QueryAbout ICICI direct: Margin postion converted to Delivery

swagat86

Active Member
#1
HI Frndss,
if i say short 10 reliance @ 1420 in Margin and then i covert it to delivery.

wat wud be my BUY price at the End of the Day. Will it be 1420 or.....???
:confused:



PLs Reply

Thanks
 
#2
HI Frndss,
if i say short 10 reliance @ 1420 in Margin and then i covert it to delivery.

wat wud be my BUY price at the End of the Day. Will it be 1420 or.....???
:confused:



PLs Reply

Thanks

hi Swagat,

it goes something like this

1. first of all u can't convert ur 'short' position to delivery unless u already have 10 reliance share in ur DP account. in this case ur sell price for these 10 shares is 1420.(i e. it is somethink like u r selling those 10 shares which r in ur DP @ 1420)
3.now if u are long(assume) at 1420 and price comes down to 1400(say), u can definitly convert it to delivery hoping that it will moveup in coming days . in this case ur buying price will be 1420.

regds
Satish
 

swagat86

Active Member
#3
HI sattimes,
u mean i cant short a stock and if it moves against me i cant take take delivery. Oops starnge.
i thought we can do that.

Thanks buddy
 
#4
HI sattimes,
u mean i cant short a stock and if it moves against me i cant take take delivery. Oops starnge.
i thought we can do that.

Thanks buddy
hi swagat,

u can always short in margin. but u cant covert to delivery unless u have that stock in DP as i told before.

eg,assume u bought 10 rel shares at 900(say) few days back, now if u short 10 shares in 'margin' at 1420 and it moves to 1500, now it is better to convert it into delivery so that u will be still in profit of ( 1420-900) per share.
remember that the sell price will be still 1420 not 1500

regd
Satish
 

swagat86

Active Member
#5
hi swagat,

u can always short in margin. but u cant covert to delivery unless u have that stock in DP as i told before.

eg,assume u bought 10 rel shares at 900(say) few days back, now if u short 10 shares in 'margin' at 1420 and it moves to 1500, now it is better to convert it into delivery so that u will be still in profit of ( 1420-900) per share.
remember that the sell price will be still 1420 not 1500

regd
Satish
Thanks brother
 

Similar threads