I have about Rs. 40,000/- in my Zerodha Account Balance. I am looking to trade a position in which I buy the Nifty front month contract and sell the Nifty next month contract. The Margin requirement is as follows:
- BUY Nifty Front Month Future - >Rs. 100,000/-
- SELL Nifty Next Month Future - > Rs. 100,000/-
- Combined Margin Requirement of the two legs- Rs. 19000/-
The margin requirement in the combined position of “Buy front month and sell next month” is less than my account balance and hence affordable. But how do i execute this trade? Because if I start by buying the first leg, I will have to put up more than Rs. 1 lac, which I dont have. Anyone has any idea on how to execute this?