Query on F&O exit intraday position margin

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Deal Cadet
RamSun97

Hi. I bought 2 lots of bank nifty f&o intraday by paying around 10k to 12k.

But while trying to exit the open position, the ‘funds required’ section was showing around 2L as opposed to my expectation of 13k. Since I had that much funds luckily I exited my position. But what if I don’t have that much amount in my funds balance, then how can I exit the open position?

Upon googling I found that margin should apply only for fresh short sell Orders and not while exiting an open position.

Please note that I didn’t had any other pending order at that time. Can any f&o expert help me out here? Thanks in advance.

https://cdn0.desidime.com/attachments/photos/757520/medium/IMG_20220407_094709.jpg?1649305188

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Deal Cadet Deal Cadet
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are they both belong to same expiry?

Deal Cadet Deal Cadet
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careful with the month and date

Deal Cadet Deal Cadet
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you r placing fresh short order…thats why this margin required showing. Exit from positions section.

Deal Cadet Deal Cadet
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r u placing the exit order of same type?

if open position is MIS u should place the exit order in MIS only

Deal Cadet Deal Cadet
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abhijitja wrote:

you r placing fresh short order…thats why this margin required showing. Exit from positions section.

Yes that’s what I did. On the positions page, there were 4 positions like add, exit, convert details. I selected the exit option.

Deal Cadet Deal Cadet
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Sam702 wrote:

r u placing the exit order of same type?

if open position is MIS u should place the exit order in MIS only

Yes, those details are prefilled automatically when I click on exit option.

Deal Cadet Deal Cadet
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abhijitja wrote:

you r placing fresh short order…thats why this margin required showing. Exit from positions section.

@abhijitja this is how it looks after I select exit position.. https://cdn0.desidime.com/attachments/photos/757519/medium/IMG_20220407_094709.jpg?1649305091

Mumbai Indians Mumbai Indians
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If you already have a pending open order, it will show margin, if you try to sell again

Trailblazer Trailblazer
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Do paper trading don’t dive directly r else keep sl

Deal Cadet Deal Cadet
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Dileep_kumar wrote:

Do paper trading don’t dive directly r else keep sl

How to do that.. any website u recommend.. I think zerodha have such options but that is chargeable

Trailblazer Trailblazer
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hemant_111 wrote:

How to do that.. any website u recommend.. I think zerodha have such options but that is chargeable

Try stockmock r opstra

Deal Cadet Deal Cadet
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neo_t wrote:

If you already have a pending open order, it will show margin, if you try to sell again

I didn’t had any pending orders at that time. Orders tab was empty. Only one position was open. Please let me know if I am trying to exit in a wrong way. Screenshot attached in description. @neo_t

Hunk Hunk
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you must have had either an open SL order or target order. 🙂🙂🙂 Otherwise it will ask you to have full margin. 🙂🙂🙂

Deal Cadet Deal Cadet
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bikidas2060 wrote:

you must have had either an open SL order or target order. 🙂🙂🙂 Otherwise it will ask you to have full margin. 🙂🙂🙂

I didn’t had any pending order at that time, Orders tab was empty only. Please see below screenshot. @bikidas2060https://cdn0.desidime.com/attachments/photos/757567/medium/IMG_20220406_100912.jpg?1649317554

Hunk Hunk
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RamSun97 wrote:

I didn’t had any pending order at that time, Orders tab was empty only. Please see below screenshot. @bikidas2060https://cdn0.desidime.com/attachments/photos/757567/medium/IMG_20220406_100912.jpg?1649317554

is it okay if you could share ss of the orders tab! Otherwise you can call Zerodha n ask them. 🙂

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