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Introduction

Thank you for choosing TT


Advanced™ as your trading platform
for trading on the Indian Exchanges
viz National Stock Exchange (NSE)
and Bombay Stock Exchange (BSE).
This guide will help you get up and
running.

TT Advanced™ is a comprehensive
trading tool, with superior charting
and analytical capabilities, that allows
you to place orders and get them
executed at lighting fast pace.

If you are a first time user and just


installed the software please check
out Quick Tour section that will
guide you through most important
aspects of using TT Advanced™.

The next section − Reference guide


− provides detailed description of
every window and information on how
to get the most out of your TT
Advanced™ trading tool.

In the Technical analysis guide you


will find material that will introduce
you to the world of charting and
technical indicators.
Getting started

How do I install the 5paisa TT Advanced™

Installation of 5paisa TT Advanced™ is very simple. The software itself is a small file – around
than 1MB, which can be sent to you on email or can be downloaded from the following link:

http://www.5paisa.com/download/login.asp

If your operating system is Windows 95 then this software will not work on your machine. You
will have to upgrade your operating system.

If your operating system is Windows 98 or Windows 2000 then your system will not
have the .NET Framework 2.0 installed. You can either get the .NET Framework 2.0
downloaded from the Web (http://www.microsoft.com/downloads/details.aspx?FamilyID=0856eacb-4362-4b0d-
8edd-aab15c5e04f5&displaylang=en) or have your hardware engineer install the same for you.
Alternatively you can request for the .NET Framework CD from us by sending a mail
to info@5pmail.com. Please provide one week for shipping of CDs.
If your operating system is Windows XP make sure that you have Framework 2.0. If you have
not patched up your operating system or updated Framework, you will be required to do so
now. You could have your hardware engineer help you with the update and/ or patch.

Once you have successfully installed Framework 2.0 or have established that you have the
right version of Framework running on your system the downloaded exe will run without any
need for set up or any additional tasks.

On a Windows 2003 machine you don’t need to do anything other than simply downloading
the exe and running it.

Systems requirements

The 5paisa TT Advanced™ is optimized for use with a modem and an ordinary internet
connection.

Operating system:
The software is tested to work on Windows 2003, Windows 2000, Windows NT, Windows XP,
and Windows 98. It will not work under Windows 95. On Windows 2000, NT and 98 you will
have to download .NET Framework 2.0. In XP you have ensure that you have upgraded your
Framework version from 1.1 to 2.0

Proxy Setting
If the software is being accessed from behind a proxy you will need to open the following 3
ports for any

1. 10116 2. 25000 3. 25002

Browser version
IE 5.5 or higher.
Hardware:
Pentium/Celeron with RAM - 256Mb and above, ideally 512Mb.

Display setting:
Minimum : 800 by 600 pixels. Ideally 1024 by 768 pixels. If your display setting is below 800
by 600, you can close all windows on the desktop, right click, select properties - settings and
change the display settings. If your computer does not support 800*600 display setting and
above, contact your vendor and replace the display card, which may entail a nominal cost.
Quick Tour

Login is essential to access TT Advanced™. Click on the shortcut icon on your desktop or
directly run the EXE from its location. You will be prompted to login with your User ID and
password. If your login and machine credentials are correct then you will be logged into the
5Paisa Trading system. On every login your local machine time will be synchronized with the
server. Data will also be synched with that available on server. You can go ahead and start
working on your terminal as soon as login success message is flashed; synch happens in the
background. You can logout any time by accessing the ‘Logout’ option from the ‘File’ menu.
On logout your terminal will still be active. You can login again by accessing the ‘Login’ option
from the ‘File’ menu or invoke the Login window with the ‘Ctrl+L’ hot key. You can also close
the application at any time by clicking on the cross button ‘x’ of the terminal window. Hot key
for the same is ‘Alt+F4’.

Market Watch window is the most important window that will help you get your trading done.
Unless you have explicitly closed this window on a previous session, you will find this window
open as soon as login happens successfully. This window gives a tabular representation of
the current market position for selected scrips. Each scrip makes up a row of data that
contains the scrip name, its last traded price, last traded quantity, best bid rate, best offer rate,
total volume etc. Market Watch window is highly configurable and you can decide which
columns are to be viewed and which not, whether you require row or column separators,
determine the size of all rows or each column, the color used to display data etc. There are a
host of options available on a pop-up menu that can be accessed by right clicking on the
Market Watch window. You can quickly Buy/ Sell shares by using the hotkeys ‘F1’ and ‘F2’
respectively. When you double-click on any row of the Market Watch window it will open the
Market Depth window and Real time Intra-day Chart. All these windows will be updated
dynamically in real time and you need not ‘pull’ or refresh any information.

Adding or removing scrips from Market Watch is extremely simple. To remove a scrip from
Market Watch move to the appropriate row and simply press the ‘Del’ key. Obviously this is
also available as an option in the pop-up menu. To remove all scrips simply press ‘Ctrl+Del’.
To add a scrip press ‘Ins’ key. You can add more than one scrip at a go. Select Scrip window
will hold all your selections and commit it to Market Watch window when you confirm the
same by clicking on ‘OK’ button in the Select Scrip window. There is a specialized window for
selecting F&O scrips. This window can be invoked by the hot key ‘Ctrl+Ins’. You can filter
scrips by Name, Type or Expiry or even opt to review only Active options. At a single click you
can then add these scrips to your Market Watch window. There is an ‘Option Chain’ feature
that will quickly dump all the active F&O scrips to a new Market Watch window from its
underlying cash scrip. All these options are arranged in the pop-up menu for intuitive use.

Market Analyser helps you analyse the entire Market and zero-in on scrips that are amongst
the Top Gainers or Top Losers or Top Traded. Or scrips that have touched their 52 week High
or 52 week Low. You can also define your own criteria to identify scrips. A flexible Criteria
Builder is included to help you build your own criterion. The application also intelligently
remembers previously used criterion, obviating the need for you to rebuild the same again
later.

Indices Bar placed at a convenient location immediately below the Main menu displays most
popular Indices. You can access a Market Watch like window for Indices by clicking on this
bar. You can also use this window to configure the Indices Bar. From the Indices Window you
can open an intra-day chart for any or all the indices, by simply clicking on the Index Row.

Placing an order to Buy/ Sell shares, as stated earlier, is very easy. Through out the
application you can invoke the Buy window by pressing F1 and the Sell window by pressing
F2. Depending on the currently active window the Buy/ Sell (Order Entry) window will be
prefilled with the scrip info. F1 (and similarly F2) will intelligently decide whether to open the
Cash Order Entry window or the F&O Order Entry window. If you wish to explicitly open the
F&O Order Entry window the hotkeys are ‘Ctrl+F1’ and ‘Ctrl+F2’. You can ‘modify’ or ‘cancel’
an order from the Order Book Reports window. You can ‘square off’ your open position from
the Net Position Reports window. You can ‘exercise’ your open long options also from the Net
Position Reports window.

Order confirmations can be seen in the Messages bar (at the bottom of the screen) as soon
as your order request is sent. Messages are returned at various stages – when it is first
received at 5Paisa, when it is accepted or rejected by the 5Paisa RMS Engine, when it is put
in queue to Exchange, when it is Sent to Exchange, when it is received at the Exchange,
when it is acknowledged, rejected, frozen or killed by the Exchange. Until orders are
acknowledged by the Exchange they cannot be taken up for modification or cancellation.
Trade confirmations are also displayed in the Messages bar. All Buy messages are shown in
blue color, Sell messages in red color. Order/ Trade messages can also be seen in the Activity
tab of the Reports window. If the Messages window is open these messages are also shown
in the Messages window. Exchange Messages, House Calls etc are displayed in the
Messages window in black color.

Groups, which are a collection of scrips can be created and retrieved for reuse later. Several
pre-defined NSE and BSE index groups help you get started with the most popular scrips in a
jiffy. You can create your own portfolio of scrips and save it as a group. Groups are shown in a
Tree format and can be expanded to select the Group of your choice. Scrips belonging to a
particular Group are shown in a tabular fashion on the right side of the Group Explorer
window. Adding/ removing scrips to/ from this list is extremely simple – ‘Ins’ for add and ‘Del’
for remove.

Reports comprise of Order Book, Trade Book, Net Positions, Margin, Exercise Book and
Holdings. All these reports are dynamically updated without the need to refresh or pull
information. From the Reports window you can ‘Modify’, ‘Cancel’, ‘SquareOff’ or ‘Exercise’.
The appropriate buttons will be enabled/ disabled depending on which action can be taken
based on the currently selected row. You can save these reports to a file either in text or CSV
format.

Display Settings and actions are configurable to a large extent. Wherever relevant, settings
can be defined from the window itself, where it is to be applied. Application wide settings can
be found in the Settings option of the Tools Menu. You may wish to customize the appearance
of your TT Advanced™ to suit your tastes.

