Comment on ZT-Position Conversion

swaroop commented on 07 Jun 2017, 01:22 PM

Suppose I buy shares using MIS. I have fund of 15000 and used 10x MIS so I baught shares worth 150000.
Each share value is Rs.150 so I have 1000 shares.
On same day, if share value goes down to 145, I would like to hold the position.
My question is
To convert this MIS to delivery, do I immediately need to pay 150000 – 15000 = 135000?
If not, How many days can I hold the shares by initial funds usage of 15000?
What can happen if I am unable to add funds required to hold the position?

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