What is Margin avaliable and margin used on dashboard?

General
1

Hi I am Debjit
Today I did my first trade,I am new to this.I transferred Rs 2100 to my trading account (equity seg) and I took two trades first ITC put a MIS MKT order got into and out of the trade immediately and made Rs 0.10 next did on NHPC put a sell BO at Rs 28.30 and brought it at Rs 27.95 and made a profit of Rs 55.00.In NHPC i used BO and calculated the margin from margin calculator ,my margin was around Rs 1000 and got a leverage of about 5 times I totally understand this.
So end of the day my account should have = 2100 + 55 + 0.10 = Rs 2155.10 ,and It have
What I don’t understand is on the dashboard in equity fund section it shows
MARGIN AVAILABLE = 4,255.1
MARGIN USED = -55.1
Total account value = 2100
What is this margin available and margin used ? I see margin available is twice my initial fund + profit made and margin used is negative of my profit made how these are calculated and what is its significance ?

I thought my total margin would be Rs 2155.10 for the next day

I am confused
Please help
Thanks
Thanks

2

This has been answered before in the link below:

Do post back if you still have queries.

3

Oh got it
Thanks

1 Like
4

@Zerodha amd Streak

I have question about 2 weeks back but there is complete silence at your end.

I’m using algo but getting no margin in MIS. Why so?

5

Request you to raise ticket at support.zerodha.com

6

Raised a few days back. ZE3507

7

@Siva can you.