What exactly does MyNIDHI do?
It turns your trading plan into automatic orders. You decide when to buy, when to sell and your limits. MyNIDHI watches the market and places, protects and exits orders in your broker account when those conditions are met.
Do I need to know coding?
No. You answer questions in plain English and MyNIDHI builds the algorithm. You can read every rule it will follow before it goes live.
Will it make me money?
No one can promise that, and we don't. MyNIDHI makes sure your trading plan is followed every time, including the stops you'd rather skip.
Why don't you show returns?
Exchange rules don't allow algo platforms to advertise past or expected returns. We show you your trading plan and your risk instead, which is what you control.
Is there a daily loss cap for stocks?
No. Stocks use a stop on each holding and a 15% limit per stock. The daily cap is for F&O and MCX, where trades open and close the same day.
Do you hold my money?
No. Your funds and shares stay in your broker account. MyNIDHI only places orders there.
Which brokers work?
Zerodha at launch. More brokers will follow.
Is this allowed?
Retail algo trading is permitted through your broker under SEBI's framework. MyNIDHI's rules are white-box: you can read every one.
Can I try it without real money?
Yes. Run your trading plan on paper first and go live when you're ready.