Comment on Consequences of Short delivery - NSE/BSE

ashwini commented on 10 Jul 2017, 11:35 AM

Dear Nitin,

Please clarify my below query.
I did one BO sell trade of Unitech at 7.8 on 7th July but Unitech share closed with upper circuit on that day because of that I was not able to close position. Now what is next ??
I think ideally I have close this position by T+2 days. Nut it seems Zerodha already initiate closing process for my open position and that is on 20% upper price compare to 7th July’s closing price. Because of that my margin is reflecting in negative now, I think Zerodha should close this position with in T+2 days. Today scripts price is 8%-9% above. So there is around 11%-12% difference between the prices, what zerodha has consider for closing the position.

Please let me know will I get this difference back in my available margin or I need to pay Zerodha the amount which is right now coming as negative in my margin available ?? And when I will get settlement note for this trade so that I can go through the actual settlement process ??

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