TT Advanced™ also serves as a link to various information segments such your DP, Ledger,
Position etc. You can also access Fund Transfer page, IPO online and Mutual Fund online
pages from here. Other links available include links to indiainfoline, 5paisa, NSE, BSE, SEBI
websites.
List of Shortcut keys (or Hotkeys)

Functions Keys
Buy Order Entry window F1
Sell Order Entry window F2
Order Book F3
Market Watch F4
F5
Market Analyser F6
Net Position F7
Trade Book F8
Confirmation Messages F9
Main Menu F10
Stop Loss Buy(Later) F11
Stop Loss Sell(Later) F12
F&O Buy Order Entry window CTRL + F1
F&O Sell Order Entry window CTRL + F2
Log on to the Server CTRL + L
Lock Workstation CTRL + O
Group Window CTRL + G
Historical Chart CTRL + H
Append from group CTRL + A
Save to group CTRL + S
Market watch setting CTRL + W
Grid Setting CTRL + SHIFT + S
Change Font CTRL + SHIFT + F
Change Color CTRL + SHIFT + C
Show Column Line CTRL + SHIFT + V
Show Row Line CTRL + SHIFT + U
Go to Start of the Page CTRL + HOME
Go to End of the Page CTRL + END
To Close a Screen/Window CTRL + F4/Esc
To Add a scrip in Market Watch/ Group INS
To Remove a Scrip from MktWatch/ Group DEL
To Remove all Scrips from MktWatch/ Group CTRL + DEL
To Add an F&O scrip in MktWatch/ Group CTRL + INS
Reference Guide

Login

Double- click on the TT Advanced™ icon on your desktop to open up the Login screen. Enter
your Login ID and Password. Neither the Login ID nor the Password is case sensitive. The
Login ID is displayed in Caps as you type irrespective of your caps lock setting or irrespective
of whether you enter with the ‘Shift’ key pressed. Similarly passwords entered in lower case
are converted to upper case before sending it to server.

Initial Password:
If you are a first time user your password would have been communicated to you by IIL. This
password only allows you to login and establish your credentials with the server. You will be
forced to change your password immediately after the first login.

The first login is actually a registration process where the server captures certain key
information about your system and compares them with every subsequent login. If someone
tries to hack into your account from any other system he will not be allowed to login even if he
has your password since the machine credentials would not match. Also all such attempts will
not be counted towards your unsuccessful attempts tally and therefore your account will never
be locked out due to someone else’s mischief or unscrupulous attempt.

Since the machine credentials have to match on every subsequent login this also poses a
small problem. It completely removes your mobility. You can login only from one PC – the PC
which you used to first register yourself. In case you wish to login from a different PC you will
have to generate a Transit Key. Transit Key is a 20 character alpha numeric string that will be
created on your current PC. You will have to note down this number and enter it at the time of
login in the new PC. As soon as you successfully login with the Transit Key and your correct
login credentials your ‘default’ PC will be changed to the new PC. To generate a Transit Key
select the Transit Key option from the File Menu.

In case you do not wish to avail of this security feature then you will have to notify us of the
same in writing. Once you have successfully opted out of this feature you will be able to login
from any PC. Only the login credentials will be checked at the time of each login. We strongly
discourage you from opting out of the security feature.

Also to minimize the chances of anyone else hijacking your identity before you receive it i.e.
registering your ID before you have the chance to register it, login from one PC is restricted to
one ID only. This means that if you have a group of IDs typically belonging to the same family
and all of these IDs will require to login from the same PC then you again will have to notify us
in writing of the same. Please note that in such cases if you have opted for the security
feature then Transit Key will have to be generated for each ID separately.

Choice of server while logging in ???

Changing Password :
Your password is valid only for 15 days, after which you have to compulsorily change your
password. The new password should not be one that was used in the previous two changes.
In other words you cannot recycle a password for next two changes. Once you have changed
your password it cannot be changed again within the next 24 hours.

To change your password, simply click on the ‘Change Password’ button on the login page.
Before attempting to change your password please ensure that you enter your Login ID and
Password correctly. Password changes can be done only from 1 computer i.e the computer
that was used at the time of registration. You cannot change you password from any PC even
if you have opted out of the security feature described above.

Rules for Password

1. Password cannot be same as login ID

2. Password has to be atleast 8 characters and maximum of 10 characters

3. It should contain at least 1 alphabet and 1 numeric

4. It can contain special characters

5. It cannot start with a space or special character

6. It cannot be reused for subsequent two changes

Security

Apart from the above mentioned security feature we have added a few other safeguards. On
successful login, you will see in messages window, a message confirming your successful
login and other messages confirming the super safe 128 bit-encrypted connection to our
server.

You will also see a message showing when and where your logged in from the last time. If
you find anything amiss, immediately change your password.

You are now ready to trade @ the speed of thought.

Initial Screen

If this is the first login, your workspace will be filled with a default layout. The default layout
loads a MarketWatch window for your containing 50 scrips belonging to S&P CNX NIFTY.
On subsequent logins TT Advanced™ remembers the state prior to your exiting the
application and restores the same. Your workspace will be loaded with all the forms that were
open the last time you exited the application and each of the forms will contain the same
logical data that existed when you exited the application. Eg Market Watch will have the same
scrips loaded as you last left them. The data however will be updated to reflect the latest data
received from the server.
Market Watch

• View selected scrips at a glance


• Open unlimited Market Watch windows simultaneously
• Add multiple groups to the same Market Watch window
• Create your own group from Market Watch window
• Resize, Add, Remove columns
• Resize, Move rows
• Sort scrips on any column
• Export from Market Watch in variety of formats
• Easily customizable font and appearance
• Access and save Tick Data from Market Watch window

Market Watch window is the prime controlling window from where you can launch your trading
actions. This window enables you to view market information of pre-selected scrips that are of
interest. The window can be accessed from the menu ‘Market  Market Watch’. The shortcut
key for opening Market Watch window is ‘F4’. You will find the Market Watch window open
(you will not need to open it from menu or hot key) if you left it open when you last quit the
application.

You can open multiple Market Watch windows by accessing the same option from your Main
Menu or by pressing ‘F4’ multiple times. The maximum number of Market Watch windows that
you can keep open is limited only by the processing power and memory size of your PC.

When you open a Market Watch from the Main Menu or by ‘F4’ the window may be blank. You
will have to add scrips to your Market Watch Window manually by either loading a group or by
adding individual scrips from the ‘Add Scrips’ window.

To load a group you can right click on the Market Watch window and click on Load Group.
Shortcut key for the same is ‘Ctrl+L’. You can also add random scrips by accessing the ‘Add
Scrip’ option from menu that pops up on right click. The short cut key for adding a scrip is
‘Insert’. You can add multiple scrips at one go.

To add scrips in the derivative segment you can access a special window through the hot key
‘Ctrl Insert’. Here you can find scrips by Type (Futures, Calls or Puts), Expiry (Near, Next or
Far) etc and then select required scrips to your Market Watch window.

All these options are also available on a pop-up menu that can be accessed by right-clicking
in the Market Watch window. The available options are:

