Re: Day trading Nifty & Stock Futures
Precisely because the lot quantities are huge, just take an example of ambuja cement positional short on DeMark sequential, if I were to short one lot (2500), my stoploss is about 8rupees away i.e. 20000. So was a bit reluctant at least till I have sound grasp of the system.
Vivek
Your T+2 will not get tricked like that 
Intra is accounted before CNC.
STBT can safely be done for liquid stocks and many do it.
The problem is for T+2. On that day, when another party comes to collect what you "short sold" for delivery it is a problem and that delivery is fulfilled from an auction.
The auction price and penalty can hurt.
Even now, this occurs many-a-times, you will read ppl complaining about delivery even after 3-4 days.
What Suri Bhai suggests is a way to trick the system, so you can't just start it overnight but can develop it for stocks that you want.
So buy swing quantities and stock them for long-term.
That's why futures are supposed to do the same thing, OI can create infinite liquidity unlike EQ which is finite number of stocks.
By the way, why do you want to do that with Eq instead of Futures?
Intra is accounted before CNC.STBT can safely be done for liquid stocks and many do it.
The problem is for T+2. On that day, when another party comes to collect what you "short sold" for delivery it is a problem and that delivery is fulfilled from an auction.
The auction price and penalty can hurt.
Even now, this occurs many-a-times, you will read ppl complaining about delivery even after 3-4 days.
What Suri Bhai suggests is a way to trick the system, so you can't just start it overnight but can develop it for stocks that you want.
So buy swing quantities and stock them for long-term.
That's why futures are supposed to do the same thing, OI can create infinite liquidity unlike EQ which is finite number of stocks.
By the way, why do you want to do that with Eq instead of Futures?
Vivek
