Hi All,
I faced a margin shortfall in my account and did not understand why it happened.
I took 15 intraday positions in stocks with a quantity such that the margin required would be Rs 2000 after considering intraday multiplier of 5X. So I bought each stock of Rs 10,000 and had to pay only Rs 2000 for it. I verified that all stocks had 5X margin.
Considering intraday multiplier of 5X, even if all 15 positions were active at once, it would only need about Rs 30,000 (15 positions * Rs 2000 = Rs 30,000). I had an available margin of double that amount which should have been enough.
I am not able to understand how I faced a margin shortfall. Am I missing something?
Thank You!