India Infoline

TT Help Menu Index

Introduction ............................................................................................................................................................................ 2

How do I install the IIFL Trader Terminal? .......................................................................................................................... 2

System Requirements ......................................................................................................................................................... 3

Quick Tour ........................................................................................................................................................................... 3

Reference Guide ..................................................................................................................................................................... 5

Login .................................................................................................................................................................................... 5

Initial Screen........................................................................................................................................................................ 7

Market Watch ..................................................................................................................................................................... 7

Option Chain ..................................................................................................................................................................... 10

Intra-day Chart .................................................................................................................................................................. 10

Market Depth .................................................................................................................................................................... 12

Market Analyser ................................................................................................................................................................ 12

Buy/Sell ............................................................................................................................................................................. 14

Reports .......................................................................................................................................................................... 16

Order Book .................................................................................................................................................................... 17

Trade Book .................................................................................................................................................................... 18

Net Position ................................................................................................................................................................... 18

Margin ........................................................................................................................................................................... 19

Groups Manager ............................................................................................................................................................... 20

Symbol Lookup .................................................................................................................................................................. 20

Messages Window ............................................................................................................................................................ 21

Lock/Unlock Your Trading Terminal .................................................................................................................................. 21

Option Calculator .............................................................................................................................................................. 22

Save to File ........................................................................................................................................................................ 22

Ticker ................................................................................................................................................................................. 22

Price Alerts ........................................................................................................................................................................ 22

Research ............................................................................................................................................................................ 22

List of shortcut keys (or Hotkeys) ..................................................................................................................................... 23

Technical Analysis Guide ...................................................................................................................................................... 25

Chart Overview ................................................................................................................................................................. 25

Indicators .......................................................................................................................................................................... 25

Moving Averages ............................................................................................................................................................... 27

Moving Average Convergence / Divergence (MACD) ....................................................................................................... 28

Bollinger Bands ................................................................................................................................................................. 28

Momentum Indicators ...................................................................................................................................................... 29

Volatility Indicators ........................................................................................................................................................... 33

Other ................................................................................................................................................................................. 33

Introduction Thank you for choosing IIFL Trader Terminal as your trading platform for trading on the Indian Exchanges viz National

Stock Exchange (NSE), Bombay Stock Exchange (BSE) & MCX. This guide will help you get up and running.

IIFL Trader Terminal 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 IIFL Trader Terminal.

The next section - Reference guide - provides detailed description of every window and information on how to get the

most out of your IIFL Trader Terminal trading tool.

In the Technical analysis guide you will find material that will introduce you to the world of charting and technical

indicators.

How do I install the IIFL Trader Terminal?

Installation of IIFL Trader Terminal is very simple. The software itself is a small file – around than 2MB, which can be sent

to you on email or can be downloaded from the following link:

http://trade.indiainfoline.com/download/IIFLTTClient.msi

(You will need to get the rights to download the application.)

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 from the IIFL download site 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 [email protected]. Please provide

one week for shipping of CDs.

If Windows Installer is required you can get from the IIFL download site.

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.

System Requirements The IIFL Trader Terminal is optimized for use with a modem and an ordinary internet connection.

Operating system:

The software is tested to work on Windows 98, Windows 2003, Windows 2000, Windows NT, Windows XP, Windows

Vista and Windows 7. 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). 25002

Browser version

IE 6/IE 7 and other popular browsers.

Hardware:

Pentium/Celeron Processor with RAM - 256Mb. Ideally 512Mb and above.

Display setting:

Minimum : 1024 by 768 pixels screen resolution. Ideally above. If your display setting is below 1024 by 768, you can

close all windows on the desktop, right click, select properties - settings and change the display settings. If your

computer does not support 1024 by 768 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 IIFL Trader Terminal. 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 IIFL Trading system. On every login data will 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 IIFL, when it is accepted or rejected by the IIFL 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 IIFL Trader Terminal to suit your tastes.

IIFL Trader Terminal 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 IIFL, NSE, BSE, SEBI websites.

