Comment on Consequences of Short delivery - NSE/BSE

Sushil commented on 26 Jun 2015, 05:27 PM

Dear Sir,

In case of short covering, If i sell a share @ Rs. 100 by selecting product type as ‘MIS’ at 10AM,

1) By 1 PM I wanted to buy share @ Rs. 90, to place the order for buying should I use MIS (Intraday) or CNC (Delivery) as product type?

2) If I didn’t buy at by 3:20 I hope zerodha will buy the stock at CMP[Current Market Price]. Please comment on this

3) At this square off time if share is reached to it’s circuit limit [even though its rarest case] What happens to the shares that I already sold? Will I get any penalty on this?

Thanks in advance

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