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#1
15th November 2007, 08:13 PM
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I have a question regarding trading.
Consider the following example for a cash market scrip:
Scrip ABC opened at 100 and then zoomed to 110 in 2 minutes. I short sold the scrip at 110. Now after the initial euphoria, the stock came down....and settled at say 105. Seeing this consolidation, I bought the scrip at 105. After one hour, the stock reaches 110 again. Now, can I sell the same stock at 110 that very day??? Or do I have to take delivery first??? Please advise. This query has confused me..... Am I creating any open position this way in the cash market??? 
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#2
15th November 2007, 08:53 PM
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Re: I have a question regarding trading.
Quote:
MOST IMP...CHECK circuit price before shorting & keep a stoploss below circuit price....if not doing so.....if the scrip hits upper price freeze...u will face auction... scrips in trade to trade settelment cannot b shorted....100% delivery have to b delivered.....
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