Hi all
We enter buy order with NRML order type in the morning and sell all the qty with same NRML order type before market closing. Hence it makes it as intraday trade. But broker is blocking 20% of selling and release it only next day. When i enquired, they are saying if we place intraday order using NRML type then they will block 20% of selling and will release only next day.
I would like to know from you all, is that the rule to block 20% based on order type? to my knowledge we are supposed to be blocked intraday profit and 20% from selling of holdings and release it next day. but these people are blocking based on order type are they doing the right thing as per SEBI rule?
Please enlighten me if I am wrong. thanks