Reference Guide

Login

Double-click on the IIFL Trader Terminal 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.

If you are connecting through internet and you are behind a proxy server then on the login screen click on the ‘Setting’

tab. Now click the Use Proxy checkbox, proxy IP box will be enabled. Enter the IP on which your proxy server is installed.

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.

Changing Password :

Your password is valid only for 14 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 at least 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 you 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 10 scrips belonging to S&P CNX NIFTY.

On subsequent logins IIFL Trader Terminal 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. E.g. 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:

1) 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.

2) 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.

3) 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.

4) 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.

5) 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.

6) 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’.

7) 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)

8) 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.

9) 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.

10) 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.

11) 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 …

12) 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

13) Scrip Filter – specific scrip or all scrips. If unchecked it means all scrips are to be considered;

14) Type Filter – either Futures or Calls or Options or any two or all of them. If unchecked then all Types will be

considered;

15) Expiry Filter – either Next, Near or Far or any two or all of them. If unchecked then all Expiry will be considered

16) Select Active Options – when checked only active options (that is those options which have some volume will be

considered

a. Required scrips can be selected from the scrips listed based on filter and listing criterion.

b. Selected scrips will be added to Market Watch window

17) Remove [hotkey : Delete] – This will remove the scrip on currently selected row from Market Watch window.

18) 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.

19) Option Calculator – This will open the Option Calculator window.

20) 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

1) 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

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

a. 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.

b. 3D Style Drawing –

c. 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.

d. 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

e. 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).

f. 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.

2) 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

3) 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

4) 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.

5) 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.

6) 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.

7) 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

8) 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

9) 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.

10) 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)

11) 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.

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. 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 will even

show the real time scrip details. You can even instantly change scrip on the market depth window. This will help you to

take urgent buying/selling decisions. Unlike intra-day charts you can open only one Market Depth window.

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.

New Features:

1) Global Buy/Sell – The buy/sell window can be directly invoked from the menu. Its available on the Main Menu

under the Market Menu. Hotkeys for the same are CTRL + F1 and CTRL + F2.

2) Type Ahead – You will get suggestions while you are typin the scrip symbol on the text box. This will help you if you

don’t remember the scrip symbol for the scrip you want to buy.

3) Real Time Rates – Once you select the scrip and go to the next text box, you will see on the left side, the real time

scrip details and market depth of the scrip.

4) Single window for all products – this window can let you buy/sell all products. You can choose Cash, FnO,

Commodity, Currency or MF.

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 IIFL 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.

4) 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.

5) 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.

6) 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.

7) 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 IIFL. Each order packet that is created at your end is uniquely

numbered (Local Order ID) and time-stamped before being sent to IIFL.

As soon as the order is received at IIFL 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 IIFL

b. Orders received by IIFL

c. Orders accepted or rejected by IIFL 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.

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.

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.

Research

Market Mantra

Research Reports - 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.

Weekly Wrap

IIfl Calls

List of shortcut keys (or Hotkeys)

Functions Keys

Buy Order Window F1

Sell Order Window F2

Order Book F3

Market Watch F4

Market Depth F5

Market Analyzer F6

Net Position F7

Trade Book F8

Confirmation Messages F9

Main Menu F10

Margin Details F11

Holding F12

Security information SHIFT +F7

AMO Buy Order Entry Window CTRL + F1

AMO Sell Order Entry Window CTRL + F2

Log on to the Server CTRL + L

Lock Workstation CTRL + O

Group Window CTRL + G

Hide/Unhide Add Scrip Bar CTRL + SHIFT + A

Append from group CTRL + A

Save to group CTRL + S

Buy Order Window (from Market Watch) +

Sell Order Window (from Market Watch) -

Insert Blank Row (on Market Watch) Ctrl + I

Add Scrip (on Market Watch) ALT + I

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

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

Zoom (on Charts) Z

Zoom Out (on Charts) O

Note: Most of these Shortcuts will not work on the web version, since the browsers don’t supports a lot of function Keys

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.

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.