getMarginApi Api returns wrong margin for Nifty futures ? [Urgent]
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getMarginApi returns following normally response for June Nifty Futures:
{'status': True, 'message': 'SUCCESS', 'errorcode': '', 'data': {'totalMarginRequired': 65482.09, 'marginComponents': {'netPremium': 182130.0, 'spanMargin': 400425.5, 'marginBenefit': 84922.0, 'deliveryMargin': 0.0, 'nonNFOMargin': 0.0, 'totOptionsPremium': 0.0}, 'marginBreakup': [{'exchange': 'NFO', 'productType': 'CARRYFORWARD', 'totalMarginRequired': 65482.09}], 'optionsBuy': {'totOptionsPremium': 0.0, 'optionDetails': []}}}So as can be seen 65482.09 is the margin for 1 lot (25 quantity).
Today at 10:45 AM when this Api gets called , my code had also placed order for Nifty Call option as well and when checking margin using getMarginApi got following response:
{'status': True, 'message': 'SUCCESS', 'errorcode': '', 'data': {'totalMarginRequired': 11554.58, 'marginComponents': {'netPremium': 182130.0, 'spanMargin': 0.0, 'marginBenefit': 53927.5, 'deliveryMargin': 0.0, 'nonNFOMargin': 0.0, 'totOptionsPremium': 0.0}, 'marginBreakup': [{'exchange': 'NFO', 'productType': 'CARRYFORWARD', 'totalMarginRequired': 11554.58}], 'optionsBuy': {'totOptionsPremium': 0.0, 'optionDetails': []}}}I had kept the capital for futures to be 1 Lakh
Since the margin using above Api came out to be 11554.58, I calculate the actual future quantity to be placed for order as below:
actualFutureQuantity = (int)(capital/oneLotMargin)*futureLostSize
which in this case is (int)(100000/11554.58)*25 = 8So 8 lots(200 quantity) order was placed for Nifty futures.
But the problem is I can see 4.3 lakhs have been deducted from my account rather than anything near to 1 lakh.Below is Nifty future order response:
orderResponse : {'status': True, 'message': 'SUCCESS', 'errorcode': '', 'data': {'variety': 'NORMAL', 'ordertype': 'MARKET', 'producttype': 'CARRYFORWARD', 'duration': 'DAY', 'price': 0.0, 'triggerprice': 0.0, 'quantity': '200', 'disclosedquantity': '0', 'squareoff': 0.0, 'stoploss': 0.0, 'trailingstoploss': 0.0, 'tradingsymbol': 'NIFTY27JUN24FUT', 'transactiontype': 'BUY', 'exchange': 'NFO', 'symboltoken': '35004', 'instrumenttype': 'FUTIDX', 'strikeprice': -1.0, 'optiontype': 'XX', 'expirydate': '27JUN2024', 'lotsize': '25', 'cancelsize': '0', 'averageprice': 23152.78, 'filledshares': '200', 'unfilledshares': '0', 'orderid': '240527000529143', 'text': '', 'status': 'complete', 'orderstatus': 'complete', 'updatetime': '27-May-2024 10:45:03', 'exchtime': '27-May-2024 10:45:03', 'exchorderupdatetime': '27-May-2024 10:45:03', 'fillid': '', 'filltime': '', 'parentorderid': '', 'ordertag': '', 'uniqueorderid': 'c5acc46f-9919-4d3c-bd55-34afdf75cb5c'}}Please let me know the problem here ? Also, how should the margin just for futures should be calculated ? Why there is difference in one response to another of getMarginApi - 11554.58 rather than 65482.09 for one lot(25 qty).
Also, if 11554.58 is the right margin, it didn't deduct 1 lakh but 4.3 lakh from my account.Please let me know as it urgent.