Last few days I have observed lot of scripts are blocked for intraday trades. Most of these scripts are showing as 1x MIS exposure in your equity margin calculator page. So as per your website I can short sell these stocks if I have full margin. But to my disappointment these scripts are blocked by your RMS team for intraday. e.g. today I wanted to short ANANTRAJ. But order got rejected. Your support team confirmed it is blocked by RMS team.
I am not asking for any leverage, I am bringing full amount of sell value as margin. But still intraday short position is not allowed. As a broker I think your risk is also very less. Because stock jumping 100% in those scripts is not possible because of circuit limit. If it hits upper circuit and client fails to close the position. Then in such case also auction price at double the price of T day is also very less probability.
I think your RMS Team should review the rules of taking position in MIS 1x scripts.
Please allow intraday order execution, 0 leverage is no problem.
I am not asking for any leverage, I am bringing full amount of sell value as margin. But still intraday short position is not allowed. As a broker I think your risk is also very less. Because stock jumping 100% in those scripts is not possible because of circuit limit. If it hits upper circuit and client fails to close the position. Then in such case also auction price at double the price of T day is also very less probability.
I think your RMS Team should review the rules of taking position in MIS 1x scripts.
Please allow intraday order execution, 0 leverage is no problem.