Short selling stocks in stock market. It can be done through any broker.
Recently, due to market volatility, we are recommending stocks for short term gain i.e 2-3% gains in 2 to 3 sessions.
During a sell call, shares needs to be sold first and bought later. This can done through any broker through Margin intraday squareoff (MIS) or Shorting Futures of the stock.
To short a stock first, you need to have the necessary capital as necessary as to buy a stock. Broker may provide you with additional leverage of 3x to 8x depending on the broker and also depending on the stock.
In Zerodha you would need to choose MIS option and in other brokers you need to choose Intraday or Margin to place such orders.
In zerodha, you need to search the stock to sell and click sell. Once the order sheet opens, you need to check the MIS (Margin Intraday squareoff) option to sell first and buy later.
Common Tip: It is better to disclose only 20% of your ordered quantity.
In Angel Broking, you need to click Trade, Place order, Sell and choose product type as ‘margin’.
In ICICI Direct, you need to click Equity> Transact> Place Order & select ‘Margin Sell’ Tab.
In Margin Sell, you are forced to close your open positions at the end of the day. In Futures, you can hold the contract until expiry of the contract.
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