Comment on Zerodha - Margin Policies

Nithin Kamath commented on 27 Jun 2014, 08:36 AM

No Nishant, presently it doesn’t work on MAC.

Nishant, like I mentioned earlier, you can’t hold a sell/short position in equity for overnight (if you want to, you will have to use futures). To convert from MIS to CNC on a short trade, you will need to have the stocks in your demat and if you don’t, you can’t convert.

Assume you shorted 10 shares of Reliance in MIS at 1000 and stock price went to 1010 making you a Rs 100 loss. To convert this to CNC, you need to have the 10 shares with you in your demat, otherwise you can’t. If you sell a share and hold it overnight, you will have to give delivery of the share to the person who bought it from you, so if you don’t have the shares in your demat, you will not be able to give delivery and hence not allowed

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