Customers benefit from margin when their trades are hedged. However, it's crucial to note that if you close the hedge position, you should prioritise closing the leg of the transaction with higher margin requirements first. Failing to follow this sequence may result in a sudden increase in your peak margin requirement. If you don't have sufficient margin available, it could lead to penalties, which you'll be responsible for.
For example, if you have only ₹50,000 available as a margin and you buy 1 Lot of NIFTY 13000 CE @ Rs.20 and then sell 1 lot of NIFTY 13200 CE, the margin requirement for 13200 NIFTY CE will be approximately ₹25,000 to ₹30,000. If you later close the NIFTY 13000 CE position, the margin requirement for NIFTY 13200 CE will increase to ₹1,35,000. With only ₹50,000 as a margin, this would result in a shortfall and attract a penalty.