Comment on Understanding the new margin pledge system — effective Aug 1, 2020
commented on
07 Feb 2023, 01:06 PM
I have pledged my IPO allotment of 6 shares of PAYTM – Investment cost Rs 12000+. Today I have purchased 25 shares @ 556+ and intend to purchase in dips/rise for a target of 680 which would nullify my loss instead of tax harvesting. My question. In case the market goes sideways or bears take control because of the Adani scam can I sell the the shares for a meagre profit without touching my pledged shares6 @ 2150. My opinion is that it should not be touched since FIFO is not applicable for pledged shares as far as I know as a banker. Please reply early.