This is the amount of funds that the trader must maintain in the account to keep the particular position open or to take particular position to next day.
Indian Exchanges like MCX, NSE, NSE OPTION required less Margin to trade intraday but if you want to trade overnight then you must have overnight or Maintenance margin.
This is the level at which the broker will require the trader to provide additional funds to maintain the required margin level or to keep the account safe from liquidation.
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