What is cover order in Axis Direct?

ABOUT COVER ORDER Cover order is an intraday product where you place two orders simultaneously, the first order as market order to create position and the second order is an opposite order to restrict your losses. It is easy and convenient to place both the orders together.

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Besides, what is convert to delivery in Axis Direct?

You can click on Orders->Trade Book-> Convert to delivery, to convert the desired quantity to delivery (Cash segment). You should have adequate limits to convert buy positions to delivery or shares to convert sell positions to delivery.

Subsequently, question is, what is trigger price in Axis Direct? A trigger price is the threshold price that needs to be defined with a stop loss order. Once the market price reaches or crosses the trigger price, the order will be released to the exchange for execution. It should be higher than the Last Traded Price (LTP) for a buy order and lower than the LTP for a sell order.

Moreover, what is fund hold and release in Axis Direct?

A funds hold is a block made in your Axis Bank account which can be used for trading purposes. In case the full amount is not utilized, the funds marked as Hold will be released at the end of the day. Example : You have Rs. 5,00,000 in your bank account but you require Rs. 1,00,000 for trading today.

How can I place Amo order in Axis Direct?

1. AMO can be placed after the end of day process is completed by AxisDirect i.e. after 5.30 p.m.
2. End of day process timings are from 3:30 pm to 5:30 pm.
3. AMO can be placed for 'Cash' only.
4. It has to be limit order.
5. Market orders are not allowed.

Related Question Answers

What is trigger price?

Trigger price is a BUY/SELL order condition that you add along with your stop loss order. TRIGGER PRICE is the price at which the exchange servers will make your BUY/SELL order active for execution. After the stop-loss order has been triggered, LIMIT PRICE is the price at which your shares will be sold or bought.

What is e margin in Axis Direct?

E-Margin is a unique product where you can buy stocks in delivery with margin as low as 25% and carry it for the next 90 trading days. During the 90 day trading period, you can either square off or take delivery of your position by bringing in the remaining funds.

How does e margin work?

E-Margin is a leveraged trading facility. You can create positions under this product that can be squared off or converted to delivery (C2D) till T+275 day (T= being Trade date) on or before the specified time.

What is convert to delivery?

What is meant by 'Convert to Delivery'? 'Convert to Delivery' (CTD) is an option through which you can convert a Margin open position into a Page 16 Cash position and receive or give delivery of shares thereof.

Can intraday be converted to delivery?

5,000 and opt for an Intraday trade then you can buy stock worth Rs. 50,000 (10X). So instead of 10 shares you can use leverage to buy 100 shares. So if you have maintained the total purchase amount then an Intraday order can be converted to delivery without any conditions.

What is cash in Axis Direct?

Cash - Transact for delivery: 'Cash' is a facility used for undertaking delivery based transactions. You have to pay the full order value while placing a buy order. You will get the shares in your demat account on the T+2 nd trading day.

What is fund limit in Axis Direct?

1,00,000 for trading today. You mark a hold for Rs. 1,00,000 (in cash segment) from your account. Your cash limits will increase by Rs. 1,00,000 for trading for the day.

What is e margin?

E-Margin is a unique product where you can buy stocks in delivery with margin as low as 25% and carry it for the next 90 trading days. During the 90 day trading period, you can either square off or take delivery of your position by bringing in the remaining funds.

What is brokerage charges of Axis Direct?

Minimum Brokerage Charges: ₹20 per trade. Call & Trade Service: ₹20 per call. Brokerage Plan Modification Charge: ₹500 per quarter. [email protected] Plan maintenance charges for Non-Axis Bank customers: ₹250 per month.

How do I release collateral in Axis Direct?

If you mark a collateral hold today and wish to remove the hold on the same day, it is termed as release. At the end of the day, the shares marked as collateral hold moves to AxisDirect pool account. If you wish to remove the hold, you are required to select 'withdraw' button to effect the same.

What is Axis Direct account?

Products and services. Axis Direct provides a 3-in-1 Online Investment Account which is a combination of Axis Bank Savings and Demat Accounts along with an Axis Direct trading account. Services: ETFs - Invest in exchange-traded funds.

Which is the best bank to open a demat account?

Top 5 Bank Demat Account

1. ICICI Bank Demat and Trading Account. ICICI Bank is a leading private bank in India.
2. HDFC Bank Demat and Trading Account.
3. Kotak Bank Demat and Trading Account.
4. Axis Bank Demat and Trading Account.
5. SBI Bank Demat and Trading Account.

What is difference between cash and intraday?

Cash intraday is nothing but you need to trade on the same day. In intraday trading, you can buy and sell the shares on the same day. If you have a total value of funds to buy shares in your account, you can hold it for short term or long term.

What is Coll sell in Axis Direct?

Coll-Sell is a functionality whereby customers can sell their stocks which are deposited with AxisDirect using collateral management. The benefits of Coll-Sell are as below: 1. By using Coll-Sell, customer can sell the shares held with AxisDirect, even if the collateral limit is utilized or not.

What is cash intraday margin e margin?

E-MARGIN is the type of trading order like INTRADAY, COVER, BRACKET, mainly offered by bank base borker like AXIS DIRECT, ICICI SECURITIES, HDFC. In E-margin order you can buy delivery of stock by paying 25% to 45% , depend on stock on the rest amount you have to pay interest of 18% per annum.

How do I short sell stocks in Axis Direct?

You can Short Sell Futures, that is sell first and then buy to cover (second leg of the transaction). If you do not square off the position by 3:00 p.m for any reason, it will be squared off by AxisDirect. Example: You buy 250 shares of Axis Bank Futures @ Rs. 1,500 in intraday.

How do you set stop loss?

A stop-loss order is an order placed with a broker to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit an investor's loss on a security position. Setting a stop-loss order for 10% below the price at which you bought the stock will limit your loss to 10%.

Is trigger price a stop loss?

A stop loss is designed to limit an investor's loss . Foe example - if, for a stop loss order to buy, the trigger price is 93.00, the limit price is 95.00 and the market (last trade) price is 90.00, then this order will be released into the system once when the market price reaches or exceeds 93.00.

What is validity in Axis Direct?

Order Validity Date means the date chosen by you while placing Cash orders with GTDt order validity. This date has to be equal to or less than the maximum validity date defined by ASL which would appear as the default date against the date field besides GTDt order validity.