Who told you that we can’t trade in ban f&o? If you have a position in a stock and it goes in ban, your position stays. You can only squareoff your position. Just squaring off trade is possible. We cannot trade a new position.
I am saying that I have a position in a stock before ban. Then on the ban date, I still maintain my position. But, Zerodha makes the margin from I guess 67000 to 118000. To not get out of funds, I poured money to maintain my oposition. Then another day they raised the margin requirements to 1,45,000.
I again poured money to maintain my Position. I have money and I can keep on adding till they keep on increasing.
Problem is to those people who trade based on the margin details and when 90000+ cost gets increased suddently the next day in the morning before 9:15, they won’t have money to put in the account…
Poof, their position would get square off as the money would fall less than the margin requirements!!!
A great loss for people who have limited money.
I am saying that I have a position in finvasia for the same stock. I am happy not to worry that margins keep on getting changed.
Other point: The gentleman said that we do not change margin requirements. It comes from the exchange. Could you please share us the link for the same?
Please share the link of NSE’s ANDHRABANK FUTURES MARCH margin requirements for CARRY FORWARD.
Same is low with other brokers as I mentioned earlier.
If you are right, I will apologize in this group.
Let me tell you personally, that I love using Zerodha. I feel that when we traders share the details just to make Zerodha more and more great!
I am sure Nithin will appreciate that our criticism is just to make our Zerodha platform better and better.