Comment on Consequences of Short delivery - NSE/BSE

Swaraj commented on 24 Sep 2016, 11:34 PM

Hi Nithin,
I have 2 queries.
1. I had 9K amount in my trading a/c. I was allowed to buy stocks under MIS upto 9K only. I guess Zerodha allows to buy upto 3x or 10x amount. Pls confirm.
2. Yesterday I short sold one share at X price (total traded amount was around 8.5K for 90 quantities & under category MIS. I had 9K in my trading a/c prior to that transaction), but that share reached the upper circuit in some time and hence I could not buy back that stock. Now in Kite Dashboard, my account value & margin available are showing 7K. Now I am really worried and confused. Should I deposit any money in my trading account ?
What should be my next step for this before T+2 ?

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