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Trading of shares online

Kannan M (Consultant) (85 Points)

16 February 2009

I have demat & trading a/c. I am the beginer to share market. My question is : I purchase shares of a particular company i.e. wipro at the rate of Rs. 250 at 11 am. Is it possible to sell wipro shares on the same day at around 12.30 pm when the rate increases to 260. So that I can make a profit of Rs. 10. Can share market related people answer my query. What is the procedure to do so. For this whether online is required. Whether I have to keep some marginal amount as deposit in my trading a/c. Please clarify?

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24 Replies

jignesh (tax consultant) (32 Points)
Replied 16 February 2009

i m purchase nifity put 2800 purchase 63.5 so hold / sell ?

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Bijoy N.Momaya (www.RupeeResearch.com (Eqty Advisory & Stock Broker)) (477 Points)
Replied 17 February 2009

Yes Kannan,, you can do it,, its called as intraday trade,, You can sell the shares on the same day,, but be careful with the catogory of the companies,, T catogories,, n other catogry companies cannot be traded for intraday,, Wipro is A catogory company,, so u can do intraday trade in wipro

Bijoy N.Momaya (www.RupeeResearch.com (Eqty Advisory & Stock Broker)) (477 Points)
Replied 17 February 2009

Jignesh,, hold ur puts till 2500 levels on nifty

CA Mohit Agarwal (Chartered Accountant) (1025 Points)
Replied 17 February 2009

Hi kannan

It is not necessary whether you have online trading account or not. At any point of time you can trade.

jay prakash heerwal (Service) (450 Points)
Replied 24 February 2009

Hi kannan

yes u can do. this process is called intra-day trading (fatka). it is not neccesary to have online trading account. you can settle your intraday trade at any time u want between trading hours. i.e. 9.55 a.m. to 3.30 p.m.

margin will have to keep with your broker or not, its totally depend upon you & your brokers mutual understanding.

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Kannan M (Consultant) (85 Points)
Replied 25 February 2009

Thanks Mr. Jay Prakash Heerwal.

I would like to know whether I can do intra day trading in all groups or only A, B, C Groups.

Please reply.

akhi kashyap (ceo) (48 Points)
Replied 19 February 2010

can someone suggest some good online trading platform for me

here?

i am into online trading of stocks and shares.

also i would like to know if mobile trading is possible with the

platform ?

as i stay out of india many times!

what about Reliance Supertrader?is it good?

Vchoksy (Proprietor) (22 Points)
Replied 02 March 2010

Mr Kashyap,

Almost all brokers in India offer online trading solutions. Their systems are robust and except for a few minor differences, the functions are the same. As the connectivity is achieved over the internet, you need not worry about travelling abroad as you can login from any part of the world with a broadband connection and trade away.

ODIN Diet is a popular software being offered by most brokers for online trading apart from other proprietory softwares and vendor softwares like Tradeanywhere, Powertrader, etc.

As for mobile trading (trading through mobile phone)... its still in a nascent stage. A few big brokerage houses do offer the services, but apart from price updates and live tickers, the mobile trading concept hasn't really taken off.

You can check out https://www.investvista.com for a reliable online trading solution.

Tradebull

pawankumar (investor) (109 Points)
Replied 05 March 2010

mr vchoksy is right.but i am looking for live scrip quotes and many added features like Intraday charts, live news, Live Market Statistics, World Market Summary .

do trading softwares and platforms like monry bhai investor,reliance money super trade and angel broking compare to eah other in these points?

nifty future (e) (37 Points)
Replied 05 March 2010

Nifty Future, Nifty Option, Jackpot Call, BSE/NSE Equity/Cash Tips, Stock F&O

For 3day free TRIAL Register @ www.niftyfutureniftyoption.com

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meera krishna (senior trader) (59 Points)
Replied 08 March 2010

guys alomost every online trading platform gives real time stock quotes...let me give you

some examples.

Sharekhan:Real-time Portfolio tracking

icici direct:The status of buy/sell orders can be obtained by clicking on the ‘Order Book’.

The order book will furnish details of all the buy/sell orders alongwith with the status of

each order. The report will be as follows and is updated real-time.

Reliance money super trade:With access to Rmoney.mobi on the mobile you can now place and

track your order in BSE and NSE on real time basis. This facility is available to Reliance

Securities Trading account holders across all mobile platforms independent of device,

operator and the underlying carrier technology.

what you feel is good?

1 Like

pawankumar (investor) (109 Points)
Replied 09 March 2010

thanks for the info meera.

what about portfolio mgmt services of reliancemoney super trade?
is it good than other platforms?

pawankumar (investor) (109 Points)
Replied 10 March 2010

moreover,Do online platforms like kotak securities,hdfc and reliance money super trade provide you

the flexibility to apply in ongoing IPOs through either online or offline channels or for

applying online you doneed to fill tedious forms and write cheques?can i apply conveniently

in IPOs from the comfort of your home / office through our Website/PIB. For applying

offline, do i have to contact the Relationship Manager/ Service Branch?

akhi kashyap (ceo) (48 Points)
Replied 11 March 2010

hey i dont know much about reliance money super trade ,hdfc and kotak securities in this regard but what you are talking about is precisely true for indiabulls...i guess you are using indiabulls for online trading newbie?