Hi All,
Yesterday when I logged into my Reliance Money DMAT account, I was greeted by an "Preference for Limit Card" window where in I had to select one of the many options available.
And one of the Options was PR-500 which has an validity of 365 days and an Trade limit of 2 Lakhs.
What does this trade limit mean?
Does it mean that I can buy and sell shares for Max RS 2 Lakhs or less in a single transaction?
Can I not buy and hold shares of more than 2 Lakhs so that I could sell it when the prices go up?(assume that in a trading day, i buy shares for 50K for 4 days)
I am relatively new to trading so please provide info.
If my understanding above is wrong, please explain again.
Thanks and Regards.
Yesterday when I logged into my Reliance Money DMAT account, I was greeted by an "Preference for Limit Card" window where in I had to select one of the many options available.
And one of the Options was PR-500 which has an validity of 365 days and an Trade limit of 2 Lakhs.
What does this trade limit mean?
Does it mean that I can buy and sell shares for Max RS 2 Lakhs or less in a single transaction?
Can I not buy and hold shares of more than 2 Lakhs so that I could sell it when the prices go up?(assume that in a trading day, i buy shares for 50K for 4 days)
I am relatively new to trading so please provide info.
If my understanding above is wrong, please explain again.
Thanks and Regards.