Selling Nifty covered calls

Hello,

I have a small query about writing covered calls in Nifty

If I own a long position in Nifty is it possible for me , to write covered calls and puts , without having to put in additional cash margin.

Thanks,
Ashok

I thought you can sell covered calls if you own the underlying, isn't this what it is actually supposed to be ?

So is there no way to sell covered Nifty calls and puts and all calls sold on Nifty are naked ?

Could some one please enlighten me on this.

Thanks,
Ashok

You can write calls/puts as long as you put up the margin.A percentage of your demat account holdings are also considered margin by most brokers if that is what you mean.

In India, there is no cross-margining between the cash and F&O segment. However, if you are long Nifty futures, and you sell a Nifty call option, you wont have to pay the entire margin on the call, just a small amount.