Comment on Cover Orders - For Higher Leverage

TheStockaddict commented on 14 Jan 2014, 04:52 PM

Hi there,
i have a query rather important to me, and have already posted it in ‘Position conversion’ topic.
Just posting it here as well, so whichever you see first

Suppose I have 3 lakhs worth of stock in my demat and no ready cash.

1. Will I be able to take an intraday position for the day with the delivery stock as a collateral?

2. If yes, then will the intraday have to be MIS or can it even be CO?

3.If MIS and CO are allowed, then instead of taking a 3x or 5x position in 1 stock,
will I be able to take a 1x intraday position in 3 stocks with delivered stock as collateral?

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