Comment on Cover Orders - For Higher Leverage

Nithin Kamath commented on 12 Mar 2016, 08:50 PM

1. You have already paid Rs 8000, so account balance will reduce by 8000. What price market closes won’t affect your account balance, but it will mean lesser value of your holdings.
2. Yes, your buying price is 80. What happens after that is immaterial to your account balance.
3. Your holding value decreases by Rs 15, there is no chance of auto square off since you would have paid the stock paying entire money.
4. Forever
5. Automatically transferred to demat.

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