Ok I am completely new to share trading
i just opened an demate account with ICICI.
So on Friday i purchased the some share of Tata steel worth 438 with"Cash Buy" option.
on tuesday it`s price increased to 465 & i tried to sell it by"cash sell" option but it said i had to allocate the share(what is this?),I went to "demate allocation" but nothing happened there..
So i clicked on "Margin Sell" option and sold it.
Now i am getting this statement :-
I am totally confused,Do i have a deal? or my money is stuck?
Also tell me in simple words what is the margin sell?
Thank you in advance
i just opened an demate account with ICICI.
So on Friday i purchased the some share of Tata steel worth 438 with"Cash Buy" option.
on tuesday it`s price increased to 465 & i tried to sell it by"cash sell" option but it said i had to allocate the share(what is this?),I went to "demate allocation" but nothing happened there..
So i clicked on "Margin Sell" option and sold it.
Now i am getting this statement :-
I am totally confused,Do i have a deal? or my money is stuck?
Also tell me in simple words what is the margin sell?
Thank you in advance