NO ty i think i am post my story instead on facebook
i have delivery of shares in demate account . on 24th march 20121 i sold order in cnc in 16 min i covered back all all shares .Everything is in cnc with profit .
At end of day it;s 0 as i sold and bought same qty in CNC
today i got email
Today 25 marth 2021 at 10;00 am i got email.
This is to inform that there is a margin short in your Trading Code : FAXX58 of Rs. 3,42,732 /-approx. in FO/CDS/NCDEX/MCX for date: 24-Mar-2021 To avoid the short margin penalty, you can deposit cheque amount of Rs. 3,42,732 /- dated 24-Mar-2021. from your registered bank account in our below mention client account today. For any further clarifications you can reach Client Support at +911724740000, 6750000
Our bank detail is mentioned below:
Why the email?
the guy called as i requested call he said
You can buy only 80% of what u sell on same CNC as 20% margin need to be kept since when we have converted Eq into f& 0 bussiness
and ok agreed exchnage has done that
SO why did your system allowed me to buy more then 80%
FAULT IS IN YOUR SYSTEM WHY IT ALOWED ME TO BUY MORE THEN 80% . now why did u create a margin short?
you have my delivery do a early pay in sell my share and with that money buy the share same so no margin shot will arise
I have POA given to them
so now what happens?
Lol u charge me with penalty i am, go to zerodha saying bye to u
Any other knowledgeable pplz share your thought ?
So let me YOu have delivery u sell and u cannt buy back instantly in cnc ? huh THATS BS
i log to shoonya . it shows me - 964.74 that i understand thats stt amount and that will get clear by tomorrow when u will deposit profit that i generated yesterday
So I DONT GET TO SEE -3,42,732 IN MY TRADING ACCOUNT and i have to penalty on - 3,42,732 too ? while u show only 965.74 negative
Great
thats like marry a girl without even seeing her face
why not put a negative 342732 then demand penelty .. what penelelty ia m paying basically? just base don your email? lol
Yeah my name and code is visible in Grey shade next to refresh i no longer care ...
Was email sent in error to me or do i really deserve penalty is question that i seek answer. and
finvasia prism create ticket not working they have smartly disabled the opt sending saying some mcx BS error User mcx category declaration otp error so i cannt create help ticket
May be this is new way NSE is scamming to ppls or the broker idk
MARGIN SHORTS IN CNC AND IN EQ THATS A NEW ONE
AT end of day my position was 0 so i am not using any fantasia's money do why margin short
and i have delivery of shares so go sell that and then do early pain and with that money buy the share that i bought so no margin short will occur in any case.
none of finvasia money was used so no penalty
i am check daily my ledger moment i see penelty ia m file a NSE complaint ..