Nest Trader - Support | Samco

What is a 52 Week High / Low and how to find 52 week H/L on the SAMCO Nest Trader?

Nilesh Sharma — Tue, 08 Nov 2016 05:26:59 +0000

A Security’s price fluctuates on a frequent basis through out the year. In the stock market parlance, instead of yearly highs and lows, 52 weeks high and low are usually considered. A 52 week high price is the highest price a particular security has traded during the previous 52 weeks prior to the current date and a 52 week low is the price which is the lowest price traded.
It is an important indicator as the prices at or near 52 week lows indicate that the price is trading at the lowest levels of the year. Many investors consider as the best time of the year to invest in that security or share, while traders consider this as the potential weakness in the stock and believe that it should go down more. All the investors who have bought the share in the past 52 weeks would have incurred losses in this security.
On the other hand, 52 week highs are considered by investors as the right time to go short or sell this securities while the traders consider it as the strength in the stock. Anyone who has invested in the stock and held onto it would be gaining profits in the stock.
On the SAMCO NEST Trader, 52 Week high and low can be checked from the snap quote dialog box using the short cut key “F6”

Snap Quote

The post What is a 52 Week High / Low and how to find 52 week H/L on the SAMCO Nest Trader? first appeared on Support | Samco.

How to View Positions using Admin Positions in SAMCO Nest Trader?

Nilesh Sharma — Wed, 07 Sep 2016 02:25:02 +0000

This article explains how one can view positions using Admin positions feature of the SAMCO NEST Trader.
After a trade has been entered, the next big thing that a trader wants to know is what is the status of the trade? Is it in a profit or is he suffering a loss on the trade? Once the order is completed, the order shall reflect in the trade book (shortcut key – F8). But this will only show the price at which the order has been traded. To check the status of outstanding positions click on Masters – Admin Positions (Shortcut key – F11)

How to select admin position window

This shall take you to the “Check Admin Position” Window as seen below.

Check Admin Position

This window shall show all the open positions of the day for both equity & derivatives market. In Net wise positions, all the day wise open positions can be seen and in addition to the day wise positions, it shall also display the carry forward derivative transactions. Please note that the Marked to Market or Profit & loss for the carry forward trades would be calculated using the “previous day’s closing price” and not the buying price except in the case of NRML-EQ carry forward positions under the CashPlus product. Buying Price can be checked from our back office “Samco Star” -> Portfolio -> Open Positions. When a trader/investor views his positions using this admin positions window, these positions are updated in real time.
In the check admin position window one can check and do a lot of extra activities like:

Check admin position i.e. the open positions – both day wise and net wise
Check the profit or loss on individual positions and sum of profits/losses on all the positions
Square off open positions
Convert positions using the Position Conversion feature

Additional Reference Links

How to check holdings in SAMCO NEST Trader?

The post How to View Positions using Admin Positions in SAMCO Nest Trader? first appeared on Support | Samco.

What is 2FA or Two Factor Authentication?

Chirag Joshi — Sun, 04 Sep 2016 13:32:02 +0000

In Today’s world of increased online fraud and cyber crime. Security of online accounts has gone for a toss. IT companies come up with ways to tackle this frauds or scams and only provide access to accounts after verifying the identity.
Now to verify the owner of a particular bank or trading account cannot be restricted to password only, passwords only can be hacked or may be leaked in some or other way through viruses or malicious software. It is imperative to have further verification of identity before allowing one access to his or her respective account. A simple user name and password had become easy for hackers to crack hence the 2FA or 2 factor authorization came in to existence.

How does it work?

Two Factor Authentication, also known as 2FA, two step verification or , is an extra layer of security that is known as “multi factor authentication” that requires not only a password and username but also something which only user knows.
User name and password combined with additional piece of information which only the the user knows, makes it difficult for hackers and intruders to crack your account details and reduces the changes of giving access to your account.
2FA isn’t a new invention however it has now gained popularity because of the digital age we live in.
If you ask a common man what is 2FA, he probably would not know it. However you actually use it every time you login in to your SAMCO Trading account
Some customers do not like the 2FA Process because it makes the logging in process slower and tedious however this system is designed for the security and safety of their own account
Below Image displays the 2FA verification which an user undergoes before providing access to his/her trading account

2FA authentication

A User has to select the relevant questions and answers to those questions at the time of first sign in or when he changes his passwords and authentication. User has to remember answers to these questions and has to enter them before every login. In this way apart from the user ID and passwords there is another layer of authentication and security added to users account.

