How can I use Baskets to buy options outside the Nifty or Bank Nifty range?
In order to use baskets to buy Nifty and Bank Nifty options outside the allowed range, you will have to first enter the Sell leg in the Basket. Once you've entered the Sell leg, you can enter the Buy leg/order.
The margin requirement might slightly be higher when you're entering the sell leg. However, after entering the buy leg, the final margin will be blocked according to the hedge. This is because we allow outside the range Buy legs at par with the Short leg so you can hedge.