@nithin , @siva
Greetings to both of you .
I recently had a trade on nifty 8800 pe 23rd April exp(short option on Friday 4/17/2020 morning) , By Evening i was well in profits .
Now Before the markets close i wanted to hedge my position by buying a lower strike pe 8700 which was within range as per https://zerodha.com/margin-calculator/SPAN/ .
1)Why could i not buy the 8700 PE despite it being in range ?(I assume its because of 500 CR limit reached by zerodha)
2)Now that my options are left un-hedged , how can i prevent such a situation in the future . How will i know if the hedge option i m supposed to buy will be blocked or Allowed ?
3) Is it possible to allow a even lower contract such as 8600 pe to be purchased if the 15% limit of total OI in Niftyoption contract is not reached ?
Kindly Guide on this .