Liquidbees/pledge questions

[ShubhS9]

@starttrade

• My question is if I have Rs.50k in my account, i go ahead and buy 50 Liquidbees. My cash balance is now Rs. 0 and Liquidbees balance is Rs. 50k. Now I am waiting for ITC to hit 180. Can I put in a buy order for ITC at 180 x 100 shares and then if my target hits, i go ahead and sell the Liquidbees equivalent? And if the target does not hit the order is cancelled.
• What if the target hits at 15:29 hrs. Can I sell Liquidbees after market hours to fulfill my obligations?

You will need funds in account to place Buy order for ITC, not having funds will result in your order getting rejected due to insufficient funds.

Also, Liquidbees cannot be sold after market hours.

@starttrade

In case of Derivatives, my entire margin required can come from Liquidbees? Only the daily loss, if any, will be taken from my cash balance?

Yes, your entire margin can come from Liquidbees as these are considered as cash equivalent. But this margin cannot be used to settle your losses or charges arising from trading, for that you will need cash in your account.

For Q2, Q3, everything has been explained in detail here: Everything you need to know about Liquid Exchange Traded Funds (ETFs)

@starttrade

Looking as the Liquidbees chart, price above Rs. 1000 is red (loss?) and below is green (loss?)

Price of Liquidbees stays constant at 1000, looking at fluctuations in charts isn’t of any help.

@starttrade

In the pledge Zerodha how-to, to pledge I have to go to Console > Porfolio > Holdings. > mouseover share I want to pledge > Option > Pledge >

The process to pledge securitues you are holding has been explained in detail here.

@starttrade

Are the shares pledge-able T+2?

You will be able to pledge securitues only after they are credited to your Demat account on T+2 days.