i. Buy [hotkey : F1] – Opens the Order Entry Window for Buy. All the required
text boxes will be prefilled with information from the selected row of the Market
Watch window.
ii. Sell [hotkey : F2] – Similarly, opens the Order Entry Window for Sell and all
required text boxes will be prefilled with information from the selected row of
the Market Watch window.
iii. Historical Chart [hotkey : Ctrl+H] – Opens a chart window with historical
data. This depends on the EOD Data server being available. If the server is not
available a message will be displayed and the chart window won’t open.
iv. Load Group [hotkey : Ctrl+L] – Opens the Group Window to allow you to select
one of the predefined groups. This option will remove all the currently selected
scrips and load the scrips from the selected group into Market Watch window.
v. Append from Group [hotkey : Ctrl+A} – Similar to Load Group, except that it
will not clear the existing scrips from Market Watch window. Scrips from the
selected group will be appended to the scrips already existing in Market Watch
window. Only those scrips that are not already available in the Market Watch
window are appended from the selected group.
vi. Save to Group [hotkey : Ctrl+S] – You can save the scrips currently in your
Market Watch window, to a group, to facilitate easy retrieval. You will be
prompted to enter a name for saving the group. These will be saved to the
User-Defined section in the Groups window. If a user defined group already
exists by the name provided by you, then you will be informed accordingly and
prompted to confirm whether you wish to overwrite this with the new list. If you
choose not to then you will be directed back and you can enter another name
.. a name that does not already exist. If you choose to overwrite then you will
lose the old list and the new list will be saved with the provided name.
You cannot modify pre-defined groups and hence you cannot choose the names
assigned to those predefined groups. Also you have a choice of saving your group as
‘public’ or ‘private’. For a more detailed explanation on this please refer to ……
vii. Market Watch Settings [hothkey : Ctrl+W] – You can define action
settings applicable to the Market Watch window here. The most often
requested windows for each scrip are the Market Depth window, Intra-day
Chart window and Historical Vhart window. You can define which windows
should open on single-click of mouse (or on hitting Enter key), which windows
should open on double-click etc. More detailed discussion on this can be found
at …. (Settings)
viii. Hide/Unhide columns – This option will open a window, listing all the currently
available columns, with a check box next to each column name. The items that
are checked are the columns that are visible in your Market Watch window.
You can decide which columns are to be shown in the Market Watch window
by checking (ticking) the appropriate item. These settings are also saved to
your group on the ‘Save to Group’ option.
ix. Grid Settings [hotkey : Ctrl+S] – You can control the appearance of the Market
Watch window from this option. These are specific to the current Market Watch
window and will be saved to your Group on the ‘Save to Group’ option. If you
don’t ‘save to group’ then the last applied settings will be available till you
explicitly close the Market Watch window. This means that if you exit the
application without closing the Market Watch window then these settings will
be available the next time you access the application.
Specifically you can change the following settings
a. Show Column Heading – when checked Market Watch window will display a
title for each column. Default is checked, which means column titles will be
displayed.
b. Display Column Lines – when checked it will display a line separator for each
column. Default is unchecked, which means no lines will be displayed. Shortcut
key is ‘Ctrl+Shift+V’
c. Display Row Lines – when checked it will display a line separator for each row.
Default is unchecked. Shortcut key is ‘Ctrl+Shift+U’
d. Allow Row Select – when checked it will allow you to select a full row.
Otherwise only current cell is selected. Default is unchecked.
e. Allow Column Resize – when checked it will allow you to change the size of any
of the columns. Default is checked, which means you can change the size of
any column.
f. Allow Row Resize – when checked it will allow you the change the size of all
rows. Default is unchecked.
g. Show Row Indicator – when checked it will show a small grey rectangle against
the left of each row. This can be used to drag and size a row.

h. Header Settings – You can change the Font, Back Color and Text Color of
column headers by accessing this option.
i. Grid Settings – Similarly you can change the Font, Back Color and Text Color of
the grid contents by accessing this option.
x. Save to File – You can save the current information in your Market Watch to a
file. You can save it as a tab delimited file with .txt extension or a CSV (comma
separated value) file with .csv extension or an HTML file with a .html extension.
If a file already exists by the file name supplied by you then you will be
prompted before overwriting the file.
xi. Add Scrip [hotkey : Insert] – This will open the Select Scrip window where you
can select the scrips that you want to add to Market Watch Window. For more
details on selecting a scrip (or using the Select Scrip window) please refer to

xii. Add F&O Scrip [hotkey : Ctrl+Insert] – This will open the Select F&O Scrip
window. This window has more options to help you narrow down your selection
list by specifying various filters and options such as
Scrip filter – specific scrip or all scrips. If unchecked it means all scrips are to
be considered;
Type filter – either Futures or Calls or Options or any two or all of them. If
unchecked then all Types will be considered;
Expiry filter – either Next, Near or Far or any two or all of them. If unchecked
then all Expiry will be considered;
Select Active options – when checked only active options (that is those
options which have some volume will be considered;
Required scrips can be selected from the scrips listed based on filter and listing
criterion. Selected scrips will be added to Market Watch window
xiii. Remove [hotkey : Delete] – This will remove the scrip on currently selected
row from Market Watch window.
xiv. Remove All [hotkey : Ctrl+Delete] – This option will remove all the scrips and
empty the Market Watch window. You will be prompted to confirm before
clearing the Market Watch window.
xv. Option Calculator – This will open the Option Calculator window.
xvi. Update Scrip Information – This option will update the information for the
currently selected row by sending a request to server and fetching fresh data.
Other short cut keys that will work in Market Watch window are :
Change Font Ctrl + Shift + F
Change Color Ctrl + Shift + C
Show Column (Vertical) Lines Ctrl + Shift + V
Show Row (Horizontal) Lines Ctrl + Shift + U
Column order : You can change the order of columns by selecting a column by clicking any
column header with your mouse left button, holding it down and dragging the column to the
desired location.

Row order : Similarly you can change the row position in grid by selecting the row by clicking
in any cell (of that row) with your mouse left button, holding it down and dragging the row to a
new location. You can also change the row order by sorting the contents of the grid by a
particular column. When you click on a column header it acts as a toggle between an
ascending and descending sort on the contents of that column.

Option Chain
• Create Market Watch with all traded options for a given optionable security
• Get streaming quotes and updated security list for the same
Intra-day Chart

• Streaming intraday tick-by-tick charts & historical data


• Ability to chart multiple companies and open unlimited charts
simultaneously
• Unique draw tools including trend line customization and Fibonacci tools
• 3 different chart type options such as Line, OHLC and Candlestick
• Lots of analysis options including 14 indicators for price and volume
panels.
• See each tick in Excel type grid, which is updated in real-time. Also export
to CSV file
• Save chart as JPEG file
• Get Index charts by clicking on appropriate Index in the Index Watch
window

If your Market Watch operates with default configuration then you should see an Intra-day
Chart opening when you click on any row in the Market Watch window. The Chart will be of
the scrip in the currently selected row. Intra-day chart consists of a line graph drawn using the
tick-by-tick data from the start of market. It also contains a panel (bar graph) for volume. You
can conduct various studies and technical analysis on this chart. You can change the size of
the chart window and zoom in or zoom out to get a better view of the price movement.

If you wish to load the intra-day chart of another scrip simply click on the scrip of your choice
in the Market Watch window. You can also open multiple charts. To load a new scrip in a new
chart window simply keep the ‘Ctrl’ key pressed when you click on a new row. The number of
chart windows that you can keep open is only limited by your hardware capability.

As soon as new tick data arrives the Chart will be automatically updated and refreshed. If you
have multiple chart windows open then all charts will be updated. If a chart window is not in
view (if it is hidden behind any other window) even then it will be updated with the fresh
information.

When you right click anywhere on the chart, a pop-up menu opens with the following options

i. Display Settings – You can control the appearance of the Chart window from
this option. These settings will apply for the current Chart window and any
new Chart windows opened. Existing inactive Chart windows will continue with
the erstwhile settings. You can specifically change the following
a. Horizontal Grid Lines – when checked horizontal lines will be displayed at every
major unit of scale on the Y-axis, on the chart. Default is unchecked, which
means no lines will be displayed
b. Vertical Grid Lines – similar to horizontal grid lines, vertical lines will be
displayed for every major unit of scale on the X-axis. Default is unchecked,
which means no lines are displayed.
c. 3D Style Drawing –
d. Tool Bar – when checked displays a tool bar that provides instant access of all
the features available in the Chart window. Default is unchecked, which means
the toolbar is not visible.
e. Show OHL and Prev Close lines – when checked this displays a dotted line
across the chart to indicate the Open, High, Low and Previous close prices.
Default is checked which means these lines are drawn on the chart
f. Scale Mode – can be set to either linear or logarithmic. On a linear scale equal
differences in the data are displayed as equal distances in the chart. Eg a
change from Rs100 to Rs200 and from Rs400 to Rs500 would be plotted at the
same distance between them. On a logarithmic scale change between two
values is perceived on the basis of ratio of the two values. That is, a change
from Rs100 to Rs200 (ratio of 1:2) would be perceived as the same as a
change from Rs400 to Rs800 (also ratio of 1:2).
g. Color Settings – You can specify the color of the chart background, foreground,
price up movement, price down movement, grid (horizontal & vertical) lines and
other line color. The current color for each of these is displayed. You can
change this color by double clicking on the respective color box and selecting a
new color.
ii. Line Studies – Following Line Studies are available
a. Trend Lines, help you draw a line across the chart that helps you determine a
trend in the price movement. Once a trend is discernible then trend lines can be
drawn to define the lower limits of an up trend or the upper limits of a down
trend.
b. Fibonacci Retracements, help you draw Fibonacci retracement lines.
c. Fibonacci Arcs, along with retracements help anticipate support and resistance
levels along with price targets.
d. Regression Lines,
iii. Indicators – Following Indicators are available
a. Moving Averages b. Exponential Moving Average
c. Weighted Moving Average d. MACD
e. Bollinger Bands f. Price Rate of Change
g. Relative Strength Index h. Stochastics Oscillator
i. Average True Range j. Momentum
k. Money Flow Index l. On Balance Volume
m. Standard Deviation n. Williams R
For a detailed discussion on how to use these Indicators, please refer to Technical
analysis guide
iv. Zoom – you can use this option to zoom in (get a more detailed view) or zoom
out (get the bigger picture). Shortcut key for zoom in is ‘+’ and for zoom out is
‘-’. You can choose custom zoom to zoom just the area that you wish to have
a detailed look at. To restore full data view you can select Reset zoom.
Shortcut key for the same is CTRL + A.
v. Chart Type – Three types of price charts are available viz line, bar (open-high-
low-close or OHLC) and Japanese candle sticks. Short cut key for line chart is
Ctrl + L, for bar chart is Ctrl + B and for candle stick is Ctrl + C. Default chart
type is line chart for price. Volume chart is always available a bar chart only.
vi. Interval – usually price data shown in the chart is tick-by-tick. But you can
change the interval to either 1 minute, 5 minutes or 10 minutes or even any
number of minutes that you choose to set. Shortcut key to get a tick-by-tick
chart is Ctrl + T, 1 minute is Ctrl + 1 and 5 minutes is Ctrl + 5.
vii. Data window – displays the numbers for each data point. It shows the time,
volume and price at each data point that your mouse is currently on. Default is
set to closed, which means the data window is not visible. Ctrl + D is the
hotkey that acts as a toggle to open/close the data window
viii. Volume Panel – Volume Panel is set below the price panel and is usually kept
on. Ctrl + V is the hotkey that acts as a toggle to display/ hide the volume
panel
ix. Best 5 Bid/ Offer lines – You can switch on or switch off the display of best 5
bid/ offer lines from this option. Length of the best 5 bid/ offer line is
dependent of the quantity at each offer price. This gives you a visual indication
of the current market depth in this scrip.
x. Tick listing – gives you a tabular list of each tick – date/time, price and volume.
If current chart interval is not tick-by-tick then price will be shown as open,
high, low and close for the interval set in the chart. You can export (save) this
data as a text file (.TXT) or CSV file (.CSV) or HTML file (.HTML)
xi. Tool bar – Tool bar provides all the options that is available in right click pop-
up menu. As per default setting tool bar is hidden. If you want to display tool
bar then
For a detailed discussion on how to get the best out of charts and associated studies/
indicators please refer to the Technical Analysis guide.