The post What is 2FA or Two Factor Authentication? first appeared on Support | Samco.

How to check holdings in SAMCO NEST Trader?

Nilesh Sharma — Tue, 06 Sep 2016 03:08:34 +0000

The shares held in your demat and trading account with SAMCO Securities can also be checked in the SAMCO Nest Trading terminal. In the SAMCO Trader, on the menu options in toolbar select -> “View Order/ Trade Reports” -> “View Holdings/Collateral Values”

This shall open a new window pop-up with the holding details. You need to click on “Get Holdings” to get the details.

Here you shall get the list of shares, the quantity you hold along with their live prices and their current valuation in both the exchanges i.e. NSE & BSE. On the bottom of the window, one can also check the current valuation of one’s total holdings at the current market price.
In the above window, shares in the T1 Qty represent the shares that you have purchased however are not yet received yet in the demat account. Please note that it is advisable to sell the shares only if they are received in one’s demat account. There is a remote probability that the T1 shares are not received on the designated T+2 days and if you sell the shares in the meanwhile, it may result into auction of the shares. This is a risk investors should be careful of.
Once your shares are pledged successfully, you shall be able to see the collateral quantity from the collateral quantity column of this view window.
Watch the Video Tutorial to Learn How to check holdings in SAMCO NEST Trader?

The post How to check holdings in SAMCO NEST Trader? first appeared on Support | Samco.

How to place sell order in SAMCO NEST Trader?

Nilesh Sharma — Mon, 05 Sep 2016 23:44:18 +0000

Like buy order, the first task for placing a sell order is to select the scrip which one wishes to sell.

After this, one can right click and select the “sell order entry” tab.
Or one can go to the Orders and Trades option on the menu at the top and select the “Sell Order Entry” tab.

Or one can simply enter the short cut keys from the key board which are “F2” or “-” (minus) button.
This shall open the sell order entry tab which shall look like below.

The Order Type and the product type will have the same meaning as for the buy orders. Also the submit button and the transaction password option would be same. For putting a sell order for squaring off the earlier positions, the “Product Type” option should be the same in which the shares were bought earlier. For example – If one had purchased Reliance in “MIS”, the sell order should also be in MIS. Else the order would get rejected (if there is no holding) or a new position would get generated.
However, please note that if the initial order was a buy order, the stop loss order for covering the losses would have to be a “Sell Order”. Eg: If you have bought 1 Reliance share for Rs 1070 and wish to sell if it falls below 1050, the stop loss order would be a sell order with a trigger price of Rs 1050.
Watch the Video Tutorial to Learn How to place sell order in SAMCO NEST Trader?

Additional Reference Links
How to Place a Buy order on the NEST Trader

The post How to place sell order in SAMCO NEST Trader? first appeared on Support | Samco.

How can I convert positions on SAMCO NEST Trader?

Nilesh Sharma — Mon, 26 Sep 2016 06:49:37 +0000

Before we proceed, refer this article on what is position conversion in trading?
Existing positions are the open positions which are bought under different product types like

MIS orders – For intraday trades in Equity & Derivatives
CNC orders – For Equity Delivery Trades
NRML orders – For Carry Forward Trades in F&O and Cash Plus trades in Equity

(Please note that Cover Order and Bracket Orders are strictly intraday orders and cannot be converted to any other order type)
Suppose a trader has entered an order in MIS (for intraday purposes only). However, later he wishes to convert the position into a carry forward or delivery trade. One can convert the position by completing the following steps.
First go to the menu option “Masters” and select “Admin Positions” – Shortcut F11.

Select Admin Positions

This shall open a new window which shall display all the positions.

Admin Position Window in SAMCO NEST Trader

Now, on the top right, the option “Detail” should be ticked and the “Daywise/Netwise” option should be selected as Daywise.

Position Book – Selection

Now, click on Get Positions to display all the open positions. Now, select the position which needs to be converted and click on position conversion. This shall open a pop up window for position conversion.

