Comment on Cover Orders - For Higher Leverage

apsuresh commented on 22 Jun 2015, 03:02 PM

I have the following stocks in my portfolio:

Orchid Pharma : 200 Nos.
Federal Bank : 175 Nos.
HCL Tech : 10 Nos.

I want to do intraday trading (Cover Orders) against the margin available against Federal Bank and HCL Tech. Orchid Pharma margin is not available on your list. As per today’s stock value, Federal Bank and HCL Tech are worth are around Rs 34,000/-. Can I place cover orders using the available margin against these stocks? If so, what is the margin amount I get for trading.

Suresh

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