Historical Charts

Market depth

• Sizeable Market Depth window


• View Best 5 Bid/ Ask and Open Interest
• Colored background gives clear demarcation of information

If your Market Watch operates with default configuration then you should see the Market
Depth window also opening up when you click on any row in the Market Watch window.
Unlike intra-day charts you can open only one Market Depth window. This window shows the
Best 5 Bids and Asks for the currently selected scrip. As soon as fresh data arrives, this
window will be automatically updated. This window can also be sized.
Market Analyser

• Analyze entire Market (not just the scrips selected in your Market Watch) on
Top Traded, Top Gainers, Top Losers, Scrips hitting 52Wk High/ Low or matching
user-defined criterion
• Save these scrips to a Group
• Buy/ Sell from Market Analysis Window
• Export to File in variety of formats

Press F6 or Click on 'Market Analyser" in Market menu to open "Market Analyser" window.
Market Analyser provides top traded, top gainers and top losers with % change, value and
total quantity. You just need to click on 'Top Traded', 'Top Gainers' and 'Top Losers' tabs
respectively. It also provides list of scrips that have touched their 52 week High or 52 week
low. You can also analyse all quotes and extract those where quantity traded exceeds a given
figure or transaction value exceeds a given value. This helps you identify large trades and can
give you vital clues to where or in which scrip activity is currently happening.

Not only this you can define your own criteria. This will be applied against each quote that this
received or on the entire scrip master, depending on what criteria you have given and
matching records will be displayed in the grid. You can access ‘Criteria Builder’ to help you
build your criteria. Previously defined criterion is stored and can be easily retrieved and
reapplied.

If you wish to buy or sell any scrip from this list you can press F1 for buy or F2 for sell. The
order entry window will be prefilled with data from the row currently under selection.

You can save the list to create a user-defined group by clicking on :Save to Group" button on
the Market Analyser window. This will save the current list of scrips to your group. This group
will NOT be automatically refreshed in case the list changes. You will have to manually save it
to the same group again.

You can also export the list to a file – as tab delimited or as CSV for later analysis.
Buy/Sell

The most important operation that you will be doing on this terminal is to Buy or sell shares.
Buy or Sell window, also called Order Entry (OE) window can be invoked from anywhere in
the application. Hot key for Buy is F1 and for Sell is F2. These options are also available on
the MainMenu under the Market Menu. OE window is different for cash and derivatives. If you
want to explicitly open the derivates OE window the hotkeys for the same are CTRL + F1 and
CTRL + F2.

When OE window is invoked the application will sense if there is any active data that can be
populated to the OE window. Eg if you are currently in the Messages window, there is no
‘active data’ for the OE window. In such cases, OE window will be filled with scrip data that
was contained in the OE window previously. If no scrip information is available then you will
get a blank OE window.

Situations:
1. When scrip information is available –
a. Scrip belongs to Cash segment
i. You pressed F1 or F2 – Cash OE window is opened with prefilled
information
ii. You pressed CTRL + F1 or CTRL + F2 – Derivatives OE window is
opened blank (without any of the text boxes pre-filled)

b. Scrip belongs to Derivatives segment


i. You pressed F1 or F2 – Derivatives OE window is opened with
prefilled information
ii. You pressed CTRL + F1 or CTRL + F2 – Derivatives OE window is
opened with prefilled information

2. When no scrip information is available –


a. You pressed F1 or F2 – Cash OE window is opened blank
b. You pressed CTRL + F1 or CTRL + F2 – Derivatives OE window is opened
blank

The orders that can be placed by you when the Market is Open is called a Normal Market
Order. These orders will be checked for adequacy of limits and sent directly to the Exchange.
In Normal Market you can place various types of orders – limit orders, market orders, stop
loss orders or IOC (Immediate or Cancel) orders. Post market when Off Market Window is
open you can place Offline orders. These orders are accumulated at 5Paisa and sent to
Exchange as soon as it opens. In Off Market you can place only limit orders and market
orders. Stop Loss and IOC orders are disallowed

Types of orders

1. Limit Orders – are orders where you specify the price while entering the order into the
system. You have to select the appropriate option to notify whether you are placing
the order at Market or at Limit. If you select the ‘Limit order’ option then you have to
enter a price that is in multiple of regular tick size (multiples of 0.05).
2. Market Orders – are when you place an order without a limit price with an intention to
get it executed at the best price obtainable at the time of entering the order. Similar to
above you have to select ‘Market order’ option. Limit Price text box is disabled and
any amount in the text box is ignored when the order packet is prepared.

3. Stop Loss Orders – are when you place an order with a trigger price. Till the trigger
price specified in the order is reached or surpassed such orders are kept dormant.
The intention for placing a Stop Loss order is to restrict the maximum loss in a
particular position to a predetermined amount.

Stop Loss orders are always placed in pairs. The first order has to be a normal order -
either limit order or market order. The second order will be a stop loss order that will
ensure that maximum loss is restricted. Eg if you place a buy order at Rs100 and do
not wish to take a loss of more than Rs2 then you will want to sell at Rs98, when the
market starts sliding contrary to your expectations. You can obviously keep a watch
on the market and sell when it slides and exit your position at Rs98. But this may not
always be possible. By entering a Stop Loss order you achieve the same objective
without a need to keep a watch on the market.

If you place a sell order when the price is above Rs98, your order will get immediately
executed. If you place a stop loss order for Rs98 then this order will remain dormant
till market prices breaches the trigger price. In the current example you will place a
Stop Loss order for Rs98 with a trigger price of Rs98.10. You can also place a Stop
loss order at Market with a trigger price of Rs98.10. In this case when stop loss is
triggered the shares will be sold at market rate.

Most users make a mistake of placing a stop loss order without the original order.
Users typically mistake the limit price to be the main order and trigger price to be stop
loss order. Thus in the above example many users intending to limit the loss to Rs2
will place only one order at a limit price of Rs100 and a trigger price of Rs98. You
should have a clear understanding of how stop loss orders are to be placed before
placing such orders.

4. IOC Orders – are when you place an order with an IOC instruction i.e. with an
intention to get it executed immediately, failing which the order is cancelled. It is
possible that the order gets partially traded, and in such cases the remaining portion
of the order is cancelled immediately. Stop loss orders cannot be placed as IOC
orders. You can place a normal order (at limit or market) as an IOC order.

You must fill the Quantity text box. Quantity has to be in multiple of lot size. In cash market
most of the scrips have a lot size of 1. In Derivatives lot sizes vary from scrip to scrip.
Quantity field cannot be directly entered into in the Derivatives OE window. You have to click
on the up/down control next to the Quantity text box and the quantity will increment/
decrement by lot size.