Position Conversion Window

In this window, select the product type in which the position needs to be converted to and enter the quantity to be converted.
Please note that position conversion to NRML or CNC can be done only if the required margins are available. Conversion of CashPlus positions in NRML to CNC or vice versa can only be done on the day of the trade and not on a later date. Also, the positions can only be converted before the freeze period gets activated i.e. 5 mins before the order square off time.
Additional Reference Links

The post How can I convert positions on SAMCO NEST Trader? first appeared on Support | Samco.

What is a bid-ask spread? Checking the Top 5 quotes from the SNAP Quote Dialog Box on SAMCO Trader?

Nilesh Sharma — Mon, 28 Nov 2016 08:46:17 +0000

As in any market, in stock exchange there are a lot of buyers and sellers. The Bid Rate is the bidding price at which the buyer is ready to buy a particular share. The ask rate is the asking price at which the seller is ready to sell his shares. Since the buyer wishes to buy at a lower price an the seller will wish to sell at a higher price, the bid rate would be lower than the ask rate. Whenever, the bid rate and the ask rate match, a trade is executed. The rate at which the last trade gets executed is known as the Last Traded Price or LTP.
The best bid price is the highest bid rate at which the buyers are willing to buy the shares and best ask rate is the lowest ask rate at which the seller is willing to sell. The difference between the best bid price and the best ask rate is known as the “BID – ASK” spread. The bid-ask spread is inversely related to the liquidity in the market. The lower the rate the higher is the liquidity and vice versa. The minimum rate for Currency is 0.25 paisa, for BSE it’s 1 paisa and for NSE it’s 5 paisa. In theory the maximum bid ask rate can be unlimited, however on exchanges it would be the difference between the circuit filters set by the exchanges.
At one point of time the exchange normally display only the top 5 bid rates and ask rates known as the top 5 quotes. To check the Top 5 Quotes of a particular scrip, select the scrip and press the short cut key “F6” or double click on the scrip. This shall open the Snap Quote Dialog Window.

Top 5 Quotes – SNAP Quote Dialog Box on the SAMCO NEST Trader

The blue quotes on the left side are the bid or the BEST buying rates and the red quotes on the left are the ask price or the BEST selling rates. It also shows various other information like the Last Traded Price and Quantity, Total Buy Quantity and Total Sell Quantity, Volume, ATP, 52 Week high and 52 Week Low, Open Interest etc.
Additional Reference Links

SAMCO NEST Trader Short Cut Keys

The post What is a bid-ask spread? Checking the Top 5 quotes from the SNAP Quote Dialog Box on SAMCO Trader? first appeared on Support | Samco.

How to Place Buy Order in SAMCO NEST Trader?

Nilesh Sharma — Mon, 05 Sep 2016 23:39:09 +0000

On the market watch, select the scrip which one wishes to buy

For example in the above screenshot, if some body wishes to buy Reliance Industries, move the cursor to the Reliance scrip. The selected scrip would be highlighted by a white border.
After the selection of the scrip, there are various ways to invoke the the buy order window. They are:
1. Right click on the selected scrip, and select the “Buy Order Entry” option

2. In the Menu Bar, click on “Orders and Trades”, select the first option “Order Entry” and go to “Buy Order Entry”
3. Press the short cut keys “F1” or “+” sign on the number pad.
All the above options would open the buy order entry window from where once can place a buy order.

In the buy order entry window, the first thing to check is the “Order Type”. The trader can select which type of Buy Order

Limit Order – Here a trader can put a buy order at the price required by him
Market Order – Here a trader can put an order to buy the stock at the best available price
SL Order – Here a trader can put a buy order at a price fixed by him. However, the order will get triggered only if it crosses a specific trigger.
SL – Market – Here the buy market order will be triggered only if the market price crosses a specific price given by the trader.

Next major option is Quantity. The default quantity would be the minimum quantity which is available for purchase. Here enter the quantity required to be purchased.
In the next option, if the Order type is Market the price would be “0” and it would be a non editable field. Else it would be the Last Traded Price of the security. One can change it to the price at which the purchase is required to be done.
In Product type, select “MIS” for Intraday, “CNC” for equity delivery and “NRML” for Carry Forward Trades in F&O and Cash Plus trades for equity.
After this, click on submit (or press enter), and the button will change to submit. Click (or press enter) again. For the first trade after login you would be required to enter a transaction password. Enter the transaction password and the order will go for validation with the RMS system. If everything is proper, the order shall hit the exchange or it will get rejected. One can check the status of the from the order book.
Watch the Video Tutorial to Learn How to Place Buy Order in SAMCO NEST Trader?

