Why is the error “MTF buy order is not allowed for the day as there is an MTF holding sell position in this stock.” displayed?
As per Zerodha’s RMS policy, repurchasing stocks that were sold from the MTF holdings on the same day is not allowed, and an error MTF buy order is not allowed for the day as an MTF holding sell position in this stock is displayed.
If the stock needs to be repurchased to maintain the MTF positions, clients can place a buy Cash and Carry (CNC) order and must bring in the required funds. The MTF positions will be restored on the following day.
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