Firstly you have to check the VAR+ ELM from [NSE website] for the particular stocks
For Eg : 1) VAR +ELM for Bata india = 18.80 , In that you need to take 30 % , which is 5.64 % .
=18.80* 30/100 = 5.64 %
2) Calculate the 30% VAR+ELM * LTP to know the margin required for 1 qty .
LTP of Bata India =1338
LTP * 30% VAR+ ELM = 1338 * 5.64% = 75.46
3 ) So, Rs 75.46/-is required to take 1 qty of Bata India in Cover order .
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