as per zerodha Tick size is 0.25 paise or INR 0.0025 Why in the image is showing loss?
You can check out the tick size under contract specifications for currency derivatives (CDS) on the NSE site.
It’s showing loss net of all charges.
2 Likes
I know its not in multiple of 0.0025
but still Plz check if i am right or wrong in calculation?
In above pic
65.12-65.15 = 0.03
As 1 lot = 1000 usd
therefore 50 lot = 50000usd
Hence the result 50000*0.03= 1500
normal margin on 1 lot = rs 1296
So for buying 50 lots one needs 50 * 1296 = rs.64800
1 Like
It is indeed in multiples of .0025 only.
Well, .0025 x 12 = .03 !
So for 50 contracts, 50 x 1000 x .03 = 1500 .
Other way is, 1 tick movement gives you 2.5 rs. , so 12 ticks = 30 rs.
Now for 50 contracts, its 30x 50 = 1500.
Why are you confused?