You can leave the Disclosed Quantity (DQ) text box blank. In case you fill it, it has to be
atleast 10% of the order quantity. An order with a DQ condition allows you to disclose only a
part of the order quantity to the market. For example, an order of 1000 with a DQ condition of
200 will mean that 200 is displayed to the market at a time. After this is traded, another 200 is
automatically released and so on till the order is executed fully.
Once you are sure you entered all the information correctly you can click on the ‘Place’
button. This will create an Order packet and display it to you. You have to confirm that the
packet is generated correctly by clicking on the ‘Confirm’ button. After your confirmation, the
order will be sent to 5Paisa. Each order packet that is created at your end is uniquely
numbered (Local Order ID) and time-stamped before being sent to 5paisa.

As soon as the order is received at 5Paisa server an acknowledgment is sent back. It is then
given an unique Broker Order ID, time-stamped and sent to RMS engine for checking
adequacy of limits. If your order is rejected by RMS engine then a rejection message will be
sent back to you. If your order is cleared by RMS engine then it will be put in queue for
sending to Exchange and you will be notified of the same. When the order is sent to
Exchange, another notification will be sent to you.

When orders are received by Exchange they are numbered (Exchange Order ID) and time-
stamped again. Exchange may either accept the order or may reject it due to errors in the
order or due to price out of days price range or any other reason. It may also freeze your
order and may release the freeze later. Whether the order is accepted, rejected or frozen by
the Exchange will be notified to you.

You cannot modify or cancel an order until it is accepted by the Exchange. Also you cannot
modify or cancel an order after it has got executed. Obviously the application has in built
safeguards and will not allow you to modify or cancel an order unless it can be done.
However, there is a gap between the time when you picked an order to be modified/ cancelled
and the time when it was received at the Exchange, and it is quite possible that the order
changes status during that time. A pending order might get executed during that gap. You may
therefore get a message saying ‘Order does not exist’. This means that the order that you
tried to modify or cancel was not found by the Exchange in its Order Book at that time.

Confirmations

• Get stage by stage confirmation messages, to help you understand where


messages might be getting delayed
• Immediate notification if message cannot be sent to particular servers

Confirmation messages for Order and Trade related actions, will be displayed in the
Messages Panel instantly. You will get confirmation messages for
a. Orders sent to 5Paisa
b. Orders received by 5Paisa
c. Orders accepted or rejected by 5Paisa RMS
d. Orders put in queue to Exchange
e. Orders sent to Exchange
f. Orders accepted, rejected or frozen by the Exchange
g. Trade confirmations sent by the Exchange

All these messages will display the time and associated order IDs – Local Order ID, Broker
Order ID and Exchange Order ID. At any point in time you will be able to see only 3 lines in
the message panel. These would be the three most recent messages. If you wish to see all
the messages you can double click on the panel to invoke the messages window.
If the messages window is open at the time of writing these messages to the terminal, then
messages will appear simultaneously at both the message panel as well as the messages
window.
Reports

• View Pending, Executed, Cancelled orders


• View Trades done during the day
• View Open and Closed Positions, along with MTM and booked Profit/ Loss
• View Holdings at a glance
• Modify, Cancel orders from Order Book. Also Cancel All orders on a single
click
• Square off Open Positions from Net Position window
• Exercise long open option positions from the Net Position window
• Directly Sell from Holdings window
• View Margins utilized/ available
• Sort all reports by any column
• Export all reports individually or together on a single click

Order Book

Press F3 or click on ‘Order Book’ in the ‘Reports’ Menu to open Order book. Order Book
contains a list of orders placed by you. Orders placed in all the three segments NSE Cash,
NSE Derivatives and BSE Cash are shown in the same book (grid). One line of data in the
Order Book represents one order placed by you and will show details such as scrip code,
scrip name, quantity, price, time of placing order, traded quantity, remaining quantity, broker
order ID, exchange order ID, exchange order time, current status of the order etc. You can
sort the order book on any of the columns by simply clicking on the column header. The click
acts as a toggle between ascending and descending sort.

To modify an order you have to move the row pointer to the order that you wish to modify and
click on the ‘Modify’ button. This will open the Order Entry window and prefill all the text boxes
with the relevant data. You can change only the following
a. Quantity – The text box will show the quantity remaining to be executed and you can
increase or decrease this quantity.
b. Market or Limit – You can modify your order from market to limit and vice versa
c. Price – In case of limit orders you can change the price
d. Stop Loss – You can change a normal order to a stop loss order and a stop loss order
to a normal order
e. IOC – You can change a normal order to an IOC order
All the rules as they apply to placing an order will apply to modification as well. Apart from the
above you will not be able to modify or alter any other fields. After you have modified the
order you should click on the ‘Modify’ button. This will lead you to the confirmation window,
where you can review your order and confirm it to be placed with the Exchange.

The important point to remember with modification is that a modified order generally loses its
priority in terms of execution. Only in cases where quantity is reduced the order retains it
price-time priority. In all other cases it loses its priority. In case you are going to increase the
quantity it might be a better idea to place a fresh order for the additional quantity.

To process to cancel an order is also similar to modifying an order. You move to the row
containing the order you wish to cancel and click on the ‘Cancel’ button. This will open the
Order Entry window and all the text boxes will be prefilled. You will not be able to change any
information in this box. You have to click on ‘Cancel’ button and then on the ‘Confirm’ button in
the confirmation window after reviewing your order.

You can cancel all your pending orders at one go, by clicking on the ‘Cancel All’ button. You
might require to use this feature at near to close of market to ensure that all pending orders
are cleared. Unlike the ‘Cancel’ button, confirmations are not asked for each order before the
instructions are sent out. When you click on ‘Cancel All’ a single confirmation is asked with a
‘Are you sure’ message. You have to be careful that you don’t unintentionally end up
canceling all your pending orders.

With both modification and cancellation, you can modify or cancel only those orders that are
Pending with the Exchange. The acid test for this is the presence of an Exchange Order ID
and remaining quantity being greater than zero.

<<drop down boxes>>

Trade Book

All executed trades are shown in the Trade Book. This can be accessed from the ‘Trade Book’
option in the ‘Report’ Menu. Short cut key for the same is F8. Each row of data in the Trade
Book (grid) represents one trade that has taken place. One order placed by you will typically
result in one Trade. But it is quite usual to see several trades for a single order placed by you.
In such cases data is displayed over as many rows as the number of trades.

Each row in the Trade Book will contain details such as scrip code, scrip name, broker order
ID, exchange order ID, traded quantity, traded price exchange trade no and exchange trade
time. As with Order Book you can sort on any of the columns by simply clicking on the column
header.

There are no actions possible from this window. You can only view the trades that have
happened against the orders placed by you.

Net Position

Executed trades are aggregated and shown in the Net Position window. One row in the Net
Position window will give the current position (long or short) in a particular scrip. It contains
details such as scrip code, scrip name, quantity bought, average buy price, buy value quantity
sold, average sell price, sell value, net quantity (‘+’ for long and ‘–’ for short), booked profit or
loss, marked to market profit/ loss (MTMPL) and current rate. MTMPL is updated live with
every tick and you can see you realized and unrealized profit in each scrip at a glance.

This window can be accessed by clicking the ‘Net Position’ option from the ‘Reports’ menu.
Short cut key for the same is F7. You can also access it by clicking on the Net Position tab of
an open Reports window.

If you have an open position (either long or short) you can square it off from here. To square
off an open position you should click on the ‘Square Off’ button. This will invoke the Order
Entry window again. If you have an open ‘long’ position then the Sell Order Entry window will
be opened. If you have an open ‘short’ position the Buy Order Entry window will be opened. In
either case the OE window will be prefilled with data.

In most cases you will not require to modify any of the contents. However all those fields
which are open during modification are open during square off also. In other words you can
modify the quantity, the price etc before placing the order.

Square Off All feature that will allow you to close all open positions is not provided as it is
prohibited by the Exchange.

If you have any open long Options (Call or Put) you can Exercise them. In the case of Index
options you can exercise them only on Expiry date. In case of all other options you can
exercise them any time till expiry date. In fact you can instruct either to Exercise or Not
Exercise an option.

When you click on the ‘Exercise’ button the Exercise Option window will open. You will be
able to change only the quantity through the up/down button and specify whether you want to
Exercise or Not Exercise the option. Modification or Cancellation of an exercise order can be
done from the Exercise Report window.

Margin

Margin report will display the current limits position. This report can be accessed from the
Margin option of Reports Menu. You can also access this report from the ‘Margin’ tab of the
Reports window. Unlike the other reports this will not be updated dynamically. You will have to
click on ‘Update’ button to update this report.

