Dear Experts,
I am holding trading & Demat account in xyz broking house. The XYZ provides an facility of T+5 days, which means you need to pay on 6th day of transaction or clear position.
This was the process since the account is opened. I have taken some position call at last weeek which leads to a debit balance.
The Broker has squarred off my position before 5 Days (without any intimation-no call except mail) and the square off is of not stock which were outstanding/bought latest, but some other scriptt from my demat account due to which i was have to bear good amount of loss.
The Broker is not ready to accept that there is any loss, because he consider that scriptt sold is that day's market rates.
My arguments is if he would have sold outstanding shares scriptts/or other holdings on an average basis the loss would be have been differenet compare to actual.
Kindly advise what action can be taken.
