I had not even read any of their Reports.. Few weeks before i read a mail occasionally,(Forget the Stock Name), they recommended to buy, but it was down by 10% on that same day, so from that i was always deleting those mails without reading them... They Will be just talking about EBIT, PAT, Margins, etc., (Which i even can Project more than them) I don't think it's worthy...
I don't even talked with any such Folks.. If i had a query, i will surf the net and get them....
Hi durai raj,tirupur, How is their research based advice ? Do you interact directly with mumbai folks for fundamental/technical research queries ? I have recently opened the account hoping to get good research based advice...
1. As i informed earlier, i had opened my A/c With margin of 83k for 0.01% & 0.10% 2. They Won't Give up the Minimum Brokerage option, it's common for all so, it's waste of time to Bargain about this...
4. After opening my account i had not used those facilities till now.
6. Good...
7. They will say like that, but I don't think they follow that, bcoz My a/c is in debit of 11k, Still i can buy shares worth 25k on delivery, but they will request to square off on Settlement day.. So where is the margin...? don't worry, they will give enough margins by just giving them a phone call...
8. That was one of the Demerits, but i think that you can Give them a standing instruction for that...
9. No Auto Square off, Useless Research Reports, Sometimes making Delay in Mailing Contract notes, Especially for Friday trade they send on Saturday only...
Subscription till 3.50 pm: QIB: 0 HNI: 1.11 Retail: 2.98
Overall: 1.21
So good news for the investors (who applied for this IPO) that the issue is passed already. expected is that retailers will get shares as per 1.5 times
Whats ur opinion abt IFCI Bond. Is is worth investing to apply. I heard that it is being rated "A" whereas SBI was "AAA". Does it makes any differance ?? with regards
iTS PITY THAT EVEN THIS KIND OF ISSUES GET SUBSCRIBED!!
you will have to understand that SEBI's job is NOT to give only profits to investors. If that is the case every tom-dick-harry will apply for IPO's and once applied they will sleep in a palace forever in their life. if you think issue is overpriced or unsuitable to you, then simply dont apply for such issues. Remember that you dont have any obligation to apply every issues comming to the market.......
SEBI is doing quite good job...
58. CLD| Link| Bookmark|
June 2, 2011 2:16:23 PM
Top Contributor (500+ Posts, 100+ Likes)
Dushyant verma & Durai Raj,Tirupur
Sub: angel broking
Thanks for your response on my queries. So far I got response from only two members. I am sure there may be many members dealing with Angel broking. I will request them to come forward & give their valuable response.
After getting the response from two members, I am still in negotiation with Angel broking. I am still having doubts on some of my earlier queries & also got some more queries given below. Pl. help me with your valuable experience.
1. Angel is asking me to give a Margin Money of Rs. 3 lakhs at the time of opening the A/C for fixing brokerage of 0.1 % for delivery & 0.01 % for intraday . Does any member have a brokerage plan less than above under "Margin money plan". If so, please give details.
Angel says that they can offer even lesser than this in "Advance brokerage plan" where they are asking me to give Rs.1,75,000 for a brokerage of 0.08 % for delivery & 0.005 % for intraday to be utilised within six months which of course does not suit me.
2. Angel is asking me a minimum brokerage of 1 paisa per share. This translates into all shares costing upto Rs. 100 to be covered by minimum bropkerage in intraday trades. As such, all shares costing less than Rs. 100, the brokerage works out to be more than 0.01 % for intaday trades. It works out to be ten times (0.1 %) in intraday trading of Rs. 10 share.
Does any member has a brokerage plan where minimum brokerage is not applicable.
4. Angel is saying that while fund transfer is instant for "Incomming transfers" but for "Outgoing transfers" the funds get transfered by the evening of same day if the request for fund transfer is received before 11.30 A.M. However the fund gets transfered in any case within 24 hrs. due to funds being transfered through NIFT mode which takes anywhere between 4 to 24 hrs. for the transfer.
What is the least time any member received his funds back into his Bank. Have you got any instance where the funds transfer got delayed more than 24 hrs. leaving any holidays when it is not allowed by RBI
6. Has any member faced any bad experience in telephonic response in squaring off positions in case of terminal or other problems between 3.15 to 3.30 PM. Could you get through the phone immediately or had to face "Phone engaged" problems. Could you get the positions squared off immediately or had to face deliberate delays from Angel.
7. Angel is providing me trading limit of 20 times of margin money in "A" category, 15 times in "B" category & 1 time in other category stocks. Has any member been provided with better trading limit than this.
8. I have been told that I can trade upto 3.30 P.M & can even square off my positions in the period between 3.50 to 4.00 P.M. Angel is not squaring off the positions automatically. This may lead to "Auction process" if short positions are not squared off by the client due to any reasons.
Has any member faced any such problems in their "Short positions" where they had to face auction. Can a client give standing instructions for automatic squaring off the positions at say 3.25 P.M
9. Any other positives & negatives of Angel you want to further share.
I will be thankful to all who will give their response & share his experience. After all one cannot go on changing the brokers every time. Your response will help me to avoid this.
57. SkDash| Link| Bookmark|
June 2, 2011 2:02:07 PM
Top Contributor (1000+ Posts, 200+ Likes)
VMS at 12.00 FII-0.00 NII-0.69 RII-1.64 Total-0.68
I have an account with Angel Broking so i will try to answer some of your questions:
1. I have no idea about this. Better if you contact the branch for clarification
2. For shares less than Rs. 10, angel charges 0.03 * No. of shares ex. if you purchase 1000 shares @ Rs. 5, you will be charged Rs. 30 (1000*.03) but in your case it may be 0.01
3. Yes angel allows shortsell on listing day.
4. They have one of the best service. Never had any delay.
5. Terminals are good.
6. They have excellent telephonic support. Whenever i had any problem, they solve it within minute through team viewer
7. I think they provide 10 times of margin money. But i you are doing good business with them, they generally allow much more margin.
8. They provide all types of terminal for free. 1. Angel Trade-browser based 2. Angel Lite- for slow internet 3. Angel Diet- ODIN DIET client 4. Angel Swift- mobile based trading
9. When it comes to giving limits and payments, they are the best in industry. Also provide good research.
I have an account with Angel Broking so i will try to answer some of your questions:
1. I have no idea about this. Better if you contact the branch for clarification
2. For shares less than Rs. 10,
54. SkDash| Link| Bookmark|
June 2, 2011 9:49:09 AM
Top Contributor (1000+ Posts, 200+ Likes)
Sreedhar/Gane/Ravi/KKN/Durai/Others
whats yr personal position in this VMS and Timbor ?
Since fundamentally poor and smal issue-i know yr will not suggest to apply/not to apply in the public forum, but whether u r applying and if so at what price ?
you will have to understand that SEBI's job is NOT to give only profits to investors. If that is the case every tom-dick-harry will apply for IPO's and once applied they will sleep in a palace forever in their life. if you think issue is overpriced or unsuitable to you, then simply dont apply for such issues. Remember that you dont have any obligation to apply every issues comming to the market.......
over whelming respose in VMS Ind and Timbor Home day 1 is Game played by operators by purchassing retail applications on first day now they have changed the route of operating. once these IPO Closed cheques will be bounced upon instruction form operators. and innoscent retailer who dont the modus operandy will be trappped.people can come to know from which city the game was played.
49. SkDash| Link| Bookmark|
May 31, 2011 6:21:32 PM
Top Contributor (1000+ Posts, 200+ Likes)