I want to do trading like this.
First Buy later sell nifty index future for Oct 2015 and first Sell later Buy(reverse trading) nifty index future for Nov 2015.
How much money do i need in my account for both intraday and for upto expiration date(entire month).
Is it 2,70,000 or 5,40,000 for MSIL.
Is it 6,70,000 or 13,40,000 for Normal.
As per the Margin calculator( for 1000)
NIFTY: 29-OCT-15 - 2,70,000 (Approx)
NIFTY: 26-NOV-15 - 2,70,000 (Approx)
NIFTY: 29-OCT-15 - 6,70,000 (Approx)
NIFTY: 26-NOV-15 - 6,70,000 (Approx)
If you want to do this strategy than you have to buy 3 lots in oct ( because lot size has changed to 75) in nov , so you buy 75 shared in oct and shorted 75 shared in nov, as you position is completely hedged, your margin requirement is approx 16500, but that does not mean that you cannot buy less than 75 shares or 3 lots in oct , you can buy even one lot or 2 lot in oct and shorted 75 shares( one lot but equivalent to 3 lots of oct) in nov, the margin which i states you above is when your position is completely balanced and hedged( sames number of quatatity in different months) if you have to unbalanced the position , margin will change according to it
hmm… confused with what you are trying to ask: First Buy later sell nifty index future for Oct 2015 and first Sell later Buy(reverse trading) nifty index future for Nov 2015.
:). i am trying to do 2 tradings for intraday. one is buying NIFTY: 29-OCT-15 at 9: 15AM and selling at 3:20 PM.
Second is selling NIFTY: 26-NOV-15 at 9:15 AM and buying at 3:20 PM. I am doing both in the same day i.e for intrady. So how much amount do i need to do like this. Are you considering one side only… means 2,70,000 or 2,70,000 +2,70,000 ?.
Not sure how it is called? is it hedging?. In hedging zerodha considering only one side trading amount or both sides?
I think hedging is the correct word. above i mentioned amount. I will explain the same thing in lots.
For intraday as per yesterdays price and span calculator.
NIFTY: 29-OCT-15 - 25*42(lots) = 1050 = 42(lots)6301(as per span calculator per lot) = 2,64,642.
NIFTY: 26-NOV-15 - 7514(lots) = 1050 = 14(lots)*19005(as per span calculator per lot) = 2,66,070.
Now tell me how much amount do i need?
2,66,070 or 2,64,642 or 2,66,070+2,64,642.?