Comment on Cover Orders - For Higher Leverage

Nithin Kamath commented on 25 Feb 2013, 07:16 AM

Once you buy a stock, there is no extra margin charged for placing a stop loss and an exit order..

How much margin depends on the product type and segment you are trading in..

For equity: If using CNC(Delivery): 100% margin, if MIS(intraday equity): 10%, if Cover orders: 6%..

For futures/writing options: If NRML: 100% of NSE stipulated(for tata steel around 54k/lot), MIS: 40% of NSE stipulated and 25% of NSE stipulated for cover orders..

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