Stuck Somewhere?
My Tickets
Stocks
Mutual Funds
Payments
My Account
FDs
US Stocks
En
हि
Demat Account
Investments
Futures & Options
IPO
SGB
Margin
Charges
Pledge
Corporate Action
Reports
Others

Why do I need margin to exit my position?

You may already have an open order on your position. You will need to cancel the first open order before placing another one.

For example, you have +100 position in an F&O contract (100 quantity bought) with an open exit order at SL, or a limit order of the same contract for 100 quantity. Now, if you try to place an exit order at market price, it might get rejected. This is because the second exit order will be treated as a new short position and this would require significantly higher margin. You can either modify your open order to market (steps mention), or you can cancel the open order and place the exit order at market again.

Steps to modify the open order
Was the answer helpful?
ⓒ 2016-2023 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.9.8
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI