Ok, thanks for the detailed reply.

Suppose I want to Enter a Credit Spread Strategy based on the Option Strikes Indicator level (Not the underlying Nifty), how to do that?

For example: Nifty is at 26000 and I want to enter a Bull Put Strategy with strikes say SELL 25800 PE and BUY 25300 PE.

Entry condition : Price of 25800 PE < Simple Moving Average (30)

Exit Condition : Price of 25800 PE > Simple Moving Average (30)

Known issue. I asked their customer support and they said that buying equities from sale proceeds is a "feature" offered by other brokers and as per them settlement is next trading day only.

But the fact is that ALL brokers except Definedge offer this so called "feature".

Surprisingly, Definedge offers margin to buy equities from sale proceeds on the same day if you are doing Momentum Investing from their Momentify platform.

Due to these double standards I stopped trading with them.