Zerodha I have the below queries,
Firstly, Can you place cover orders in NSE NOW?
Secondly,
Suppose you have 100,000 in your account and the margin for one future lot is 50000.
Now if I place MIS order, the Margin required will be 20000 (40%). Now if i buy 5 lots and by close of day I am in MTM profit by 70000. So I have total cash of 100,000 in my account and MTM of 70000.
Is it allowed that I square off 2 lots and convert 3 lots from MIS to Normal and hold them overnight for the next day? As for 3 lots I need 150000 for the overnight position and I have 100,000 (cash) and 70000 (MTM) in my account.
Or am I allowed to hold only 2 lots against the cash margin of 100,000.
Similarly for cover order, Can I hold lots for overnight position against the MTM profit that I have in my account.
thanksssss.
Firstly, Can you place cover orders in NSE NOW?
Secondly,
Suppose you have 100,000 in your account and the margin for one future lot is 50000.
Now if I place MIS order, the Margin required will be 20000 (40%). Now if i buy 5 lots and by close of day I am in MTM profit by 70000. So I have total cash of 100,000 in my account and MTM of 70000.
Is it allowed that I square off 2 lots and convert 3 lots from MIS to Normal and hold them overnight for the next day? As for 3 lots I need 150000 for the overnight position and I have 100,000 (cash) and 70000 (MTM) in my account.
Or am I allowed to hold only 2 lots against the cash margin of 100,000.
Similarly for cover order, Can I hold lots for overnight position against the MTM profit that I have in my account.
thanksssss.