You can put it on ticket on same day you face next time and ping me ticket number.
Can a MAX QUANTITY that can be traded with the available margin be added to the order window.
It would be convenient option for traders who wish to utilize the entire margin to trade.
No plans of doing that.
Already we show margin required and also we believe buying options with available full capital is not recommended so may not show it.
@siva-reddy responded back to you with my ticket, its been like close to 2-3 weeks since I raised it and response from support has been terrible. Sorry that I have to raise support issues consistently on tradingqna, as response is slow and mostly ineffective.
Can you give your ticket number?
On kite you see margins based on 2.30 span file on T day but exchange publishes eod(end of day ) file at around 6 pm and based on that margins are reported and it will show up for next day hence sometimes one can see some differences.
Ah… Siva, but unfortunately In my case on few days that difference has been in range of 3-5 Lakhs.
Cant we raise this to Exchange as this leads to sub optimal capital allocation.
Or Zerodha provide their own guess estimate?
Agree with you, we don’t provide any guess estimate. I personally would suggest to have 5 to 10% extra cash to act as buffer.
Thank You. Appreciate your support.
I had raised a support ticket for the below problem. But I am interested to hear from fellow traders whether my understanding related to below trades is correct (w.r.t new margin requirements and hedging). Also whether any one else faced such problems.
The margin displayed in the kite order window is wrong by more/less than 1-2 lakhs (for 3-4 lots) in the following scenario.
1.) nifty futures short
2.) nifty options call buy - to hedge the above short
3.) nifty options put short - (can be considered another hedge)
the orders are placed in the above ORDER. For the 3rd order the kite order window shows margin as ‘30k’ only. the same is reflected in the zerodha margin calculator as well.
This works fine if, I have a single short position as described above.
However if I have multiple short positions including some other CE sell, I tried for last two days and kite margin calculator gives margin as ‘30K’ and available funds in account more than 1.5L still the order is rejected saying funds not available.
I understand, there can be small differences between margin displayed in KITE order window and actual margin. But in my case even if i have 3L, and the margin says 90K for 3 lots of shorting PE nifty, the order gets rejected saying Funds unavailable. (there the total margin seems to be showing as higher)
@siva-reddy @nithin Today my available margin at 3:30 pm changed from +3.5L to -3.7L at 4:02 pm update (after i think 3:30 snapshot.)
I am at real loss how can NSE change the margin snapshots (SPAN+exporsure) so abruptly …
Is there a way to raise this NSE or SEBI?
Nse updates margin 5 times during the day, during trading hours last time it will be updated is at 2.30 pm, at around 4 we update another span file so margins after 3.30 can change according to 4 pm file. This is how it is all these years.
Siva I agree, but spans changed way to aggressively, I think they need to have some kind of indicator before market close on positions/margin, as now I cannot make any changes and might be liable to huge penalty.
It is based on market movement from 2.30 to 3.30 so nothing can be done about this, anyhow now you can transfer money to match increase to escape penalty.
Wish Life could be that simple Siva!
Between it seems there was some issue with console today during afternoon, pledge margin option was not available. Has that been resolved and can we pledge now?
a) Yup, the margins change way too much post-market these days. Last month, I’d kept 2L post market on 13th, then during the night it changed to around 70k, and then the next morning, it showed a shortfall of 10k. I immediately covered it, but got charged a penalty (not a big amount but still). Another thing was that the margin penalty appeared on my ledger a week later and not the next day or day after. I think Siva had mentioned sometime back that the exchange was a bit late sending the margin files or something during those days, so maybe it was due to that. Either way, I’ve started leaving more amount than usual these days.
b) Another strange thing with the margin calculator is that sometimes the margin requirement for near OTM shows less value than the far OTM. Like in the pics below, the 15000 CE is showing around 22k, and the 16000 CE is showing 33k. Checked this on other strikes as well, same result (15200, 15500 call sell requirements lesser than 15900 or 16000). I know the margin is based on your overall portfolio, but I can’t understand how there can be a scenario where the near OTM margin is less than the far OTM…
@siva-reddy There was definitely some issue yesterday with console holding, I was not able to pledge some shares, but some other shares got unpledged during market hours. Is there a way that Zerodha can flag us when these issues happen and get back to us when it is resolved?
Hey @MayankMaheshwari, there weren’t any issues with pledging and unpledging recently. If you can provide us details over a ticket we’ll be able to check and let you know. Also, if there’s any issue, we add a notice on our bulletin, and on Console itself.