Comment on Cover Orders - For Higher Leverage

Sibi Chakravarthy commented on 12 Jan 2014, 02:11 PM

I am a beginner in trading…a few days back..i bought and sold apollo tyre(i put amo) at approx 106.4 and 106.7 quantity:2500 ,intraday with prod.code MIS, i had an accnt bal of approx 52k…it got executed…and a day aftr tat…i again bought nd sold apollotyre(amo again) at approx 110.4 and 110.7, quantity:2500,intraday,MIS. but this time both buy and sell orders gt rejected with the reason ….that required margin is 91k, but available bal s oly 52k…. i cant find myself a proper explanation for this.. :/ zerodha can u please help?
and sorry for the long read.. :/

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