Comment on Settlement Holiday and its Impact

drsuhask commented on 01 May 2013, 05:00 PM

Dear Sir / Madam,
I ( client ID RS1654) sold GildM futuire May on 29/04/2013 at 27267 . This position got profit ( almost 645 points) till today. Today at about 7.25 pm I recieved a call from Zerodha trading executive telling me to squarre off the position. The reason he was telling that I have to take the delivery of the position which is risky. So I squarred off the position without any hesitation as I have experienced the occasion in which the care was taken by Zerodha to curtail loss of the clients ( my wife is having equity trading account with Zerodha from last 10 months)
But actually I wanted to continue the position as I initiated the trade by seeing the charts only & accordingly profit target was of 1500 points. I don’t know the trading rules in commodity market as I am very new in the commodity trading ( 15 days only).
I just wanted to know what care should have taken from my side to continue the position so that I will take care next time.

Yours Faithfully,
Dr.Suhas Kothavale

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