This report contains 5 lines of information. The first line is the Opening Margin. This is the
amount that you start with at the beginning of the day. This comprises your clear ledger
balance (cash) and a credit for the shares in your account (collateral), net of haircut. Haircut
depends on the category that your share falls in. In ‘A’ category you get the highest credit, i.e.
it has the least haircut. In ‘Z’ category you do not get any credit, i.e. haircut is 100%. Typically
there will be 4 or 5 categories – A, B, C and D or E. The last category will default as Z
category.

The second line is Additional Margin. If any amount is received from you or paid out during
the trading session then this is reflected in this line. Also if any adhoc amount is credited to
your limit account, then it will be reflected here. This can be a positive figure which means
additional limit is given to you by RMS Dept without any cash or collateral. This can also be a
negative figure which means your limit has been reduced by RMS Dept manually due to some
adjustment that might have been necessitated.

The third line is margin blocked for open positions (MBOP). This refers to margin blocked for
trades done in your account. If the trades done result in increasing your position (either long
or short) in a particular scrip then this row will contain an appropriate amount. If a trade
results in reducing the position in a scrip margin will be released. If you have sold any shares
from your holding then an amount equal to the haircut (amount withheld in Opening Margin) is
reduced from MBOP. You might therefore see a negative figure in this row, which actually
results in increasing your limits.

The next row is margin blocked for pending orders. When there are no pending orders this
figure should be zero.

The final row is the margin available currently for trading. It is calculated as
Opening Margin
+ Additional Margin
– Margin Blocked for Open Positions
– Margin Blocked for Pending Orders

‘Update’ button on this form is deactivated for a period of 60 seconds after you click it. This is
done with a view to reduce unnecessary traffic that may result from multiple consecutive
clicks on this button.

Exercise

When you buy an Option you get an inherent right to exercise it. You can exercise an Option
(both Call and Put) at any time before the expiration date. You don’t need to hold it till it
expires. Sometimes before the expiration date your Options may be automatically exercised.
You might decide (though it is very uncommon) that you do not want to exercise your Option.

Exercise button in the ‘Net Position’ tab of Reports window allows you to give an instruction
‘To-Exercise’ or ‘Not-to-Exercise’ any Options bought you.

Please note that American Style options (all equity options are American Style) can be
exercised at any time from the date of purchase and the expiration date. European Style
options can be exercised only on the expiration date.

The Options exercised by you are shown in the Exercise tab of the Reports window. You can
modify or cancel an Exercise instruction from this window. When you click on Modify button it
will open the Exercise Order window, where you can enter your modifications and place the
instruction. Similarly on Cancel button the Exercise Order window will open from where you
can place your Cancel instruction.

Activity Log

For viewing Activity Log, click on the ‘Activity Log’ option in the ‘Reports’ menu. Activity Log
shows a listing of all messages that go back and forth between your terminal and the
Exchange through our Server. For instance, you can get a log of all modifications that you
have done for any order.
Groups Manager

• See all Groups at a Glance in Vertical Tree format


• Create multiple portfolios and save each of them as different groups
• Add/ Remove scrips to/ from groups conveniently and easily

Groups provide you with several advantages. You need not add scrips that are of interest to
you, one at a time. You can select these scrips and save it as a group and add them at one go
to the Market Watch window. Eg you could have your portfolio saved a group and have the
application retrieve it to the Market Watch window on every login. You can create more than
one portfolio and save each of them to a group.

The application comes with several pre-defined Groups. These are typically the Index scrips
as defined by the Exchange. Eg to get the scrips that make up Nifty 50, simply select the
NIFTY group. You cannot modify the pre-defined groups. You can however save it as a
different group and then modify that group.

At several instances you will find that you can save the list shown on screen to a Group. Eg
Top Traded, Top Gainers, Top Losers etc. Saving them to a group can help you put them to a
different market watch and study their prices and other market information.

To create a new group simply right click on any location on the tree (left side panel of the
Group Explorer) window, and select the ‘Create New’ option. You will be asked to provide a
name for the Group. You can then begin adding scrips to this group.

To delete a group all you need to do is to select the group and press Delete key.

Modifying a group will involve adding or removing a scrip from the list. Removing a scrip is
also very easy. Simply select the scrip (in the right side panel) and press Delete key. To add a
scrip press ‘Insert’ key. This will invoke the scrip selection window where you can select your
scrips and add it to the Group.

You can also save the list from a Market Watch window as a Group. This might be useful
when you want to combine two or more groups into a single group. Or you want to save your
selection of scrips from Market Watch window to a group. Once the list is saved as a group it
will be visible in the Group Explorer window.

Symbol Lookup
• Lookup symbols either by Scrip Code/ Token No or Symbol, or Name
• Select Multiple Scrips for inclusion in Market Watch or Group Window

Scrip Selection window helps you look up symbols and select scrips. This window can be
invoked by pressing ‘Insert’ key from the Market Watch and Group Explorer windows. You can
add several scrips at one go from this window. To add a scrip by its symbol you should type
the first few characters in the text box provided. This will scroll the list to the first symbol
starting with the characters entered by you. You can then scroll the list to locate your scrip
and press enter. Optionally if you have the token no, you can directly enter the token no (in
the same text box as above) and the scrip will be selected.

Once you are through with your selections you can click on OK button to transfer your
selection to the appropriate calling window. In case you wish to discard your selection then
click on ‘Close’ button.

Messages Window

Market News:

• Get Intra day Tips on Buy/ Sell


• Get Long term Buy/ Sell/ Hold recommendations
• Get Latest news update in your Messages Window

Get breaking news from our News Desk by clicking ‘Market News’ in ‘Links’ menu. This way
you do not waste valuable trading time in looking up business news. You can trade and keep
track of the important financial happenings at the same time.

Exchange Messages

Get updated instantly with important messages and notifications sent by the Stock Exchange,
right on your terminal.

Lock/Unlock Your Trading terminal

With a view to reduce unathorised users from accessing your terminal while you are logged in
and away for reason, the terminal will lock itself after a certain inactivity period. When the
terminal is in locked state, it will not allow you to perform any tasks. The application will
however keep receiving broadcast and other messages and keep updating the display.

Explicity you will be prohibited from placing, modifying or canceling orders. You can unlock a
locked terminal by entering your password.

If you wish to exit the application click on the ‘Exit’ button

Option Calculator

You can use option calculator to calculate the price of options and other calculations
regarding options. Click on the 'Option Calculator' in 'Option' menu for this purpose. Fill in the
required information for the calculation and you will get the result at the blink of your eyes.

Save to File

You can save the information contained in your Market Watch window, Market Analyser,
Reports and Tick List, that will help in analyzing this information later or just to keep a record.
You can access this option only from the pop-up menu available on right click from the
respective window.

Once you click no ‘Save to File’ you will have to select the type of output in which the file is to
be created. You have a choice between CSV, HTML or tab delimited files. After you click on
any of these options you will be presented with the standard Windows Save File Dialog box.
You can select the folder where you want to save the file. By default the folder selected during
the last ‘Save to File’ operation will be displayed. You can browse to a different folder and
save the file to that folder.

You can either choose to save the file by the suggested name or save it with a name of your
choice. If a file already exists by that name, a message box will popup with an alert that a file
by that name already exists and asking you if you want to replace it. If you are not sure you
want to replace it, you can click on cancel and provide a new file name.

Ticker

Clicking on the Ticker, you can watch live, real-time quotes of all the scrips in cash as well as
F&O. You will be shown these quotes as the trades happen. The specialty of the ticker is that
that it will show you only those scrips that are actually being traded in the market

Price Alerts

Clicking Price Alerts in the Market menu will open up the Price Alert window. This allows you
to set alerts for any number of scrips as you wish. These alerts are triggered and are
designed to remind you of certain benchmarks that you can set as per your requirements.
Links

My Account Summary

Shows you the complete trading summary.

My Cash Position

Check your current Cash Market Position.

My F&O Position

Analyze your Derivative Market Position.

My DP

If you hold a depository account with 5paisa, you can view online all the scrips in your
account with a click on ‘My DP’ in ‘Links’ menu. This account is also updated everyday.

My Ledger

At one click on ‘My Ledger’ in ‘Links’ menu, you can open your ledger account and view
details of each bill, transaction, balance of your ‘Cash’ as well as the ‘Futures and Options’
ledger.

Funds Transfer

Click Funds Transfer in the Links menu and transfer funds online from your Internet enabled
bank account. We have ensured that you do not lose out on valuable time when you transfer
funds. Currently we have the Funds Transfer facility for account holders of six banks that is
from HDFC Bank, ICICI Bank, UTI Bank, CITI Bank, Global Trust Bank, Centurion Bank. The
list of the bank will increase day by day.

IPO Online

Link to IPO Online page from where you can apply for new issues online
Mutual Funds Online

Link to Mutual Funds Online page from where you can apply for mutual fund issues online.

Other Important Links

'Links' menu connects you to the websites of NSE (National Stock Exchange of India), Stock
Exchange of Mumbai (BSE), Securities and Exchange Board of India (SEBI), India Infoline
and 5paisa with just a click. Apart from this you can also see the ‘NSE Symbol List’, ‘Span
Margin Details’, ‘Circulars/ Announcements’, ‘Privacy Policy’ and ‘Disclaimer’ in the links
menu.

Research

Punter’s Diary

Links for more Trading Information.

Daily Market Strategy

Links for more Trading Information.

Latest Research

World-class research reports are just a click away. In keeping with our cherished maxim,
‘Knowledge is Power’, we have provided you with access to our unparalleled research and
corporate database at a single click. You can view every thing you would want to see about a
company from analyst’s reports, CEO interviews, news archives to annual reports and
quarterly results. Just click any of the following from ‘Links’ menu as per your need- Corporate
Actions, Market News, Company Database, Newsletter, Financial/ Research.

Corporate Database

Links directly to the Corporate Database section on the India Infoline website

Questions & Answers


Links to the Questions & Answers page on the India Infoline website.
Technical Analysis Guide

Chart Overview

1. All options can be accessed using the toolbar (bottom of the chart) or from pop-up
menu (available on right click).

2. By default, toolbar will not be displayed. To show the toolbar, right click on the chart
area and select Toolbar.

3. Pop-up Menu and Toolbar have the following features:

a. Display Properties – To change the display behavior of the chart

b. Line Studies – To use the available line studies

c. Indicators – To use the available Technical Indicators

d. Zoom – Zooming functions

e. Chart Type – To change the type of the chart (Line/Bar/Candle)

f. Interval – To change chart intervals (Tick, 1 Min, 5, 10 minutes)

g. Data Window – To show values at current mouse location on a the chart

h. Volume Panel – Toggle On/Off the Volume Bar display

i. Best 5 Bid/offer lines - Toggle On/Off the best 5 lines

j. Tick listing – Show tick listing window

k. Toolbar – Toggle On/Off the Toolbar (Bottom of the chart)

4. Shortcut keys

a. ZOOM – ‘+’, ‘-’, CTRL+A (to reset zoom)

b. Chart Types – Line (Ctrl+L), Bar (Ctrl+B), Candle (Ctrl+C)

c. Chart Interval – Tick (Ctrl+T), 1 Min (Ctrl+1), 5 min (Ctrl+5)

d. Data Window – Ctrl+D (Toggle On/Off)

e. Volume Panel – Ctrl+V (Toggle On/Off)


Indicators

Indicators are typically used to gauge a particular aspect of price or volume behaviour. It is
important to remember that there is no magic indicator that can give the right signal under all
market conditions. It is usual to see trend indicators give wrong signals in a ranging market. In
a trending market, momentum indicators may give too many signals and result in wrong
trading decisions.

It is always ideal to select a few indicators and use them to confirm signals from each other.
Also indicators based on different data elements (for the same time period) are always better
than those based on same data. Eg one indicator using the closing price, one using volume
and another using a trading range may be more reliable when they confirm each other.

Indicators can be divided into the following categories

a. Trend indicators, are used to indicate the direction of a trend. Drawing a trend line will
give a general feel of the trend. Trend Indicator provide an objective measure of the
direction of the trend. The Trend Indicators included in the trading terminal are Simple
Moving Averages, Exponential Moving Averages, Weighted Moving Averages, Moving
Average Convergence Divergence (MACD) and Bollinger Bands

b. Momentum indicators are used to measure the rate at which price is changing. The
Momentum indicators provided are Momentum, ROC, Relative Strength (RSI),
Stochastic and Williams %R.

c. Volume Indicators are used to confirm the strength of trends. Volume Indicators
provided are On Balance Volume and Money Flow index

d. Volatility Indicators are used to confirm price behavior. Volatility Indicators provided
are Average True Range and Bollinger Bands

Adding Indicators to a chart

1. Open a chart or go to an already opened chart.

2. Display the Chart Indicators by right clicking and selecting Indicators option.

3. Select an Indicator from the list available.

If the Toolbar is displayed you can quickly add an indicator by selecting it from the Indicator
list box available on the toolbar.

For the lines in a indicator graph to be visible you need to have enough data in the chart. For
example a moving average with a Length of 10 needs at least 10 data elements. If there are
only 10 bars in the chart, then you will only see one point of data in the moving average
graph.
Indicators

Moving Averages

Moving Averages provide an objective measure of the direction of the trend by smoothing the
price data. It indicates the average value of a scrip’s price over a period of time. The most
commonly used moving averages are 20, 30, 50, 100 and 200 day averages.

Each moving average provides a different indication of the price trend. Shorter span moving
averages are more sensitive to price changes, identify new trends earlier but also give more
false alarms. In contrast longer span moving averages are less sensitive (more smooth) and
pick up only the big trends.

Typically upward momentum is confirmed when a shorter span moving average crosses
above a longer span average. Downward momentum is confirmed when a shorter span
average crosses below a longer span average.

Moving averages are normally calculated using closing prices, but they can also be calculated
using median or weighted closing prices.

Simple Moving Average

Simple Moving Average is a simple average of values over a specified period of time. It is
the most common type of average used by technical analysts. To calculate a 20 day
simple moving average, you would simply add the closing price of 20 trading sessions
and divide the sum by 20. As you move ahead you will drop the first day’s closing price
and include the 21st day’s closing price and divide the sum by 20 and so on. The moving
average data arrived at will provide a smoother curve when plotted against the price data.

Weighted Moving Average (WMA)

In WMA more weight is placed on recent values and less weight on older values. The
resultant average therefore moves much more closely in the direction of the underlying
price movement and speed up the signal provided. The obvious downside to this is that a
more-rapid signal might end up in giving a false alarm.

Exponential Moving Average (EMA)

EMA is similar to WMA. Recent data is weighted more heavily (in an exponential fashion)
in EMA than in WMA. By applying a higher than normal weight to recent values EMA
attempts to further speed up the signal provided. Obviously while this might give a better
entry point in many cases, it might also give more false signals.

Some important principles to keep in mind when you apply moving averages:

a. Moving Averages is a smoothed trendline and they are lagging, or trend-following,


indicators. They provide support and resistance.
b. The slope of the moving average is important. A moving average that is sloping
upwards is more bullish than one that moves sideways. Similarly a moving average
that slopes downward is more bearish than one that moves sideways.

c. The moving averages are in "bullish" alignment when all (or nearly all) are above one
another and price is above all of them. They are in bearish alignment when the
reverse is true.

d. Crossovers of moving averages provide important trading signals. You get a buy
signal when the short term average crosses above a long term average. Similarly you
get a sell signal when a short term average crosses below a long term average.

Moving Average Convergence / Divergence (MACD)

MACD is a moving average oscillator that shows potential overbought/oversold phases of


market fluctuation. MACD measures the difference between two moving averages of the
underlying price/indicator, to include some trend-following characteristics. The lagging moving
averages are turned into a momentum oscillator by subtracting the longer moving average
from the shorter moving average. The resulting plot forms a line that oscillates above and
below zero, without any upper or lower limits.

Usefulness of MACD is in the fact that it incorporates aspects of both momentum and trend in
one indicator. MACD divergences can be key factors in predicting a trend change. A negative
divergence signal (that is formed when price moves up or sideways, but MACD declines) is
usually a reliable sign of an impending downturn.

Buy/Sell interpretations may also be derived from crossovers (calculated from the Signal
Periods parameter), overbought/oversold levels of the MACD. A word of caution though that
since MACD does not have upper or lower limit to bind its movement and hence cannot be a
reliable indicator of overbought/ oversold levels.

Bollinger Bands

Bollinger Bands are similar in comparison to moving average envelopes. Bollinger Bands are
calculated using standard deviations instead of shifting bands by a fixed percentage. Bollinger
Bands (as with most bands) can be imposed over an actual price or another indicator.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The
middle band is a measure of the intermediate-term trend, usually a simple moving average,
that serves as the base for the upper and lower bands. The interval between the upper and
lower bands and the middle band is determined by volatility, typically the standard deviation of
the same data that were used for the average.

When prices rise above the upper band or fall below the lower band, a change in direction
may occur when the price penetrates the band after a small reversal from the opposite
direction. Even though Bollinger Bands can help generate buy and sell signals, they are not
designed to determine the future direction of a security. The bands were designed to augment
other analysis techniques and indicators. By themselves, Bollinger Bands serve two primary
functions:
• To identify periods of high and low volatility
• To identify periods when prices are at extreme, and possibly unsustainable, levels.

As stated above, securities can fluctuate between periods of high volatility and low volatility.
Being able to identify a period of low volatility can serve as an alert to monitor the price action
of a security. Other aspects of technical analysis, such as momentum, moving averages and
retracements, can then be employed to help determine the direction of the potential breakout.

