Intraday enables clients to take leverage in intraday position in cash & futures. Unlike Delivery, only a pre-specified percentage is blocked as margin under this product, instead of blocking 100% as margin.
Clients can buy and sell specific stocks during the day, and need to square off their open positions before 3.20 PM, or will these will be squared-off by us before market closes.
Intraday Square off is a product that offers approximately 8 times exposure in cash segment in "A" group stocks. Every customer is assigned with MIS for trading by default. In case you want, the Intraday position can be converted to Delivery before the specified cut-off, which is subject to availability of the required margin.
After Market Orders
At Destimoney, we understand that our clients work in a fast-paced environment. With our After Market Order option, you can now place orders after market hours. Orders placed after market hours are sent to the exchange whenever the exchange opens for trading.
After Market Orders can be placed by the customer himself by logging into his Destimoney trading account. Any AMO order placed can get cancelled before it gets placed at the exchange, in the absence of sufficient margins at the beginning of the day margin calculation process. Hence clients are requested to check the orders status during the market hours in the order report to find the status of the AMO order placed.
As a customer, you can place AMO in Equity (NSE and BSE) and Derivatives (NSE) as per below timing
- Online: From 6:00 P.M. IST onwards up-to 9:00 A.M IST next trading day
- Call & Trade: Daily from 8:30 AM IST onwards up to 9:00 AM IST
- All accumulated orders will be sent to the exchange on the opening of the market
Buy Today & Sell Tomorrow (BT & ST)
Under this product you can BUY shares TODAY and SELL the same TOMORROW.
This is a facility that allows you to sell shares even one day after the buy order date, without you having to wait for the receipt of shares to reach your demat account.
BT & ST product is relevant to you
- If you have you ever missed making a huge profit because you had bought the shares just one day back and you could not sell them as they were not credited to your demat account
- If you have ever found that squaring off your cash-based transactions within a day is not profitable as one days time does not allow to realize maximum profit
- If you have ever thought of an intermediate option between cash and Margin trades wherein you could make profits on volatile shares within one or 2 days of you buying them without a compulsory square off
If you have ever faced any of the above situations, BT & ST is for you.
Let us take an example.
Assume that you buy shares of XYZ Limited at 11.00 a.m. today. Suppose, at 2.00 p.m. today, the price of this scrip has risen by Rs 10.
But you want to sell these shares tomorrow because you feel that the scrip price will rise further. But the shares would not have come into your demat account tomorrow. What can you do?
BT & ST is the solution to your query. If you use Intra-day Trade, you would gain only to the extent of the price rise that happens today I.e. Rs 10. However, if you wish to take advantage of the price rise over tomorrow as well, then you would have to use BT & ST. So, you would purchase the share today at 11:00 AM and sell it tomorrow using BT & ST at 2:00 PM. So, you can benefit from the virtually elongated settlement cycle that BT & ST brings to you.
Delivery allows us to purchase stock against our credit balance and sell stock only from our holding. On purchase transactions, there will be a 100% margin blocking for the trading day. Sell transactions will be allowed based on holdings available and the sale proceeds would be released for the trading day. This product is ideal for clients with an investment perspective.