budget day trading margin info.
In view of the Union Budget 2015-2016, Exchanges have decided to conduct a special live trading session on Saturday,Feb 28, 2015. The timings will be as under:
Equity Markets: 09:00 am to 03:30 pm
Currency Markets: Closed
Commodity Markets: 10:00 am to 05:00 pm
Since we expect extreme volatility, we will not be able to provide any additional intraday leverage on this day. As a result,
- Trading using product code MIS in Equity segment will require you to have CNC/full margins.
- Trading using product code MIS in F&O & Commodities will require you to have NRML/full margins.You can check out NRML margin requirements on our SPAN calculator.
- Bracket/Cover orders will not be available for trading on this day. Bracket/Cover orders and normal intraday leverage will be made available if the volatility subsides. This will be at the discretion of our risk management team.
Thanks venu for information.
No! Zerodha is afraid of margins hence no margins on budget day. Discount broker = Discount Profits.