is executed at the market price or limit order price. You can use stop loss for both buying (Stop loss buy order) and selling (Stop loss sell order).
How to place a Stop loss while short selling - If you want to stop loss at 350, then place a buy order with limit (if in case of market order you dont specify the limit price) 350 and a trigger price of 345. If the trigger price is hit or goes above 345 your stop loss order is activated at the exchange and execution will happen between 345 and 350.
If the price jumps from 344 to 351, the order will be sent to the exchange but wont be executed because the limit price is 350. If the price falls from 351 directly to 348, your order will be executed.
If you give a stop loss with market order, then as soon as the scrip hits stop loss (e.g. 345), the order gets executed AT the available market rate.
Disclosed Quantity - An order with a disclosed quantity allows you to disclose only a part of the order to the market. This is only useful if you want to buy or sell shares in very huge quantities. e.g. If you want to buy/sell 1000 shares, you enter disclosed quantity as 200 which means your order of 200 will be displayed to the market. Once those 200 shares are traded another 200 will be displayed to the market and so on till the whole order is executed.
If you have more questions or doubts, ask them in the comment section below.
DP Balance - Stocks which are delivered to your Demat account. Sharekhan cannot sell them without your permission.
Receivable Balance - Shares which are going to come to your Demat account after T+2 days. This may be used for BTST ( Buy Today Sell Tommorow). Shares of some companies are not available for BTST trading.
DP Margin Balance - DP margin balance is the percentage value of shares against which you get a margin ( Read Haircut ). If you don't pay cash for the shares which you buy (new order) then Sharekhan can take shares from your DP Margin balance.
Net Available Balance - Shares which belong to you and you can hold them as long as you want or you can sell those shares.
SK Locked - If you place a Sell order for 5 Infosys shares, 5 shares from your Net Available Balance show up here. If your sell order is sucessful, Sharekhan will remove those 5 shares from SK Locked.
Sharekhan Trading FAQ
Market Order - An order to buy or sell stock immediately at the current market price. Market orders are used when certainty of execution is a priority over price of execution.
Limit Price Order - Price for the order has to be specified while entering the order into the system. This is different than Market Price Order where you don't specify the order price. The limit order gets executed only at the price which you have specified or at a better price (i.e. a price lower than the limit price in case of a purchase order and a price higher than the limit price in case of a sell order).
e.g : Limit Buy Order : Current Market Price is 455 and you want to buy at 450 then leave the trigger price blank and enter limit price as 450. The order will be executed once the price is equal to or less than 450. Vice-a-versa for Limit Sell Order.
Stop Loss (SL) Order - Gets activated when LTP (Last Traded Price) reaches the trigger price. The stop loss order is triggered and enters into the system as a market or limit order (depends on what you select) and is executed at the market price or limit order price. You can use stop loss for both buying (Stop loss buy order) and selling (Stop loss sell order).
How to place a Stop loss while short selling - If you want to stop loss at 350, then place a buy order with limit (if in case of market order you dont specify the limit price) 350 and a trigger price of 345. If the trigger price is hit or goes above 345 your stop loss order is activated at the exchange and execution will happen between 345 and 350.
If the price jumps from 344 to 351, the order will be sent to the exchange but wont be executed because the limit price is 350. If the price falls from 351 directly to 348, your order will be executed.
If you give a stop loss with market order, then as soon as the scrip hits stop loss (e.g. 345), the order gets executed AT the available market rate.
Disclosed Quantity - An order with a disclosed quantity allows you to disclose only a part of the order to the market. This is only useful if you want to buy or sell shares in very huge quantities. e.g. If you want to buy/sell 1000 shares, you enter disclosed quantity as 200 which means your order of 200 will be displayed to the market. Once those 200 shares are traded another 200 will be displayed to the market and so on till the whole order is executed.
If you have more questions or doubts, ask them in the comment section below.