Comment on Consequences of Short delivery - NSE/BSE

Vivek commented on 02 Jun 2016, 05:51 AM

You need to worry, even if its Zerodha.
My positions were not closing at 3:20pm and it was around 3:22pm. I started closing my position at market rate. It was BO. Without placing any further order through order window I ended up with short position of around 800 shares. It was horrifying as I got to know through a call from Zerodha. This was my first experience with such situation.
It can be avoided by simply closing all position before 3:15pm or letting it happen automatically. Or else consequences can be bad in terms of penalty.
I really like Zerodha and it will be my brokerage firm always. I simply wish I knew it beforehand.
Happy trading.

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