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Why was my open position squared off even though I have the required SPAN margin for the trade?

The new SEBI circular and the NSE circular mandates brokers to collect the complete SPAN + Exposure margin, as opposed to only SPAN margin, to carry forward Futures and Options positions to the next day. Check out this post on TradingQ&A for more information.

If you do not have the full margin required to carry forward the position(which can be found using the margin calculator), you will be charged margin penalty by the exchange and your position may be squared off by our RMS team.