Hi everyone,
I am new to Investing, entered 20 days back and preferred short term trading. In these 20 days, I got considerable profit. Now I want to enter in to Intraday. But I have some doubts.
If I purchased X scrip in the morning (with Cash and no Margin/Funding), and the price of that scrip is moved up, in this case I can sell the stock and book profit.
But, if the scene reversed, means that scrip comes down; can I take delivery of this scrip? (for short term holding)
Is it permissible? I am using ICICI Direct and it is not allowing the same. If I want to do Intraday, there is a separate section called Margin Plus. If I want to take delivery I have to use "Buy" Section.
If any broker allows me to take delivery in the above case?
Please let me know about this issue.
Thanks & Regards
Sridhar
I am new to Investing, entered 20 days back and preferred short term trading. In these 20 days, I got considerable profit. Now I want to enter in to Intraday. But I have some doubts.
If I purchased X scrip in the morning (with Cash and no Margin/Funding), and the price of that scrip is moved up, in this case I can sell the stock and book profit.
But, if the scene reversed, means that scrip comes down; can I take delivery of this scrip? (for short term holding)
Is it permissible? I am using ICICI Direct and it is not allowing the same. If I want to do Intraday, there is a separate section called Margin Plus. If I want to take delivery I have to use "Buy" Section.
If any broker allows me to take delivery in the above case?
Please let me know about this issue.
Thanks & Regards
Sridhar