Can we go long and or short on a security (F&O derivative) which is banned due to number of contract (open interest) exceeding the limit (95%)?
You can’t trade in banned securities if your broker is Zerodha.
You can trade using MIS . If you are a LG ready holding positions your exit. Banning in the you can not execute NRML order. MIS Orders can be taken I think.
I traded ADANI power short closed.
You can not create Fresh short position. Existing contracts can be traded.