Comment on ZT-Position Conversion

Suriyakumar Jayabal commented on 26 Aug 2014, 10:28 PM

You mean it will be considered as if I have sold the shares what I held in my demat account, the buy price being the one in which I purchased last month and the sell price would be the one with which I have shorted MIS today morning. Now I am clear.

If I can only convert 500 shares the remaining 500 will be squared off automatically by 3:20 pm. In this case I will incur charges for CNC 500 shares and MIS 500 shares as brokerage and taxes in the contract note of that day. Am I right?

Thanks for you quick answer.

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