are they both belong to same expiry?
Query on F&O exit intraday position margin
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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.
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careful with the month and date
ConfirmPassword wrote:are they both belong to same expiry?
Yes
you r placing fresh short order…thats why this margin required showing. Exit from positions section.
r u placing the exit order of same type?
if open position is MIS u should place the exit order in MIS only
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.
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.
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..
If you already have a pending open order, it will show margin, if you try to sell again
Do paper trading don’t dive directly r else keep sl
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
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
you must have had either an open SL order or target order. 🙂🙂🙂 Otherwise it will ask you to have full margin. 🙂🙂🙂
guest_999 wrote:
bhau, target order / SL order die honge pahle se hi. Wahi dikkat hui hai.
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. @bikidas2060
RamSun97 wrote:I didn’t had any pending order at that time, Orders tab was empty only. Please see below screenshot. @bikidas2060
is it okay if you could share ss of the orders tab! Otherwise you can call Zerodha n ask them. 🙂
