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Why is the error “(RED: RULE: {Check Peak Margin} Buy Back is not allowed in CAC)” displayed?
Shoonya does not allow selling stocks (MTF) and immediately buying the same stock using the CNC on the same day. Shoonya treats this combination as an intraday trade, which may create a margin shortfall and trigger an error.
To prevent this, buying stocks using CNC is not allowed if there is an MTF sell position for the same stock.
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