Remember that buy and sell signals are not given when prices reach the upper or lower
bands. Such levels merely indicate that prices are high or low on a relative basis. A security
can become overbought or oversold for an extended period of time. Knowing whether or not
prices are high or low on a relative basis can enhance our interpretation of other indicators
and assist with timing issues in trading.

Momentum Indicators

Momentum

The momentum indicator calculates the speed of price change and provides a leading
indicator of changes in trend. It is often used to detect trend weaknesses and likely reversal
points. Momentum oscillator is closely related to MACD and Price Rate of Change (ROC).

Increasingly high values of the momentum oscillator may indicate that prices are trending
strongly upwards. Low values are found at the start and end of trends.

You need to set overbought and oversold levels separately for each security, based on the
performance of the indicator over past cycles. Different Momentum signals are used for
ranging markets and trending markets. In a ranging market the levels should cut across at
least two-thirds of the peaks and troughs.

A buy signal is indicated when Momentum crosses below the oversold level and then rises
back above it. Similarly a sell signal is indicated when Momentum crosses above the
overbought level and then falls back below it.

In an upwardly trending market a buy signal is indicated when Momentum is below zero and it
turns upwards. In a down-trend if Momentum is above zero and it turns downward then it is an
indication to go short.

Momentum has three shortcomings


a. Overbought and oversold levels have to be set for each stock
b. Movements tend to be erratic
c. Unusually high or low prices at the start of the indicator window, causes distortion.

Price Rate of Change

ROC is a refinement of Momentum and is easier to use, since results fluctuate as percentage
around a horizontal median called the zero line or equilibrium. ROC is typically used in
ranging markets to identify signs of weakness in trends and potential trend reversals. In a
trending market it often used in conjunction with a trend indicator.
Price ROC shows the difference in percentage terms between current price and the price ‘n’
days ago. Eg a 12-day Price ROC, that is most often used as an overbought/oversold
indicator, will compare current price with price 12 days ago. If current price is higher then
ROC value will be above zero and indicate that prices are on the rise. Conversely if current
price is lower than that 12 days ago, ROC value will be lower than zero indicating that prices
are falling.

To use this indicator you will need to set overbought and oversold levels based on past
observations. The levels should cut across at least two-thirds of the peaks and troughs.

• If ROC crosses below oversold level and rises back above it, then it is a Buy signal

• If ROC crosses above overbought level and falls back below it, then it is a Sell signal

• Bullish and bearish divergences indicate trend reversals

Relative Strength Index (RSI)

The RSI (developed by Wilder) is a popular indicator that shows comparative price strength
within a single security. It compares upward movements in closing price to downward
movements over a selected period.

9, 14 and 25 period RSI calculations are most popular. The most widely used method for
interpreting the RSI is price/RSI divergence, support/resistance levels and RSI chart
formations.

RSI is smoother than Momentum or ROC and is not susceptible to distortion from unusually
high or low prices at the start of the window, since it uses an average of closing prices. It is
also formulated to fluctuate between 0 and 100, enabling fixed Overbought and Oversold
levels. Typically RSI approaching 70 indicates that stock may be getting overvalued and RSI
approaching 30 indicates that stock may be oversold.

However, if there are large fluctuations in the price of a scrip, RSI might give false buy or sell
signals. It should be used as a complement to other indicators.
Stochastic Oscillator

The Stochastic Oscillator is a popular indicator used to track market momentum.

The Stochastic Oscillator has two components: %K and %D. %K compares the latest closing
price to the recent trading range and is displayed as a solid line. %D is a signal line calculated
by smoothing %K and is shown as a dotted line. The most commonly used arguments are 9
for %K periods, 3 for %K slowing periods and 3 for %D smoothing.

The most widely used method for interpreting the Stochastic Oscillator is to buy when either
component rises above 80 or sell when either component falls below 20. Another way to
interpret the Stochastic Oscillator is to buy when %K rises above %D, and conversely, sell
when %K falls below %D. If the Stochastic hovers near 100 it signals accumulation (buying
pressure). Stochastic lurking near zero indicates distribution (selling pressure).

The shape of a Stochastic bottom gives some indication of the ensuing rally. A narrow bottom
that is not very deep indicates that bears are weak and that the following rally should be
strong. A broad, deep bottom signals that bears are strong and that the rally should be weak.

The same applies to Stochastic tops. Narrow tops indicate that the bulls are weak and that
the correction is likely to be severe. High, wide tops indicate that bulls are strong and the
correction is likely to be weak.

Williams’ %R

Williams’ %R measures overbought/oversold levels, similar to a stochastic oscillator. The only


difference is that it is plotted using negative values ranging from 0 to -100. It is used to
determine market entry and exit points. The most widely used method for interpreting
Williams’ %R is to buy when the indicator rises above -80 or sell when the indicator falls
below -20.

William %R, shows the relationship of the closing price, to the high-low range over a set
period of time. The nearer the close is to the top of the range, the nearer to zero (higher) the
indicator will be. The nearer the close is to the bottom of the range, the nearer to -100 (lower)
the indicator will be. If the close equals the high of the high-low range, then the indicator will
show 0 (the highest reading). If the close equals the low of the high-low range, then the result
will be -100 (the lowest reading).
Typically, Williams %R is calculated using 14 periods and can be used on intraday, daily,
weekly or monthly data. The time frame and number of periods will likely vary according to
desired sensitivity and the characteristics of the individual security.

Volume Indicators

On Balance Volume
On Balance Volume indicator shows relationship of price and volume as a momentum index.
It attempts to measure the level of accumulation or distribution by comparing volume to price
movements. Volume is added to the indicator if closing price moves up and subtracted if
closing price moves down. No adjustment is made if closing price is unchanged. A cumulative
total of volume additions and subtractions forms the OBV line. This line can then be
compared with the price chart of the underlying security to look for divergences or
confirmation.

On Balance Volume index generally precedes actual price movements. The premise is that
well-informed investors are buying and selling ahead of uninformed investors and therefore
volume precedes price.

In a ranging market a rising OBV signals an upward breakout, while a falling OBV signals a
downward breakout. In a trending market a rising OBV confirms an uptrend, while a falling
OBV confirms a downtrend. Bullish or bearish divergence between OBV and price indicates
an impending reversal in trend. The numerical value of OBV is not important, the direction of
the line is more important.

Money Flow Index

The Money Flow Index measures money flow of a security, using volume and price for
calculations. Though it is similar to RSI in both interpretation and calculation, since MFI is
volume weighted it is a good measure of the strength of money flow. It compares the ratio of
‘positive money flow’ to ‘negative money flow’ to create an indicator that can be compared
with price in order to determine the strength or weakness of a trend.

If typical price today is greater than yesterday, it is considered positive money. For a 14-day
average, the sum of all positive money for those 14 days is the positive money flow. And the
sum of all negative money for those 14 days is the negative money flow.

MFI is measured on a 0 - 100 scale and is often calculated using a 14 day period. If the MFI
indicator goes below 20 then the stock is considered ‘oversold’. If the indicator goes beyond
80 then the stock is considered ‘overbought’.

Just like any other indicator MFI is not accurate at all times, but is very useful to detect
momentum in a scrip.
Volatility Indicators

Average True Range

The Average True Range (developed by Wilder) measures market volatility by comparing the
range for each successive day. ATR is a moving average of True Range calculated over a
number of days. True Range is calculated as the largest difference between
a. Current day’s high minus current day’s low
b. Current day’s high minus previous day’s close
c. Previous day’s close minus current day’s low

A stock experiencing a high level of volatility will have a higher ATR, and a low volatility stock
will have a lower ATR. Expanding and contracting ranges signal eagerness in a trending
market. As such, the indicator does not provide an indication of price direction or duration,
simply the degree of price movement or volatility.

High ATR values may signal market tops and bottoms, and low ATR values are usually found
in ranging markets. Low levels indicate quiet trading (small ranges) and high levels indicate
violent trading (large ranges). A prolonged period of low ATR readings might indicate
consolidation and the beginning of a continuation move or reversal. High ATR readings
usually result from a sharp advance or decline and are unlikely to be sustained for extended
periods.

Because the ATR shows volatility as an absolute level, low price scrips will have lower ATR
levels than high price scrips. For example, a Rs10 scrip would have a much lower ATR
reading than a Rs200 scrip. Because of this, ATR readings can be difficult to compare across
a range of securities. Even for a single security, large price movements, such as a decline
from 70 to 20, can make long-term ATR comparisons problematical.

Other

Standard Deviations

Standard Deviation is a common statistical calculation that measures volatility. Other technical
indicators are often calculated using standard deviations.

Major highs and lows often accompany extreme volatility. High values of standard deviations
indicate that the price or indicator is more volatile than usual.

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