The post How to Place Buy Order in SAMCO NEST Trader? first appeared on Support | Samco.

What is Open Interest (OI) and how to check open interest in SAMCO NEST Trader?

Nilesh Sharma — Tue, 08 Nov 2016 05:26:45 +0000

Open Interest Definition

Open Interest means the number of positions that has been created and which has not been squared off or expired in the futures and options segment. It is the total of the positions which are outstanding at a particular point of time. Suppose a person initiates a position in the security, it will amount to an increase in open interest till the time the position gets squared off. An increase in Open Interest indicates that fresh money is entering the contract and a decrease in the open interest signifies that money is moving out of the particular contract.
Open Interest is important for trading as it indicates whether money is moving in or out of a contract. An increase in price with an increase in Open Interest indicates that fresh buying is happening in a security. Conversely, a decrease in price with an increase in Open Interest indicates that fresh shorts have been created in the scrip.
An increase in price with a decrease in Open Interest indicates that the short positions are being covered while a decrease in price along with a decrease in price reflects that the long positions are being covered.
Open Interest changes are generally measured in percentages.
In the SAMCO NEST Trader, Open Interest can be seen in the Snap Quote Dialog box by pressing the short cut key “F6”.

Open Interest

On the right hand side, both Open Interest and % Change in Open Interest can be tracked.
The derivative contracts for a particular scrip is put into ban period if the total Open Interest for all the months goes above 95% of market-wide position limits. If a scrip is in ban period, no new positions can be created, while squaring off is allowed. The security is removed from the ban if the total open interest goes below 80%.
What’s the relationship between price and open interest data?

Relationship between Price and Open Interest

If price is in an increasing trend and OI is increasing, it’s interpreted as Fresh Longs being build and is a Bullish Signal.
If price is in an increasing trend and OI is decreasing, it’s interpreted as Short Covering being a short term correction in an otherwise downtrend.
If price is in an decreasing trend and OI is increasing, it’s interpreted as Fresh Shorts being added and is a Bearish Signal.
If price is in an decreasing trend and OI is decreasing, it’s interpreted as Long Unwinding being a short term profit booking in an otherwise uptrend.
What’s the difference between volume and Open Interest (OI)?
Volume is the total number of contracts traded in a given time period, and open interest in a security is the number of open contracts at a particular period of time.

The post What is Open Interest (OI) and how to check open interest in SAMCO NEST Trader? first appeared on Support | Samco.

Adding options scripts in NEST Stock Trader market watch

Nilesh Sharma — Sun, 25 Sep 2016 10:31:08 +0000

Option Trading in India, currently, can be done in the followings securities:

Major Indices like Nifty i.e. Nifty Options, Bank Nifty i.e Bank Nifty options
Stock Options in select stocks permitted for F&O trading like Hdfc, Reliance, ITC, etc
In Currency segment, only for USD INR i.e. Currency options.

To trade in options on SAMCO’s online trading platforms, one needs to add the script on the market watch.
This article discusses how to add options scrips in the Market Watch in NEST Trader.
On the top, the 3rd tool bar is for adding scrips in the NEST Trader Market watch. This tool bar can be used for adding all kinds of scrips and not only options scrips.
Check this video tutorial on setting up your Market Watch in the NEST Trader.

Adding Options Script to Market Watch in NEST Trader

In the blank box, first select the exchange as either NFO or CDS.
Next Select, either “OPTIDX” for index options or “OPTSTK” for Stock Options. (For USDINR option, select the segment as “CDS” & the security type as “OPTCUR”.)
After this select the security in which one needs to trade. This can be any index for index options or a stock for stock option. Post this, select “CE” for Call Option and “PE” for Put Option.

Selecting Contract specifications – Adding Options Scripts to Market Watch in NEST Trader

Now select the strike price for which the option needs to be traded. The last option is to select the Expiry Date for the option and press enter. This will add the scrip to the market watch and you can start trading in options.
Additional Reference Links

The post Adding options scripts in NEST Stock Trader market watch first appeared on Support | Samco.